- The total crypto market cap traded towards the $132.5B level and later corrected lower.
- EOS price traded above the $3.50 resistance and it is currently consolidating gains.
- Binance Coin (BNB) rallied more than 10% and broke the $10.00 resistance area.
- bitcoin cash price is placed nicely above the $140 support, with a bullish bias.
- Tron (TRX) price failed to stay above the $0.0250 support and later declined.
The crypto market started a downside correction, but it remains supported. Dips in (), (ETH), coin (BNB), BCH, , , TRX and ADA are likely to find buyers.
bitcoin Cash Price Analysis
cash price gained traction recently and broke the $135 and $140 resistances against the US Dollar. The BCH/USD pair even traded above the $145 level and later started a downside correction. On the downside, the key supports are near $142 and $140, below which the price might test the $135 support.
On the upside, an initial resistance is near the $145 level, above which the next hurdle for buyers is at $148 and $150. In the short term, there could be range moves, but the price is likely to gain further above $145.
EOS, Tron (TRX) and BNB Price Analysis
price gained a strong bullish momentum above the $3.00 resistance area. It broke the $3.25 and $3.50 resistance levels to register heavy gains. At the moment, the price is consolidating above the $3.50 support, with resistances near the $3.62 and $3.70 levels.
price moved above the $0.0250 resistance level, but it failed to hold gains. TRX price topped below the $0.0255 resistance and later declined below the $0.0250 support. The price is down more than 2% and it seems like it could retest the $0.0245 support area in the near term.
coin (BNB) above the $9.50 and $10.00 resistance levels. BNB price gained more than 10% and even surpassed the $10.50 resistance. The next major hurdle for buyers is near the $11.00 level, above which the price might eye a test of the $12.00 level.
Looking at the total market cap hourly , there was a strong upward move above the $120.0B and $125.0B resistance levels. The market cap even broke the $130.0B resistance level and tested the $132.5B level, where it faced resistance. Later, it started a downside correction and declined below $130.0B. However, there are many supports near $126.0B, $125.0B, and a bullish trend line on the same chart. Therefore, as long as the market cap is above $125.0B, dips in , ETH, , , , , ADA, , BNB, BCH, XMR and other remain supported in the coming sessions.
Published at Wed, 20 Feb 2019 06:07:30 +0000
