- The total crypto market cap grinded higher and tested the $245.0B resistance area.
- bitcoin price is currently consolidating near the $8,000 level.
- EOS price broke the $6.30 resistance and it is currently moving towards the $6.40 level.
- Binance Coin (BNB) is surging higher and it recently broke the $35.00 resistance.
- bitcoin cash price is trading nicely above the $400 support area.
- Tron (TRX) price is slowly moving higher towards the $0.0292 and $0.0295 resistance levels.
The crypto market cap is gaining bullish momentum, with positive moves in bitcoin () and (ETH). Binance coin (BNB) is surging higher, while BCH, , tron (TRX), litecoin and EOS are consolidating gains.
bitcoin Cash Price Analysis
After a major downside correction, bitcoin cash price started a fresh increase above the $390 and $400 resistance levels against the US Dollar. The BCH/USD pair settled above the $400 level and it recently tested the $410 resistance area.
The price is currently consolidating and it seems like the price may continue to rise above the $410 and $415 resistance levels. On the downside, the main supports are $402, $400 and $395.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price climbed above the $6.15 and $6.20 resistance levels. It opened the doors for more gains and the price recently traded above the $6.35 level. The next key resistance is near the $6.45 and $6.50 levels, above which the price could accelerate above the $6.60 level.
Tron price managed to stay above the $0.0265 support level and recently moved above the $0.0272 level. TRX price is currently trading above the $0.0280 level, with many resistances on the upside near $0.0290 $0.0292.
Binance coin (BNB) is performing really well and gaining momentum above the $30.00 and $32.00 levels. BNB price broke the $35.00 level recently and it seems like it could accelerate above the $36.00 level. On the downside, the price may find strong bids near the $34.20 and $33.50 levels.
Looking at the total cryptocurrency market cap 4-hours , there was a slow and steady rise above the $225.0B and $230.0B levels. The market cap even broke the $240.0B resistance and a major contracting triangle resistance. It moved towards the $245.0 level and it is currently consolidating gains. An initial support is near the $240.0B level, below which the market cap could find support near the $232.0B level. The main support is near the $226.0B level and the triangle lower trend line at $226.5B. The overall technical structure is positive and it seems like the market cap could continue higher towards $245.0B and $250.0B. Therefore, there could be gains in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX.
Published at Sat, 25 May 2019 15:28:09 +0000
