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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Crypto Market Could Hit $200 Billion: Bitcoin Cash, XLM, EOS, TRX Price Analysis

Aayush Jindal
Aayush Jindal
6 years ago
2 mins read
technical analysis altcoins

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  • The total crypto market cap is likely setting up for more upsides above the $180.0B and $185.0B levels.
  • Bitcoin cash price is trading nicely above the $300 level and it may accelerate above $325 and $340.
  • EOS price is currently consolidating above $5.50 and it could soon revisit the $6.00 level.
  • Stellar (XLM) price is up more than 5% and it may rise towards the $0.1400 level this week.
  • Tron (TRX) is also up around 5% and it is likely setting up for a break above the $0.0300 resistance.

The crypto market cap seems to be aligning for a sharp upward move, with gains in bitcoin (BTC) and Ethereum (ETH). ETC, Stellar (XLM), BCH, EOS, ripple and tron (TRX) are likely to gain bullish momentum.

Bitcoin Cash Price Analysis

Bitcoin cash price remained in a positive zone and traded higher after correcting towards the $275 support against the US Dollar. The BCH/USD pair climbed above the $300 level once again and it is currently trading nicely above the $310 level.

On the upside, an immediate resistance is near the $325 level, above which the price is likely to grind higher towards the $340 and $350 resistance levels.

Stellar (XLM), EOS and Tron (TRX) Price Analysis

EOS price corrected lower and tested the $5.00 level, where buyers emerged. The price bounced back above the $5.30 and $5.40 resistance levels. Buyers even pushed the price above the $5.50 level to open the doors for a fresh increase towards the $6.00 hurdle.

Stellar price is trading nicely above the $0.1250 and $0.1300 resistance levels. XLM gained more than 5% today and it is trading nicely above the $0.1320 level. The next major resistance is near the $0.1400 level, where sellers are likely to take a stand.

Tron price is slowly gaining bullish momentum above the $0.0250 level. TRX recently broke the $0.0275 resistance and it is currently up around 5%. The next major resistance is near the $0.0300 level, above which the price is likely to surge sharply towards $0.0325 or $0.0350.

Crypto Market Cap Bitcoin Cash BTC BCH EOS Ethereum TRX XLM Stellar

Looking at the total cryptocurrency market cap hourly chart, there was a fresh increase after a test of the $158.0B support level. The market cap broke the $168.0B resistance and it seems to be approaching the $178.0B and $180.0B resistance levels. A clear close above the $180.0B level is likely to open the doors for more upsides. The next major target could be $200.0B in the coming days. On the downside, there are many supports near the $172.0B and $170.0B levels. Overall, there could be more gains in bitcoin, Ethereum, EOS, ripple, ETC LTC, bitcoin cash, XLM, TRX, ICX, ONT, and other altcoins in the near term.

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Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

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From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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Strict editorial policy that focuses on accuracy, relevance, and impartiality

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