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

Crypto Market Jumps $30 Billion: Bitcoin Cash, BNB, EOS, TRX Price Analysis

Aayush Jindal
Aayush Jindal
5 years ago
2 mins read
Bitcoin Crypto Market Altcoins BCH ETH XRP BNB ADA TRX EOS

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  • The total crypto market cap surged higher and broke the key $245.0B resistance area.
  • Bitcoin price spiked close to 10% and traded towards the $8,800 resistance area.
  • EOS price tested the $7.00 resistance area and it is currently consolidating gains.
  • Binance Coin (BNB) is slowly moving higher and it is likely to break the $35.00 resistance.
  • Bitcoin cash price surged close to the 10% and rallied above the $420 and $440 levels.
  • Tron (TRX) price is up more than 15% and broke the key $0.0300 resistance area.

The crypto market cap surged abov $245.0B and $250.0B, with strong gains in bitcoin (BTC) and Ethereum (ETH). Binance coin (BNB), BCH, tron (TRX), litecoin, ripple and EOS are gaining strength.

Bitcoin Cash Price Analysis

After successful close above the $400 level, bitcoin cash price climbed higher steadily above the $410 and $415 resistance levels against the US Dollar. The BCH/USD pair even broke the $440 level and traded close to the $445-450 zone. At the moment, the pair is currently consolidating above $440 and it could correct lower towards the $430 level.

On the upside, the main resistance is near the $450 level, above which the pair is likely to accelerate above the $460 and $465 levels.

Binance Coin (BNB), EOS, Tron (TRX) Price Analysis

EOS price rallied above the $6.50 and $6.55 resistance levels. The price is up around 10% and it is currently trading just below the $7.00 resistance level. A clear break above the $7.00 barrier could push the price towards the $7.20 level.

Tron price started a strong upward move above the $0.0295 and $0.0300 resistance levels. TRX price is up more than 15% and it is currently trading above the $0.0315 level. An immediate resistance is at $0.0320, followed by $0.0325.

Binance coin (BNB) is trading steadily above the $33.20 and $34.00 support levels. BNB price is currently consolidating and it seems like the bulls might attempt to push the price above the $35.00 resistance level in the near term.

Crypto Market Cap Bitcoin Cash BTC BCH EOS TRX BNB LTC

Looking at the total cryptocurrency market cap 4-hours chart, there was a major upside break above the key $245.0B and $250.0B resistance levels. The market cap broke a key bearish trend line and rallied above the $255.0B level. It jumped towards the $265.0B level and it is currently correcting lower. An initial support is near the $256.0B level, below which there is a strong support waiting near the $250.0B level. On the upside, a break above the $265.0B level may push the cap towards the $275.0B level in the coming sessions. Overall, the current market sentiment is very bullish for bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX.

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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
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