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

Bitcoin And Crypto Market Could Rise Steadily: BCH, Tron, XLM, ADA 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 is holding a key support near the $240.0B and $238.0B levels.
  • Stellar (XLM) price surged in the past few days and settled above the $0.0800 resistance.
  • Bitcoin cash price is up more than 2% and it is approaching the $300 resistance area.
  • Tron (TRX) price is currently correcting lower and it is approaching the $0.0195 support.
  • Cardano (ADA) price is slowly rising and it could soon test the $0.0460 and $0.0475 resistances.

The crypto market cap and bitcoin (BTC) are rising steadily. Ethereum, BCH, ripple, stellar (XLM), EOS, TRX, and cardano (ADA) might climb higher.

Bitcoin Cash Price Analysis

After a downside correction, BCH price found support near the $280 and $285 levels against the US Dollar. The price is now moving higher and it is trading above the $295 level. It seems like it could soon surpass the $300 resistance and climb towards the $320 level in the near term.

On the downside, an initial support is near the $292 level. However, the main support for the bulls is near the $285 and $280 levels.

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

Stellar price rallied in the past few days and surged above the $0.0720 and $0.0750 resistance levels. XLM price even settled above the $0.0800 resistance and it is currently consolidating gains. An initial support is near the $0.0805, followed by the main $0.0800 level. On the upside, the key resistances are near the $0.0820 and $0.0832 levels.

Tron price is currently correcting lower and it recently traded below the $0.0200 support. TRX price may soon test the $0.0195 support area, where the bulls are likely to take a stand. On the upside, a clear break above the $0.0205 resistance might push the price towards the $0.0220 level.

Cardano price is holding gains above the $0.0420 level and it is slowly climbing higher. An initial resistance is near the $0.0445 and $0.0450 levels, above which ADA price could accelerate gains towards the $0.0475 level. On the downside, there are supports near $0.0420 and $0.0412.

Bitcoin Crypto Market Altcoins ETH XRP EOS BNB TRX ADA LTC
Crypto Market Cap

Looking at the total cryptocurrency market cap 4-hours chart, there are positive signs above the $240.0B and $238.0B support levels. There is also a connecting bullish trend line forming with support near the $240.0B level. Therefore, a downside break below the $238.0B level could push the market cap back towards the $230.0B support area.

If not, there are chances of more gains in bitcoin, Ethereum, EOS, stellar, LTC, ADA, EOS, ripple, TRX and other altcoins in the near term. On the upside, the main hurdles for the crypto market cap are near $250.0B and $255.0B.

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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
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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