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

Bitcoin And Crypto Market Remain In Uptrend: BCH, EOS, TRX, ADA Analysis

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

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Created by industry experts and meticulously reviewed
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  • The total crypto market cap is consolidating below the $245.0B and $250.0B resistances.
  • Bitcoin price is facing a strong resistance near the $9,400 and $9,500 levels.
  • EOS price is currently trading in a range above the key $3.300 support area.
  • BCH price rallied recently and tested the main $300 resistance area.
  • Tron (TRX) price is extending gains and it is trading nicely above $0.0200.
  • Cardano (ADA) price is now trading above the key $0.0420 resistance area.

Bitcoin and the crypto market cap positioned nicely in a bullish zone. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are showing positive signs.

Bitcoin Cash Price Analysis

Recently, BCH price started a strong rise above the $250 and $265 resistance levels against the US Dollar. The price even rallied above the $285 resistance and tested the $300 area. A high was formed near the $308 level and the price is currently correcting gains.

An immediate support is near the $285 and $280 levels. If there are more downsides, the price could test the main $265 support area in the coming days. On the upside, there are many hurdles near $300 and $305.

EOS, Tron (TRX) and ADA Price Analysis

EOS price gained bullish momentum after it broke the $3.150 resistance area. The price gained traction above $3.250 and even climbed towards the $3.450 level. The price is currently consolidating above the $3.300 support and it could rise again towards the $3.450 and $3.500 levels.

Tron price rallied significantly in the past few days and surpassed many hurdles near $0.0185 and $0.0200. TRX price is now trading nicely above $0.0210 and it could continue to rise towards the $0.0225 and $0.0235 levels. On the downside, the previous resistance near the $0.0200 level might act as a strong support.

Cardano price managed to recover recently and climbed above the $0.0400 and $0.0420 resistance levels. ADA price might continue to rise and it is likely to test the $0.0440 and $0.0450 resistance levels in the near term.

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 was a sharp rise above the $205.0B and $220.0B resistance levels. The market cap even rallied above the $250.0B level and topped near the $265.0B level. It is currently consolidating in a range and inside a contracting triangle with resistance near $245.0B. If there is a clear break above the $250.0B resistance, the market cap could rise further.

On the downside, the main supports are near $235.0B and $225.0B. Overall, there are chances of more gains in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, 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.

Read more

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

Ad discliamer

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