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Bitcoin Leading Crypto Market Higher: BCH, XLM, EOS, TRX Price Analysis
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Bitcoin Leading Crypto Market Higher: BCH, XLM, EOS, TRX Price Analysis

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
technical analysis altcoins

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  • The total crypto market cap is currently holding the $300.0B and $310.0B support levels.
  • Bitcoin price is up more than 4% and it is trading nicely above the $11,000 resistance level.
  • BCH price is gaining momentum towards the $490 and $500 resistance levels.
  • EOS price is currently above the $7.200 level and it may soon test the $7.400 level.
  • Stellar (XLM) price is slowly grinding higher towards the $0.1300 and $0.1320 levels.
  • Tron (TRX) price is performing nicely and is trading above the $0.0380 level.

The crypto market cap is gaining momentum, with bullish moves in bitcoin (BTC) and Ethereum (ETH). Moreover, BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) could continue to rise steadily.

Bitcoin Cash Price Analysis

After a downside correction, bitcoin cash price found support near the $460 level against the US Dollar. The BCH/USD pair is now moving higher and is trading above the $475 and $480 levels. An immediate resistance is near the $490 level, above which it could attempt to surpass the $500 barrier.

On the downside, an initial support is near the $472 level, below which there is a risk of a fresh drop to $460. Any further losses might lead the price towards the $450 level in the coming sessions.

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

EOS price settled above the key $7.000 support area and is currently trading with a positive bias. The price is currently above $7.200 and it may slowly rise towards the $7.400 resistance area.

Stellar price climbed above the key $0.1250 and $0.1280 resistance levels. XLM price is now trading near $0.1280 and it could soon test the $0.1300 resistance level. If there is an upside break above $0.1300, the price could accelerate towards the $0.1320 level.

Tron price performed really well recently and broke the $0.0320 and $0.0350 resistance levels. TRX price is now trading above the $0.0380 level and it is likely to climb further higher towards the $0.0392 and $0.0395 levels. The main hurdle on the upside is near the $0.0400 level.

Crypto Market Bitcoin BTC BCH EOS TRX XLM

Looking at the total cryptocurrency market cap hourly chart, there was a downside correction from the $325.0B swing high. However, the $300.0B support area acted as a strong support. The market cap recovered recently and is currently placed nicely above the $305.0B and $310.0B levels. An immediate resistance is near $320.0B, above which there are high possibilities of more gains above the $325.0B swing high. If there is a fresh decline, the $310.0B level might act as a decent support, followed by $300.0B. Overall, there could be more upsides in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, 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

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Created by industry experts and meticulously reviewed
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