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

Crypto Market And Bitcoin Starts Fresh Rally: BCH, BNB, EOS, TRX 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 jumped sharply and broke the key $325.0B resistance area.
  • Bitcoin price is up more than 10% and it recently broke the $12,500 resistance level.
  • EOS price is showing positive signs and it recently broke the $6.00 resistance area.
  • Binance Coin (BNB) broke the $33.00 resistance and it is currently consolidating in a range.
  • BCH price is up more than 4% and it broke the $420 and $425 resistance levels.
  • Tron (TRX) price is currently correcting yesterday’s gains, but remains supported near $0.0330

Bitcoin and the crypto market cap started a strong upward move. Ethereum (ETH), binance coin (BNB), BCH, tron (TRX), litecoin, ripple, and EOS are likely to gain bullish momentum.

Bitcoin Cash Price Analysis

After settling above the $400 level, BCH price consolidated in a range for a few sessions against the US Dollar. The BCH/USD pair started a fresh rise and recently managed to clear the $415 and $420 resistance levels. The price is now trading above the $425 level and it could continue to rise.

On the upside, the next key resistance is near the $440 level, above which the price could easily test the $450 resistance level in the near term.

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

EOS price formed a decent support near the $5.850 level and recently climbed above the $5.950 and $6.000 resistance levels. The price now needs to break the $6.080 and $6.100 resistance levels to start a strong rise in the coming sessions. The next key resistance on the upside is near the $6.280 level.

Tron price rallied more than 10% yesterday and tested the $0.0360 level. However, TRX price failed to continue higher and recently corrected below the $0.0350 and $0.0342 support levels. The price is now trading near the $0.0330 support level and it might soon start a fresh increase in the near term.

Binance coin (BNB) consolidated above the $32.50 support level for a few sessions. Finally, BNB price climbed higher and broke the key $33.00 resistance level. The price is now trading well above the $33.20 level and it may soon test the $34.00 and $34.50 levels.

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

Looking at the total cryptocurrency market cap 4-hours chart, there was a steady rise above the $310.0B resistance level. The market cap recently gained bullish momentum and broke the key $325.0B resistance level plus a contracting triangle near the $318.0B level. It opened the doors for more gains and the cap rallied above the $340.0B level. It seems like there could be more upsides towards the $350.0B level in the coming sessions. Therefore, bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX are likely to gain further.

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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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