Reason to trust

How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Key Points
- The total crypto market cap climbed further higher and broke the $140.00B level.
- EOS price rallied and tested the $3.00 resistance area.
- Bitcoin cash price settled above the $200 barrier and it is currently consolidating gains.
- Tron (TRX) broke the key $0.0180 and $0.0200 resistance levels.
- Cardano (ADA) price gained 10% and traded close to the $0.0500 resistance level.
The total crypto market cap extended gains above $140.00B. Bitcoin, Ethereum and altcoins like EOS, Tron (TRX), bitcoin cash and Cardano (ADA) are trading with a positive bias.
Bitcoin Cash Price Analysis
Bitcoin cash price was one of the best performers this past week as it broke the $180 and $200 resistance levels. BCH/USD even spiked above the $220 resistance and later corrected lower. It is currently trading nicely above the $200 support, with a bullish angle.
If there is a downside correction below the $200 support, the price may test the $180 support. On the upside, there is a decent resistance formed near $220, above which the price could test $140.
EOS, Tron (TRX) and ADA Price Analysis
EOS price started a solid upward move and broke the $2.50 and $2.80 resistance levels. The price tested the $3.00 resistance and it looks set for more gains above the $3.05 and $3.10 levels.
Tron price started a solid upward move after forming a support base above $0.0150. It broke the key $0.0180 and $0.0200 resistance levels, with chances of more gains above the $0.0220 level.
Cardano price surged above the $0.0350 and $0.0400 resistance levels. ADA price even broke the $0.0470 resistance recently and it seems like there could be more upsides towards the $0.0500 level.
Looking at the total cryptocurrency market cap hourly chart, there was a solid upward move above the $125.00B resistance level. The market can cleared the $135.00B and $140.00B resistance levels and it is currently consolidating near $140.00B. In the short term, there could be a downside correction, but BTC, ETH, litecoin, ripple, EOS, ADA, NEO, and other altcoins remain well supported for an upside ext