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

Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), IOTA Price Analysis

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

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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  • The total crypto market cap broke a major resistance near the $117.00B level.
  • EOS price broke the $2.50 resistance and it may rise towards the $2.62 level.
  • Bitcoin cash price jumped above the $130 level and it might head towards the $135 resistance.
  • Tron (TRX) price is up more than 3% and it seems like it could test $0.0262.
  • IOTA gained more than 6% and it is likely approaching the $0.3250 resistance level.

The crypto market is slowing recovery, with positive signs for bitcoin (BTC) and Ethereum. Similarly, BCH, ripple, and altcoins like IOTA, TRX and ADA may climb higher.

Bitcoin Cash Price Analysis

Bitcoin cash price found a decent support near the $125 level and later started a fresh upward move. BCH/USD recently broke the $130 resistance to move into a positive zone. The price may continue to climb higher and it could test the $135 and $136 resistance levels in the near term.

On the downside, an immediate support is at $130, below which the price could retest the $128 and $126 support levels.

EOS, Tron (TRX) and IOTA Price Analysis

EOS price is trading with a positive tone and it recently broke the $2.45 and $2.50 resistance levels. The next stop for buyers could be $2.62, above which buyers are likely to push the price towards the $2.80 level.

Tron started a fresh upward move and gained around 3%. TRX is trading nicely above the $0.0250 level and it may continue to grind towards the $0.0260 and $0.0265 resistance levels.

IOTA (MIOTA) performed really well recently and traded up by more than 7%. The price is cleared the $0.3050 and $0.3100 resistance levels, opening the doors for a run towards the $0.3250 and $0.3300 resistances.

Crypto Market, bitcoin, ETH, tron, litecoin, EOS, ripple, XLM, ICX, IOTA, TRX

Looking at the total cryptocurrency market cap hourly chart, there was a decent upward move after a test of the $115.00B support level. The market cap gained traction and it recently surpassed a crucial bearish trend line with resistance at $117.20B on the hourly chart. It has opened the doors for more gains towards the $120.00B and $124.00B level. Hence, there are chances of a decent recovery in bitcoin, ETH, tron, litecoin, EOS, ripple, XLM, 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

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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