- 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.
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.