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Key points
- The total market capitalization showed positive signs and has recently moved towards $ 135.00 billion.
- Bitcoin money has increased by over 50% and broke the resistance of $ 200.
- Tron (TRX) eliminated resistance at $ 0.0175 and could go towards $ 0.0200.
- The price of Cardano (ADA) broke the key resistance level $ 0.0400.
- The IOTA (MIOTA) gained more than 20% recently and exceeded the resistance of $ 0.3250.
Bitcoin money has gathered over $ 200 and could extend earnings to $ 240. Ethereum, ripple, Litecoin (LTC), Tron (TRX), IOTA and Cardano (ADA) remain in a solid uptrend.
Bitcoin cash price analysis
The cash price of Bitcoin has been the best performing cryptocurrency of the last two days. BCH / USD gained over 100% from the $ 80 support area and recently broke resistance levels $ 150 and $ 200. The price is currently trading above $ 210 and may continue to move higher towards the resistance $ 225 or $ 240.
If there is a downward correction, initial support is close to the $ 200 level, below which the next major support waits at $ 180.
Tron (TRX), analysis of ADA and IOTA prices
Tron's price started a solid uptrend and broke resistance levels of $ 0.0165 and $ 0.0175. The TRX price is currently trading above the $ 0.0180 level and it seems there could be more increases towards $ 0.0188 or $ 0.0200.
The price of Cardan rose significantly above the resistance levels of $ 0.0320 and $ 0.0350. More importantly, the price of ADA was traded above the $ 0.0400 barrier and positioned in a positive zone.
The IOTA (MIOTA) started a major bullish wave after forming a support base near the $ 0.2400 level. The price has gathered beyond the resistance levels of $ 0.3000 and $ 0.3200. The next major resistance is at $ 0.3600 followed by $ 0.3820.
Looking at the hourly chart of the total cryptocurrency market cap, there were continuous gains above the pivot level of $ 120.00B. The market capitalization rallied above the $ 130.00 B level and tested the $ 135.00B level. He is currently following an important uptrend line with support for $ 125.00 billion and reporting further disadvantages in the next sessions. Therefore, there could be more gains in bitcoin, Ethereum, EOS, ripple, litecoin, BCH, BCHSV, XLM and other short-term altcoins.
