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Key points
- The total market crypto cap broke the key resistance level close to $ 105.00B.
- The EOS price rose by around 3%, but is still trading below the resistance of $ 2.00.
- The cash price of Bitcoin is currently consolidating just below the $ 100 resistance area.
- Tron (TRX) remained confined to a narrow range above the $ 0.0130 support.
- The price of Cardano (ADA) is back above $ 0.0300 and has gained almost 3% recently.
The upper limit of the crypto market has moved higher recently than above a key resistance. Bitcoin, Ethereum and altcoin such as EOS, Tron (TRX) and Cardano (ADA) may perhaps rise higher in the short term.
Bitcoin cash price analysis
The cash price of Bitcoin has failed to stay above the $ 100 level and has recently declined by more than 3%. BCH / USD traded towards $ 98 support and is currently consolidating losses. If there are more losses, the price could test the $ 95 support in the short term.
On the upside, the price must gain strength beyond the $ 100 and $ 105 resistance levels. Over $ 105, the next key resistance for buyers is near the $ 110 level.
Price analysis EOS, Tron (TRX) and ADA
After a sharp decline, the EOS price found support close to the $ 1.50-1.60 area. Subsequently, the price has recovered above $ 1.75, but appears to be in difficulty near the resistance levels of $ 1.95 and $ 2.00. Today it has risen by around 3.5%, but a break above $ 2.00 is needed for a sustained uptrend.
The price of Tron was surprisingly confined to a narrow range above the $ 0.0130 support. Buyers are struggling to break the $ 0.0135 level and sellers find it difficult to break the $ 0.0130 support zone.
The price of Cardano survived and exceeded the resistance of $ 0.0300. The ADA price is currently up 2.5% and may continue to rise towards resistance levels of $ 0.0310 and $ 0.0315.
Looking at the maximum time chart of the cryptocurrency capital cap market, there was a break above an important bearish trend line with resistance near the $ 105.00B level. Market capitalization rose higher, but failed near the 50% Fibra retracement level of the recent decline from $ 115.09 to $ 102.05 billion. It is currently moving lower, but sooner or later, there may be a new upward move. Therefore, there are chances of a short-term recovery in Bitcoin, Ethereum, litecoin, ripple and other short-term altcoins.
