With obstacles faced at the two hundred and fifteen billion-dollar mark ($215B), the entirety of the crypto-market is generally reaching heights. The Bitcoin price rose by five percent (5%), now trading at the eight thousand and two-hundred-dollar ($8200) resistance zone.
While altcoins are having trouble, the EOS price is steadily ascending towards the three dollars ($3) resistance mark. Bitcoin Cash was also raised five percent (5%) higher nearing the two hundred and thirty dollars ($230) resistance mark.
While Tron currently resides close to the $0.0155 mark. Cardano ADA still strives to move past the $0.04 resistance mark.
Crypto market analysis: BCH up but EOS, ADA and TRX shaky
Bitcoin Cash: A recent decline beneath the two hundred and fifteen dollars ($215) support zone was displayed recently. Yet still, the price stayed atop the two hundred and five dollars ($205) support zone, initiating recovery. The mark is now up by five percent with an exchange above the two hundred and twenty dollars ($220) mark.
It is important to note that many resistance levels are expected; at the two hundred and thirty/thirty-five dollars ($230 & $235) marks. To consolidate larger gains, rise above this is required.
ADA, EOS, and TRX
Cardano’s ADA remains currently exchanging in the bears- beneath the 0.04 and 0.042 dollar holding levels. They are correcting higher following the test at the $0.0375 mark. To ensure the uphill movement during the following days, a rise above both the aforementioned holding levels is essential.
The EOS price decreased during the last week beneath the key three dollars ($3) support mark. It observed the next one close to the almost three dollars ($2.85) mark. The price could potentially jump beyond three dollars ($3.05) as it is now gaining momentum.
The TRX price resided above the $0.015 support mark- currently close to 0.0155 dollars, with instant resistance at the 0.0158-dollar level. In case the price surpasses resistance levels of 0.016, it could lead itself towards another resistance mark of 0.0172 dollars.
Crypto market analysis: What to expect?
The subsequent significant obstacle for the bulls could potentially lie at the two hundred and twenty-eight ($228B) billion mark. In case there is none, a decline in the following cryptocurrencies (and others) would be expected:
- Bitcoin Cash
Observing the short-term crypto market analysis chart on total crypto-cap, the two hundred and five billion ($205B) zone appears to be secure support.
Recently, it rose above the two hundred and twelve billion-dollar ($212B). However, resistance was met at two hundred and fifteen ($215B) billion, showing a bear trendline.
To continue reaching higher levels, it might exceed both the resistances at two hundred and fifteen ($215B) billion and two hundred and twenty ($220B) billion.