Bitcoin cash price found support near the $120 level and later started a decent recovery against the US Dollar. BCH/USD gained around 5% and broke the $130 resistance level. It seems like the price may continue to grind higher and it could test the $135 and $138 resistances.
If there is a downside correction, the $130 and $128 levels may act as supports, below which the price may move back in a bearish zone.
EOS, Tron (TRX) and ADA Price Analysis
EOS price surged more than 7% recently and broke the $2.35 and $2.40 resistances. The current price action is positive and it seems like the price may extend gains above the $2.50 resistance.
Tron once again gained bullish momentum and rallied close to 10%. TRX price cleared the $0.0240 and $0.0250 resistance levels to move back in a positive zone. On the upside, the next resistances are at $0.0265 and $0.0280.
Cardano price found support near the $0.0400 level and it recently recovered nearly 6%. ADA price is currently trading above the $0.0425 resistance, with a bullish angle. If buyers break $0.0440, the price may climb above $0.0450 and $0.0460.
Looking at the total cryptocurrency market cap hourly chart, the $112.00B level acted as a strong support and produced a sharp upward move. The market cap broke the $118.00B resistance and a bearish trend line. At the outset, the cap is consolidating near $120.00B, and a break above $122.00B might open the doors for a push towards $125.00B and $127.5B. Therefore, there are chances of more upsides in BTC, ETH, tron, litecoin, EOS, ripple, NEO, XLM and other altcoins in the near term.