Crypto Market Cap And Bitcoin Target More Upsides: BCH, BNB, EOS, TRX Analysis
After forming a support base, bitcoin cash price climbed above the $210 resistance area against the US Dollar. The BCH/USD pair tested the $225 resistance area and it is currently consolidating near the $220 pivot level.
If there is an upside break above the $225 resistance area, there are chances of a run towards the $240 and $245 levels. On the downside, there are many supports, starting with the $210 level and up to the $200 handle.
EOS price gained bullish momentum above the $2.500 resistance area. The price even broke the $2.600 level and tested the $2.700 resistance area. It is currently consolidating above the $2.600 level and it could rise towards the $2.85 level. On the downside, the main supports are near the $2.550 and $2.500 levels.
Tron price made a nice upward move above the $0.0155 resistance level. However, TRX price is facing a strong resistance near the $0.0160 and $0.0162 levels. A clear break above the $0.0162 level could set the pace for more upsides towards the $0.0165 and $0.0168 levels.
Binance coin (BNB) is holding the $15.20 and $15.50 support levels. Still, it is struggling to gain momentum above the $16.00 and $16.20 resistance levels. If there is an upside break above the $16.20 resistance area, there are chances of a decent rise towards the $16.80 and $17.00 levels.
Looking at the total cryptocurrency market cap 4-hours chart, there was a slow and steady rise above the $188.0B and $190.0B resistance levels. The crypto market cap seems to be following an ascending channel with support near the $190.0B level. On the upside, a break above the $200.0B resistance could set the pace for a move towards $220.0B.
Therefore, there are chances of another increase in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX in the near term.