Crypto Market Rally As Altcoins Join Party: Bitcoin Cash, XLM, EOS, TRX Analysis

2019-5-16 08:00

The total crypto market cap surged further and tested the key $250.0B resistance level. Bitcoin price is currently consolidating above the $8,000 and $8,100 support levels. Bitcoin cash price surged above the $400 and $425 resistance levels. EOS price is up more than 10% and it recently cleared the key $6.50 barrier. Stellar (XLM) price rallied more than 25% and broke many hurdles near $0.1300 and $0.1400. Tron (TRX) also joined the party and broke the key $0.0250 and $0.0300 resistance levels.

The crypto market cap surged above $250.0B, with gains in major altcoins and bitcoin (BTC). Many coins like Ethereum (ETH), BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) rallied significantly.

Bitcoin Cash Price Analysis

Bitcoin cash price corrected lower yesterday and tested the $380 and $385 support levels against the US Dollar. A support base was formed and the BCH/USD pair started a fresh increase above the $395 and $400 resistance levels. The upward move was strong as the price even broke the $425 resistance.

The price traded close to the $435 level and it is currently consolidating gains near $430. An initial support is at $425, below which the price may perhaps correct towards the $410 support area.

Stellar (XLM), EOS and Tron (TRX) Price Analysis

EOS price is up more than 10% today and it recently broke a few important resistances near the $6.50 and $6.60 levels. The price gained pace above $6.70 and it seems like it could continue to rise towards the main $7.00 resistance area.

Stellar price performed realty well and it gained more than 25% recently. XLM price broke the main $0.1200 and $0.1300 resistance levels to start a significant uptrend. The upward move was such that the price even broke the $0.1500 barrier. The next key resistances are near $0.1550 and $0.1600.

Tron price also started a decent upward move after it broke the key $0.0250 resistance. TRX price is up more than 12% and it climbed above the $0.0300 resistance. The next key resistance for the bulls is near the $0.0340 level.

Looking at the total cryptocurrency market cap hourly chart, there were steady gains above the $220.0B and $225.0B resistance levels. The upward move was such that the price market cap even broke the $250.0B level (as discussed in yesterday’s analysis). The current structure is positive and suggests more upsides above the $250.0B and $255.0B levels in the coming sessions. On the downside, the main support for the bulls is near the $245.0B and $242.0B levels. Overall, the crypto market is clearly in a strong uptrend and there could be more gains in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and other altcoins.

The post Crypto Market Rally As Altcoins Join Party: Bitcoin Cash, XLM, EOS, TRX Analysis appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66994.62 (-0.23%)
Объем 24H $23.987b
Изменеия 24h: 1.21 %, 7d: 10.15 %
Cегодня L: $66739 - H: $67313.92
Капитализация $1319.79b Rank 1
Цена в час новости $ 7180.35 (833.03%)

bitcoin price eos market xlm cash crypto

Источник: newsbtc.com

bitcoin price → Результатов: 126


Bitcoin Price Trajectory: Is a Major Shift Looming? Expert Highlights These Key BTC Trends

Bitcoin, the world’s largest cryptocurrency, finds itself in a precarious position as it approaches the weekly closure, threatening to register its fourth consecutive red candle. This rare occurrence has sparked concerns within the crypto community, prompting experts like Sjuul of AltCryptoGems to analyze Bitcoin’s price action on higher timeframes.

2024-4-28 19:30


Bitcoin (BTC) price prediction after breaching $72k

Bitcoin price forecast points to a possible $82,000. Ten days remain to the much anticipated Bitcoin halving event. Kangamoon, a new meme coin, has raised over $4M in its ongoing presale taking advantage of the crypto hype created by Bitcoin’s price surge Bitcoin (BTC) has been making significant waves in the cryptocurrency market, with its […] The post Bitcoin (BTC) price prediction after breaching $72k appeared first on CoinJournal.

2024-4-8 15:15


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Tether CEO slams Ripple chief’s USDT remarks: Here’s what he said

Tether CEO Paolo Ardoino has slammed Ripple CEO Brad Garlinghouse’s remarks that the US government is “going after” Tether (USDT) as mere “FUD.” The Tether CEO also hit back at Garlinghouse as a CEO at the helm of a company currently under investigation by the US Securities and Exchange Commission (SEC). UDST is the world’s […]

SEC files final response in XRP lawsuit, rejects Ripple’s claims

The United States States Securities and Exchange Commission (SEC)  has filed its final response to its ongoing lawsuit against Ripple. According to the filing, the commission has refuted Ripple’s claims that it acted without recklessness in handling the XRP cryptocurrency.…

SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’

The US Securities and Exchange Commission (SEC) appears to be targeting Ripple’s proposed stablecoin in its latest court filing against the crypto company. In its May 7 redacted remedies reply brief, the regulator described the proposed stablecoin as an “unregistered crypto asset” and further evidence that the company will continue to engage in unregulated activities […] The post SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’ appeared first on CryptoSlate.