Crypto Market Cap And Bitcoin Target More Upsides: BCH, BNB, EOS, TRX Analysis

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  • The total crypto market cap is now placed nicely above the $190.0B support area.
  • Bitcoin price is holding the $7,300 and $7,400 support levels.
  • EOS price is currently consolidating above the $2.600 level and it could rise towards the $2.85 level.
  • Binance Coin (BNB) is struggling to gain momentum above the $16.00 and $16.20 resistance levels.
  • BCH price is currently consolidating near the $220 pivot level.
  • Tron (TRX) price is facing a strong resistance near the $0.0160 and $0.0162 levels.

The crypto market cap and bitcoin (BTC) are showing positive signs. Ethereum (ETH), binance coin (BNB), ripple, BCH, tron (TRX), litecoin and EOS are likely to target more upsides.

Bitcoin Cash Price 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.

Binance Coin (BNB), EOS, Tron (TRX) Price Analysis

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.

Crypto Market Cap Bitcoin

Crypto Market Cap

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.

The post Crypto Market Cap And Bitcoin Target More Upsides: BCH, BNB, EOS, TRX Analysis appeared first on NewsBTC.



by Aayush Jindal on November 29, 2019 at 11:00AM

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