Crypto Market Update: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

The total crypto market cap tested the $117.50B resistance and later corrected lower.
EOS price is currently correcting lower and it may test the $2.40 support level.
Bitcoin cash price tested the $130 resistance and it is currently moving lower towards $126.
Tron (TRX) price remains in an uptrend and it could accelerate towards the $0.0300 level.
Cardano (ADA) price settled above $0.0420 and it is currently consolidating in a tight range.

The crypto market started a downside correction after yesterday’s recovery. Bitcoin (BTC), EOS, Ethereum, BCH, ripple, ADA and altcoins are approaching key supports where buyers could emerge.
Bitcoin Cash Price Analysis
Bitcoin cash price made a nice upward move above $126 and $128 against the US Dollar. BCH/USD even broke the $130 resistance level, but it failed to gain strength above the $132 resistance. Later, there was a downside correction and the price dipped below $130.
An initial support is at $128, below which there is a risk of an extended decline to $126 or $125. On the upside, buyers need to clear the $130 and $132 hurdles for more gains.
EOS, Tron (TRX) and ADA Price Analysis
EOS price traded towards the $2.50 resistance recently, where sellers emerged. The price is currently correcting lower below $2.45 and it may continue to decline towards the $2.40 or $2.35 support levels.
Tron price remained in the bullish zone above the $0.0250 and $0.0260 support levels. TRX is currently consolidating and it may soon make another attempt to surpass the $0.0280 and $0.0300 resistances.
Cardano price settled above the $0.0420 support level. However, ADA is struggling to surpass the $0.0440 and $0.0450 resistance levels, above which the price could rally towards the $0.0500 level.

Looking at the total cryptocurrency market cap hourly chart, there was a failure near the $117.00B and $117.50B resistance levels. The market cap started a downside correction and traded below $115.00B. However, it seems like there are many supports on the downside near the $114.00B and $112.50B levels. Therefore, dips in bitcoin, ETH, XRP, tron, litecoin, EOS, stellar, IOTA and other altcoins remain supported in the near term.
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Cardano [ADA] Technical Analysis: Token dwelling in the bearish zone despite a slight rise

The top-ten cryptocurrencies on the CoinMarketCap has witnessed a modest leap in its valuation in the last 24 hours along with the eleventh-largest digital currency Cardano [ADA]. After a momentary decline in its price in the evening of 23 January, ADA has managed to gear up steadily, exhibiting a bullish second half later that day.
At the time of writing, ADA held a market cap of $1.12 billion, priced at $0.043. The trading volume recorded for the coin was $22.03 million with a slim gain of 1.92%.
1-hour
Source: Trading View
During the one-hour time frame, Cardano [ADA] registered a low-key uptrend from of $0.042 to $0.044, the corresponding downtrend recorded was from $0.046 to $0.044. Immediate resistance was marked at $0.044 and that of immediate support at $0.043.
The Bollinger Bands predicts a rise in price volatility for the ADA coin during the mid of 23, January. This indicates a potential price fluctuation in the already unstable crypto market.
The Klinger Oscillator also marks the coin following a bearish pattern with the signal line treading above the reading line.
Further, the Awesome Indicator graph also depicts a bearish trend with the lines in red.
1-day
Source: Trading View
Cardano [ADA] experienced a significant uptrend of $0.043 from $0.030. However, the coin fell through massively and sustained a downtrend from $0.081 to $0.051. The coin held an initial resistance at $0.046 and the support at $0.041.
With dotted lines aligned right above the candles, Parabolic SAR depicts the coin in the bearish sphere despite early morning gains.
The MACD indicator pictures a bearish spiral for the coin with the MACD line positioned below the Signal line.
The Chaikin Money Flow, predicts a bearish market for ADA with the graph hovering a little below the zero-line, indicating a flush out of money from the market.
Conclusion:
Although the CMF indicator indicates the coin heading towards a bullish zone in the near future, with the graph very close to the zero-line, all the other indicators for the two time periods showed a strong pull towards the bear’s territory.
The post Cardano [ADA] Technical Analysis: Token dwelling in the bearish zone despite a slight rise appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Tumbles: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

The total crypto market cap made a sharp U-turn and declined below the $115.00 support.
EOS price is down around 5% and it broke the $2.45 and $2.40 support levels.
Bitcoin cash price is under pressure and it recently broke the $125 support level.
Tron (TRX) price failed to stay above the $0.0250 support and it could revisit $0.0220.
Cardano (ADA) price declined more than 6% below the $0.0450 support level.

Bitcoin and the whole crypto market fell sharply in the past few hours. BTC, Ethereum, ripple, EOS, BCH, ADA and altcoins are currently under a lot of selling pressure.
Bitcoin Cash Price Analysis
Bitcoin cash price failed to stay above the $130 support level and recently started a sharp decline against the US Dollar. BCH/USD declined below the $126 and $125 support levels to move into a bearish zone. The price is down around 5.5% and it may continue to move lower towards the $120 or $118 support levels.
If there is an upside correction, the previous supports near the $125 and $126 levels may now act as barriers for buyers in the near term.
EOS, Tron (TRX) and ADA Price Analysis
EOS price is down around 5% after it failed to gain pace above the $2.65 resistance. The price declined below the $2.50 and $2.40 support levels. The next key support is at $2.30 where buyers are likely to emerge.
Tron price trimmed most of its recent gains and declined below the $0.0260 and $0.0250 support levels. TRX price is down 3.5% and it seems like it may continue to decline towards the $0.0220 support.
Cardano price fell more than 6% after it broke the $0.0460 support. ADA price is now trading near the $0.0430 level, with an immediate support at $0.0420. The next major support is at $0.0412, followed by $0.0405.

Looking at the total cryptocurrency market cap hourly chart, there was a sharp downside reaction from well above the $122.00B level. The market cap dipped sharply below the $120.00B support and a major bullish trend line on the same chart. It opened the doors for more losses and the market cap reached the $112.00B support level. There may be a short term correction, but upsides in BTC, ETH, tron, litecoin, EOS, ripple, XLM, IOTA and other altcoins remain capped.
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Bold Price Predictions For Stellar (XLM) and Cardano (ADA) in 2019

Crypto predictions are always taken with a pinch of salt. They are essentially just guesswork based on a few fundamentals and snapshots of the market at any given time. There is no doubt though that predictions for future prices of crypto assets are incredibly popular, and the latest from Finder have made some bold assertions.
Stellar and Cardano up, Litecoin and Neo down
Using a panel of industry insiders Finder has set out to publish an updated list of insights for various cryptocurrencies each month. For this, their first month, the panel of six have analyzed and will predict movements of eleven crypto assets with a predicted change in price between now and the end of the month and one for the end of 2019. Panelists include Ben Ritchie COO of Digital Capital Management, Fred Schebesta, CEO and Cofounder, of Finder.com, and technologist Joseph Raczynski.
In the short term most altcoins are predicted to drop further by the end of January with the exception of Stellar and Cardano which they expect to climb by 84% and 43% respectively by February 1st. The caveat, however, is that there is no fundamental reasoning to back up these bold predictions, the article just posts the figures.
All of the other altcoins examined are predicted to fall in the next two weeks with Tron predicted to dump the most at 52%. This one is bizarre considering TRX has been one of the better recovering crypto assets during the bear market. Over the past month alone it has recovered 78%. The inclusion of Dogecoin is also a little strange as is the exclusion of IOTA or DASH but it is there and has been predicted to lose 47% by February first.
The longer term predictions are more interesting with dollar and percentage gains guessed for the end of December 2019. According to the panelists Stellar Lumens is expected to surge 260% ending the year at $0.41. Big gains have also been predicted for Cardano which will end the year at $0.08, 91% higher.
Bitcoin will end the year up 84% at $6,947 according to the team and EOS up 77% to $4.68. Ethereum is only expected to make 55% back by the end of 2019 taking it over $200 again but only just with a market capitalization of just over $20 billion. XRP is not expected to do that well either in 2019 with a 44% gain to $0.52 predicted.
A few altcoins have been predicted to end the year even lower than they are now, with DOGE losing the most dumping a prophesied 75%.  According to the panel 2019 will be a bad year for Litecoin and NEO also with losses of 23% and 26% respectively.
Price predictions are just that, a stab in the dark. It would be interested to see how many of these panelists have put their money where their predictions are. XLM would be the prime bet for all of them it seems.

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Crypto Market Gains Traction: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

The total crypto market cap found support near $112.00B and recovered above $120.00B.
EOS price is up more than 8% and it may extend gains above the $2.50 resistance.
Bitcoin cash price is back above the $130 level and it could test the $135 and $138 resistances.
Tron (TRX) price rallied close to 10% and cleared the $0.0250 resistance.
Cardano (ADA) price found support above $0.0400 and recovered above $0.0430.

EOS and Tron (TRX) are gaining bullish momentum as the crypto market recovers nicely. Bitcoin, BCH, Ethereum, and altcoins like XLM and Cardano (ADA) may extend gains.
Bitcoin Cash Price Analysis
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.
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Blockstream’s satellite to become more flexible, efficient and optimized after satellite software update

Bitcoin’s wireless broadcast footprint has substantially increased ever since Blockstream’s satellite launch. According to an update from Adam Back and the official Blockstream account, the satellite will receive an update on January 16, 2019.
Blockstream tweeted on January 13, 2019, stating that the satellite will undergo a service disruption due to an update that will take place on January 16, between 12 PM and 1 PM EST.
The update is meant to fix some bugs and bring online a more flexible protocol. Moreover, the update will add API support [#SatelliteAPI] and also include a FIBRE update as per the tweet. The users will need to update to a new version of the software called “Satellite software v1.1.0”.
Adam Back, a cypherpunk, cryptographer, and the co-founder/CEO of Blockstream.com tweeted:
“this new @blockstream satellite code release broadcasts transactions before blocks, using compact blocks and a newer version of FIBRE. (transactions first was a commonly asked for #blockstreamsatellite feature). using compact blocks also reduces block transfer latency by >10x”
The Blockstream Satellite network broadcasts the Bitcoin blockchain around the world 24/7 for free, protecting against network interruptions and providing anyone in the world with the opportunity to use Bitcoin. Blockstream had previously announced that it had launched its fifth satellite on December 17, 2018.
The API service will be up and running after this update and the users can pay for this service using micropayments via the Lightning Network.
With these satellites, there is no need for a physical internet connection which is usually obtained from ADSL connections and fiber optic networks.
@futjrn, a Twitter user commented:
“I’ve ordered my parts and got the go ahead to put on top of the CEC building in the Caymans.
I’ll do this one and then 2 more to triangulate in the cayman islands :)”
@mace894, another Twitter user commented:
“when will I be able to mine and submit block hashes remotely using a dish? blockstream should make a satellite compatible mining-pool.”
The post Blockstream’s satellite to become more flexible, efficient and optimized after satellite software update appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Update: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis

Key Points

The total crypto market cap declined recently and tested the $130.00B support.
Litecoin (LTC) price started consolidating gains after testing the $40 resistance.
Bitcoin cash price declined 4% and traded below the $60 support.
Tron (TRX) extended gains and traded above the $0.0235 resistance level.
Cardano (ADA) price trimmed gains and traded below the $0.0480 support.

Bitcoin cash started a downside correction below $160. BTC, Ethereum, ripple, Litecoin (LTC), Tron (TRX) and Cardano (ADA) trading nicely above key support levels.
Bitcoin Cash Price Analysis
Bitcoin cash price failed to clear the $165 and $170 resistance levels against the US Dollar. BCH/USD started a downside correction and traded below the $160 support. The price is down more than 4% and it may continue to move lower towards the $155 and $150 support levels.
On the upside, a break above the $160-162 zone may clear the path for a push towards the $170 resistance. A proper break above the $170 barrier is needed for an upside acceleration.
Litecoin (LTC), Tron (TRX) and ADA Price Analysis
Litecoin price gained heavily recently and surged above the $34 and $36 resistance levels. LTC even tested the $40 resistance and later started a downside correction. The main supports on the downside are at $36 and $34.
Tron price remained in the green zone and traded above the $0.0235 resistance levels. TRX price may perhaps continue to move higher towards the $0.0245 and $0.0250 resistance levels.
Cardano price started a downside correction after testing the $0.0500 resistance levels. ADA is currently trading below the $0.0480 support and it seems like it may extend the correction. The next key support is at $0.0455, below which the price may decline towards the $0.0420 support.

Looking at the total cryptocurrency market cap hourly chart, there was a rejection near the $137.00B level. The market cap started a downside correction and moved below the $135.00B level. However, the $130.00B support is acting as a solid barrier. There is also a bullish trend line with support at $129.00B on the hourly chart. Therefore, Bitcoin, Ethereum, EOS, litecoin, ripple, and other altcoins remains supported on the downside and they might bounce back in the near future.
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Coinbase Announces Rollout in Six New European Markets

CoinSpeaker

Coinbase Announces Rollout in Six New European Markets

Coinbase said Thursday it had expanded its product to several European countries and overseas territories, including Lithuania, Iceland, Andorra, Gibraltar, Guernsey and the Isle of Man.

Coinbase Announces Rollout in Six New European Markets

Continue reading at Coinspeaker
Source: CoinSpeaker

Crypto Market Update: Bitcoin Cash Rally, Tron (TRX), ADA, IOTA Price Analysis

Key Points

The total crypto market cap is showing positive signs and it recently moved towards $135.00B.
Bitcoin cash surged higher by more than 50% and broke the $200 resistance.
Tron (TRX) cleared the $0.0175 resistance and it could head towards $0.0200.
Cardano (ADA) price broke the key $0.0400 resistance level.
IOTA (MIOTA) gained more than 20% recently and surpassed the $0.3250 resistance.

Bitcoin cash rallied above $200 and it could extend gains towards $240. Ethereum, ripple, Litecoin (LTC), Tron (TRX), IOTA and Cardano (ADA) remain in a solid uptrend.
Bitcoin Cash Price Analysis
Bitcoin cash price was the best performing cryptocurrency in the past two days. BCH/USD gained more than 100% from the $80 support area and it recently broke the $150 and $200 resistance levels. The price is currently trading above $210 and it could continue to move higher towards the $225 or $240 resistance.
If there is a downside correction, an initial support is near the $200 level, below which the next major support awaits at $180.
Tron (TRX), ADA and IOTA Price Analysis
Tron price started a solid upward move and broke the $0.0165 and $0.0175 resistance levels. TRX price is currently trading above the $0.0180 level and it seems like there could be more upsides towards $0.0188 or $0.0200.
Cardano price jumped sharply above the $0.0320 and $0.0350 resistance levels. More importantly, ADA price traded above the $0.0400 barrier and placed itself in a positive zone.
IOTA (MIOTA) started a major bullish wave after forming a support base near the $0.2400 level. The price rallied above the $0.3000 and $0.3200 resistance levels. The next major resistance is at $0.3600 followed by $0.3820.

Looking at the total cryptocurrency market cap hourly chart, there were continuous gains above the $120.00B pivot level. The market cap rallied above the $130.00B level and tested the $135.00B level. It is currently following a major bullish trend line with support at $125.00B and signaling more upsides in the coming sessions. Therefore, there could be more gains in bitcoin, Ethereum, EOS, ripple, litecoin, BCH, BCHSV, XLM, and other altcoins in the short term.
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Crypto Market Update: Stratis (STRAT), Stellar (XLM), Bitcoin Cash, ADA Price Analysis

Key Points

The total crypto market cap spiked towards $125.00B before correcting lower.
Stratis (STRAT) rallied more than 40% and traded above the $1.30 resistance.
Bitcoin cash surged higher and broke the $120 and $128 resistance levels.
Stellar (XLM) price traded above the $0.1250 resistance before correcting lower.
Cardano (ADA) price rallied and settled above the $0.0350 resistance.

Bitcoin cash rallied above the $125-130 resistance and it may continue higher. Stratis (STRAT) surged roughly 40%, and Ethereum, ripple, Stellar (XLM), EOS and Cardano (ADA) remain above key supports.
Bitcoin Cash Price Analysis
The past two days were super bullish for bitcoin cash as it rallied above the $100 and $120 resistance levels. Today, it gained more than 20% and broke the $130 and $135 resistances. BCH is currently trading near the $140 level and it remains supported on dips.
After a minor downside correction, it seems like the price may accelerate above the $140 and $145 resistance levels. On the downside, the key supports are at $132 and $125.
Stratis, Stellar (XLM), Bitcoin Cash, ADA Price Analysis
Stratis performed really well recently and rallied more than 40%. STRAT broke the $1.15 and $1.25 resistance levels to move into a positive zone. It is currently trading above $1.30 and it may continue to rise towards $1.35 or $1.40.
Stellar price gained bullish momentum above the $0.1200 resistance level. XLM traded above the $0.1220 and $0.1250 resistance levels, but it faced a strong resistance near $0.1265. It later corrected below $0.1200 and currently consolidating above the $0.1150 support.
Cardano price pumped above the $0.0320 and $0.0350 resistance levels. ADA traded close to the $0.0380 level and later corrected lower. It remains well supported near the $0.0350 and $0.0320 levels.

Looking at the total cryptocurrency market cap hourly chart, there was a significant upward move above the $115.00B and $120.00B resistance levels. The market cap touched the $126.70B level and later corrected lower. However, there are many support supports on the downside near $116.00B and a bullish trend line on the same chart. Therefore, it seems like dips remain supported in Bitcoin, Ethereum, litecoin, EOS, stellar, ripple, and other altcoins in the short term.
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Crypto Market Extend Gains: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis

Key Points

The total crypto market cap climbed higher and broke the $120.00B resistance.
Litecoin (LTC) price rallied recently and broke the $30 resistance level.
Bitcoin cash price surged more than 25% and cleared the $110 resistance.
Tron (TRX) rallied above the $0.0140 and $0.0150 resistance levels.
Cardano (ADA) price extended gains above the $0.0350 resistance.

Bitcoin cash rallied recently above $100 and $115. Litecoin (LTC), Tron (TRX), EOS and Cardano (ADA) are gaining pace and they might continue to move higher.
Bitcoin Cash Price Analysis
Bitcoin cash price formed a solid support near the $80 level this past week and later recovered above $90. The upside move was positive as the BCH/USD pair broke the $100 resistance as well. It gained more than 25% in the past few hours and broke the $115 resistance.
On the upside, the next resistance is at $120, above which it could test the $125 resistance. On the downside, an initial support is at $110, below which the price may find strong bids near $105 and $100.
Litecoin (LTC), Tron (TRX) and ADA Price Analysis
Litecoin price started a major upward move and traded above the $25 and $28 resistance levels. LTC price even broke the $30 resistance and it is currently facing hurdles near the $32 and $35 levels.
Tron price finally made a nice bullish move and jumped above the $0.0140 and $0.0150 resistance levels. The price is currently up around 8% and it could soon break the $0.0175 resistance for an upside extension.
Cardano price rallied after it settled above the $0.0300 support. ADA gained pace above the $0.0320 resistance and broke the $0.0350 resistance. It is currently up around 8% to $0.0362 and buyers might push the price towards $0.0380.

Looking at the total cryptocurrency market cap hourly chart, there was a solid upward move above the $110.00B and $115.00B resistance levels. The market cap even cleared the $120.00B resistance and tested the $121.50B level. In the short term, there could be a minor downside correction, but the $115.00B and $114.00B levels are decent supports. Therefore, Bitcoin, Ethereum, EOS, litecoin, ripple, and other altcoins could correct lower in the short term, but dips remain supported.
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Cardano 1.4 launched; claims to change data storage and management

Cardano [ADA] is climbing the on-chain developments and after a long bear market, the coin is seeing the greener side of the market. Today, December 18, Cardano has launched the much-awaited update, Cardano 1.4.
The update encompasses an increase in storage capacity along with other code fixes. The update leads the way for a full decentralization during Project Shelly.
The news about the update was announced on a Cardano forum website. The blog also shared that Daedalus, ADA wallet, now supports Linux. The update was tested against Ubuntu 18 and Fedora 28 and is assumed to work with other major distribution.
The blog also mentioned that the backend of Daedalus and Cardano SL has been rewritten completely and has been tested on the formal specification for Cardano wallet 3. It will bring performance improvements, reliability and improve input selection for transaction creation. The updated version of Cardano SL includes a rewritten v1 API, making it the default now and the older version, v0 API will be depreciated in one of the future releases.
The report claims to change the way how wallet data is stored and managed. This will lead all the wallets to be restored and synchronized with Cardano blockchain’s history, which will take place automatically. This update will be delivered to the current Cardano users through Daedalus update system.
At the time of press, the coin was valued at $0.0326 with a market cap of $845 million. ADA registered a 24-hour trade volume of $80 million with a growth of 7.63%. The coin also registered an overall growth of 7.63% over seven days.
The coin was traded in high volumes on ZB.com with a trading volume of $53 million with ADA/BTC pair. ZB.com was followed by ZBG and registered a trading volume of $10 million with ADA/USDT pair. The third place was acquired by Binance with $7 million volume on ADA/USDT pair.
ADA ranks on the eleventh position on the CoinMarketCap list and has plunged by 0.18% over the past hour, at the time of press.
The post Cardano 1.4 launched; claims to change data storage and management appeared first on AMBCrypto.
Source: AMB Crypto

Tether [USDT] pairs with Tron [TRX], Cardano [ADA] on Binance

Binance, the biggest cryptocurrency exchange in the world added two new pairs of the stable coin, Tether [USDT], which sits on the sixth position on the cryptocurrency rankings. In its official announcement, Binance also warned investors against the risk that is present in the cryptocurrency market wherein it wrote:
“Risk warning: cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Binance will make best efforts to choose high quality coins, but will not be responsible for your investment losses.”
Tron and Cardano, the newly added pairs with USDT have had their own struggles with each other as they vie for the tenth spot on the cryptocurrency rankings. About two weeks back, TRX surpassed ADA to claim its position in the top-10 coins.
There is a gap of merely a million dollars in the market caps of both the coins as Tron’s market cap is calculated at $9.6 million whereas Cardano’s market cap currently remains at $8.7 million. The 24-hour trade volume of both the coins differ by about $5 million wherein Tron has more trade volume than ADA.
On the reports related to Binance, the news recently came out that it is one of the only cryptocurrency exchanges, apart from Bitfinex that does not fake its cryptocurrency trade volume. Moreover, the report published by Blockchain Transparency revealed that most of the top-25 cryptocurrency exchanges display fake trade volumes on their charts.
CoinMarketCap [CMC], that still remains one of the most popular crypto-data collectors in the blockchain space has come across many allegations of displaying manipulated figures. The report marked this trait of the online portal and confirmed the claims made earlier regarding price manipulation and fake figures of CMC.
Xrp33AG66global, a Twitter user commented:
“Xrp which is bigger in market, popularity and soon to be 1, doesn’t get a pair it doesn’t make sense?”
TSejdiu, another Twitter user said:
“Is there more coins coming with usdt and bnb maybe Salt coin bitcoin diamond and monero!?”
The post Tether [USDT] pairs with Tron [TRX], Cardano [ADA] on Binance appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Turns Green: EOS, Cardano (ADA), Stellar (XLM), Dogecoin Price Analysis

Key Points

The total crypto market cap bounced back and moved above the $110.00B resistance zone.
EOS price rallied more than 30% and climbed above the $2.50 resistance.
Cardano (ADA) price moved above the $0.0300 and $0.0320 resistance levels.
Setllar (XLM) gained more than 15% and traded above $0.1100.
Dogecoin price rallied more than 20% and climbed above $0.0025.

The total crypto market cap surged higher above $110.00B. Bitcoin, Ethereum, ripple and altcoins like EOS, Cardano (ADA), Stellar (XLM) and Dogecoin rallied sharply.
EOS Price Analysis
After struggling a lot below the $2.00 resistance, EOS price finally formed a support base for a solid rally. The price gained pace above the $2.00 resistance and broke the $2.20 and $2.50 resistance levels. It is currently up more than 30% and it seems like there could be more gains towards $3.00.
On the downside, the $2.40 level may act as a short term support if there is a bearish correction. Below $2.40, the next key support is near the $2.20 level.
Cardano (ADA), Stellar (XLM), Dogecoin Price Analysis
Cardano price finally settled above the $0.0300 resistance level. ADA price gained more than 15% and traded above the $0.0320 resistance. The next stop for buyers could be near the $0.0350 level.
Stellar price formed a solid support above the $0.1000 level and rallied above the $0.1050 and $0.1100 resistance levels. On the upside, the next major resistance for buyers could be $0.1150 or $0.1200.
Dogecoin formed a solid support near the $0.0020 level and later started an upward move. DOGE price rallied more than 20% recently and traded close to the $0.0027 level. It may correct lower in the short term, but dips remain supported near $0.00240 and $0.00220.

Looking at the total cryptocurrency market cap hourly chart, there was a solid upward move above the $105.00B and $110.00B resistance levels. More importantly, there was a break above a crucial bearish trend line at $100.00B on the same chart. The market cap touched the $114.25B level and it seems like there could be more upsides. Therefore, there are chances of more upsides in Bitcoin, Ethereum, EOS, litecoin, ripple, XLM and other altcoins in the near future.
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Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis

Key Points

The total crypto market cap broke the key resistance level near $105.00B.
EOS price is up around 3%, but it is still trading below the $2.00 resistance.
Bitcoin cash price is currently consolidating just below the $100 resistance area.
Tron (TRX) remained confined in a tight range above the $0.0130 support.
Cardano (ADA) price moved back above $0.0300 and gained close to 3% recently.

The total crypto market cap moved higher recently above a key resistance. Bitcoin, Ethereum and altcoins like EOS, Tron (TRX) and Cardano (ADA) may perhaps climb higher in the near term.
Bitcoin Cash Price Analysis
Bitcoin cash price failed to stay above the $100 level and it recently declined more than 3%. BCH/USD traded towards the $98 support and it is currently consolidating losses. If there are more losses, the price could test the $95 support in the near term.
On the upside, the price must gain strength above the $100 and $105 resistance levels. Above $105, the next key resistance for buyers is near the $110 level.
EOS, Tron (TRX) and ADA Price Analysis
After a sharp decline, EOS price found support near the $1.50-1.60 area. Later, the price recovered above $1.75, but it seems to be struggling near the $1.95 and $2.00 resistance levels. Today, it climbed around 3.5%, but a break above $2.00 is needed for a sustained bullish bias.
Tron price surprisingly remained confined in a tight range above the $0.0130 support. Buyers are struggling to break the $0.0135 level and sellers are finding it difficult to break the $0.0130 support zone.
Cardano price survived and moved back above the $0.0300 resistance. ADA price is currently up around 2.5% and it could continue to move higher towards the $0.0310 and $0.0315 resistance levels.

Looking at the total cryptocurrency market cap hourly chart, there was a break above a major bearish trend line with resistance near the $105.00B level. The market cap climbed higher, but it failed near the 50% Fib retracement level of the recent decline from the $115.09B to $102.05B. It is currently moving lower, but sooner or later, there could be a fresh upward move. Therefore, there are chances of a short term recovery in Bitcoin, Ethereum, litecoin, ripple, and other altcoins in the near term.
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