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Crypto Market Jumps $30 Billion: Bitcoin Cash, BNB, EOS, TRX Price Analysis

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Crypto Market Jumps $30 Billion: Bitcoin Cash, BNB, EOS, TRX Price Analysis

The total crypto market cap surged higher and broke the key $245.0B resistance area.Bitcoin price spiked close to 10% and traded towards the $8,800 resistance area.EOS price tested the $7.00 resistance area and it is currently consolidating gains.Binance Coin (BNB) is slowly moving higher and it is likely to break the $35.00 resistance.Bitcoin cash price surged close to the 10% and rallied above the $420 and $440 levels.Tron (TRX) price is up more than 15% and broke the key $0.0300 resistance area.The crypto market cap surged abov $245.0B and $250.0B, with strong gains in bitcoin (Looking at the total cryptocurrency market cap 4-hours chart, there was a major upside break above the key $245.0B and $250.0B resistance levels. The market cap broke a key bearish trend line and rallied above the $255.0B level. It jumped towards the $265.0B level and it is currently correcting lower. An initial support is near the $256.0B level, below which there is a strong support waiting near the $250.0B level. On the upside, a break above the $265.0B level may push the cap towards the $275.0B level in the coming sessions. Overall, the current market sentiment is very bullish for bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX.

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Author: Aayush Jindal

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