Crypto Market Cap Grows by $5Bn In a Sudden Movement!

The crypto market  pumped by more than $5 billion, with rallies in EOS and Bitcoin Cash, Bitcoin, Ethereum, Ripple, Tron, ADA and other Altcoins possibly extending gains.

The total cryptocurrency market cap experienced a momentary downside extension below the $130.0B support level, even testing the $128.2B support level. It then experienced a sharp upward movement and broke the $130.0B resistance level.

Crypto Market Cap: Bitcoin Cash Price Analysis

There was a downside correction in the Bitcoin Cash price from the $165 resistance against the US Dollar, breaking through the $155 support level and played around the $150 support. This is when buyers emerged and as a result the price rallied above the $155 and $160 resistance levels. The price is now trading above the $165 level and could even move toward the $170 level in the short term.

Crypto Market Cap. EOS Price Analysis

EOS has been having an excellent performance run of late after it found a strong support near the $3.50 level, experiencing an increase of more than 10%. It has broken the $3.80 and $4.00 resistance levels and is fast approaching the $4.10 resistance level and a possible challenge at the $4.15 level.

Crypto Market Cap:  Tron (TRX) Price Analysis

TRX is now trading above the $0.0230 resistance, with an immediate resistance near the $0.0235 level. The next step in site is the $0.0240 level.

Crypto Market Cap:  Great Times Ahead for Other Cryptocurrency Coins

More importantly, there was a break above the key $132.5B resistance level which paves the way for more gains, working toward the $135.0B resistance level. Should the $132.5B level act as a support zone it could spell out decent gains in BTC, ETH, XRP, BTC, LTC, and other Altcoins in the near term.

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