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Crypto Market Consolidating Gains: Bitcoin Cash, BNB, EOS, TRX Price Analysis



  • The total crypto market cap rallied above the $200.0B and $210.0B levels before correcting lower.
  • Bitcoin price tested the $7,500 resistance level and recently corrected towards $7,000.
  • EOS price tested the $5.50 resistance level and it is currently well above the $5.20 support.
  • Binance Coin (BNB) recovered nicely and it is now trading above the $21.20 resistance level.
  • Bitcoin cash price is currently holding gains above the $285 and $290 support levels.
  • Tron (TRX) price is back above the $0.0240, but it must clear the $0.0250 resistance level.

The crypto market cap remains well supported, with positive moves in bitcoin (BTC) and Ethereum (ETH). Binance coin (BNB), BCH, tron (TRX), litecoin, ripple, and EOS are placed above key supports.

Bitcoin Cash Price Analysis

There was a sharp upward move in bitcoin cash price above the $300 and $320 resistance levels against the US Dollar. The BCH/USD pair even spiked above the $340 resistance and settled well above the $350 resistance…





Read Full Story : NewsBTC

2019-05-13 05:00:32

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