Bullish breakout in the crypto market: XLM, BCH, EOS, TRX price analysis.

[Paha87]

The cryptocurrency market seems to be expecting a break up, with bullish movement of BTC and ETH. XLM has been showing growth recently, while BCH, EOS, XRP and TRX remain above support.

The total market capitalization of the cryptocurrency is above the support level of $128.0 billion.
The BCH price recently recovered and was trading above the resistance of $132
The price of EOS is currently above the support level of $3.70
The price of Stellar (XLM) rose by more than 10% and overcame the key resistance area of $ 0,1000
Tron (TRX) is currently consolidating near the support level of $0.0230

Bitoin Cash price analysis

Last week, the price of BCH rose markedly and rose above the resistance of 128 and 130 dollars. The BCH/USD pair is currently trading above the $132 level, and it looks like there may be more profit to the $135 resistance in the near term.

However, the main resistance is around $ 138-140 for more upward movement. If the pair fails to rise higher, there is a possibility of a downward correction below the support level of $ 130.

Stellar (XLM), EOS and Tron (TRX)

Last week, the price of EOS gained momentum and overcame the resistance levels of $3.50 and $3.60. The price even overcame the resistance levels of $3.70 and $3.75 before starting a short-term correction. It is currently trading well above the support of $ 3.70, and in the short term there is a possibility of movement to the resistance level of $ 3.80 or $ 3.85.

The price of the stellar token also showed good results and rose above the resistance levels of $0.0900 and $0.0950. The XLM price rose by more than 10% and it even exceeded the resistance level of $0.1000 to move into the positive zone. The current price movement is positive and it seems that the price may rise to the resistance level of 0.111.

Tron remains in the range above the support level of $0.0220. The price of TRX recently rose above $ 0.0230, but met strong resistance near the resistance levels of $ 0.0235 and $ 0.0240. It looks like the price is preparing for the next key breakout, either above $ 0.0240 or below $ 0.0220.

Capitalization of the stock market

If you look at the hourly chart of the total market capitalization of the cryptocurrency, then after testing the support level of $124.0 billion, there is a sharp upward movement. Market capitalization jumped above the resistance level of $126.0 million and $128.0 billion.. However, the $ 130.0 billion level acts as a strong resistance and hinders further growth.

In the short term, a downward correction is possible before another attempt can be made to overcome the resistance of $ 130.0 billion. On the other hand, key support levels are close to $128.0 billion and $126.0 billion.

Link - https://altstake.io/news/bychiy-proryv-na-kriptorynke-analiz-cenxlm-bch-eos-trx