May 2, 2019
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Crypto Market Target Additional Gains: EOS, Bitcoin Cash, TRX, IOTA Analysis

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  • The total crypto market cap broke the $168.0B resistance and settled above $170.0B.
  • EOS price is currently facing a strong resistance near the $4.80 and $4.85 levels.
  • Bitcoin cash price is currently correcting recent gains towards the $265 or $260 support.
  • Tron (TRX) price failed to move past $0.0245 and declined towards $0.0235.
  • IOTA started a downside correction below the $0.3000 support level.

The crypto market cap is currently consolidating, with corrective moves in bitcoin (BTC) and Ethereum. BCH, ripple, and altcoins like IOTA, TRX and ADA remains supported on dips.

Bitcoin Cash Price Analysis

Bitcoin cash price rallied earlier this week and broke the $265 and $270 resistance levels against the US Dollar. The BCH/USD pair tested the $275-280 zone and it is currently correcting lower. It broke the $270 level and it seems like the price may test the key $265 support level.

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