The cryptocurrency market noted a minor uptick of 0.91% over the past day which drove the collective market cap to $401 billion. Bitcoin and the rest of the altcoins were consolidating and hints of a potential breakout on either side remained appeared bleak.
Bitcoin Cash [BCH]:
Over the past 24-hours, Bitcoin Cash [BCH] noted a minor decline of 0.91%. It was being traded at $265.75 as it held a market cap of $4.93 billion and a 24-hour trading volume of $2.96 billion.
It was oscillating close to a vital resistance level of $266. The dotted markers of Parabolic SAR supported the candles from a price downturn. The RSI, however, formed a bearish divergence as it created an overbought reading shortly after by a lower high that matched corresponding higher highs of the price. Hence, the bias was towards the bears.
If BCH manages to maintain this level of resistance, it could witness a climb to another resistance level of $291. However, if the bears overpower, it could retrace to its support of $223.
Cardano [ADA] started out the second half of the year on an impressive note. It was priced at $0.104 after a dip by 1.22% over the past day and at the time of writing, the coin registered a market cap of $3.24 billion and a 24-hour trading volume of $998 million.
The latest technicals do not seem very optimistic about ADA. The red closing bars of Awesome Oscillator signaled a bullish momentum for the coin in the near-term. The Chaikin Money Flow also slid below the zero-line depicting a bearish phase and hence an outflow of money from the coin market.
ADA’s could see its losses extend to the recently surpassed $0.092 if the bearish pressure gains control while its immediate resistance stood at $0.124.
Bitcoin SV [BSV]:
Bitcoin SV [BSV] fell by 2.54% over the past 24-hours which drove the coin’s price to $175.5 as it recorded a market cap of $3.25 billion and a 24-hour trading volume of $1.24 billion.
BSV, too, was a little below its overhead resistance of $176. The reading line was hovering above the signal line in Klinger Oscillator which depicted a bullish phase for the fork coin. Additionally, the MACD generated a strong buy signal as it formed a bullish crossover over zero. A move by the MACD into bullish territory essentially confirmed that BSV was heading to make more gains.
If this materializes, the token could further target the $203-level as it firmly supported at $142.