As Bitcoin’s dominance rose to 64% several altcoins including Bitcoin Cash, Cardano, and Tron faced minor setbacks in terms of their valuations correcting close to their respective support levels. The global crypto market, however, noted a mild increase of 0.43% over the past day catapulting the figures to $447.4 billion.
Bitcoin Cash [BCH]:
Over the last 24-hours, Bitcoin Cash [BCH] noted a decline of 2.06% drove its price to $257.7. At the time of writing, BCH registered a market cap of $4.78 billion and a 24-hour trading volume of $1.61 billion.
The dotted markers aligned below the BCH candlestick arrangement depicted a bullish phase for the coin. The RSI also rose above the 50-median line depicting a sentiment of high buying pressure among the investors in the coin market.
If the bullish pressure continues, Bitcoin Cash [BCH] could target a crucial barrier of $271 while its support region at $206 held the coin from extended losses.
Cardano [ADA] also dipped by 0.12% over the last day, which drove the price to $0.107 as it held a market cap of $3.35 billion and a 24-hour trading volume of $665 million, at the time of writing.
The continuation of the green closing bars of Awesome Oscillator indicated the rising bullish momentum for ADA in the near-term. Chaikin Money Flow’s spike above the zero-line further depicted a renewed interest in the coin while suggesting an increase in the inflow of capital into the coin marker.
Cardano [ADA] has so far held its ground above its support level of $0.0923. However, bears were aggressively defending $0.1142 resistance, a level from which ADA has been turned down repeatedly. If the bulls manage to surge, the coin could potentially look for breaching this level.
Tron [TRX} surged by a minor 0.05% over the last 24-hours. At the time of writing, the token was priced at while recording a market cap of $1.807 billion and a 24-hour trading volume of $782 million.
TRX has faced repeated rejections at $0.0270. However, on a brighter note, Klinger Oscillator underwent a bullish crossover. In fact, MACD also appeared to be heading for a much-needed bullish crossover.
Hence, if the trend reversal materializes and gains necessary traction, TRX could climb the aforementioned resistance level while it found significant support at $0.0229