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You are here: Home / News / Altcoin News / Bitcoin Cash, Cardano, Tron Technical Analysis On 11th November 2020
Bitcoin Cash, Cardano, Tron Technical Analysis On 11th November 2020

Bitcoin Cash, Cardano, Tron Technical Analysis On 11th November 2020

November 11, 2020 by Reena Shaw

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]:

BCJ e1605092788625

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]:

ADA 2 e1605092924149

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]:

TRX 3 e1605093175483

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

Filed Under: Altcoin News, News Tagged With: Bitcoin Cash (BCH), Cardano (ADA), TRON (TRX)

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