The collective cryptocurrency market rose to $348 billion after a positive change of 2.11% over the last 24-hours. The recent security on Singapore-based crypto exchange Kucoin has so far had no effect on the price of the cryptocurrencies.
Bitcoin Cash [BCH]:
Bitcoin Cash [BCH] saw an increase of 4.75% over the last day which drove its price to $229.7. At the time of writing, BCH recorded a market cap of $4.25 billion and a 24-hour trading volume of $1.69 billion.
BCH bulls were attempting to breach the overhead resistance of $237. This renewed uptrend was supported by the dotted markers of Parabolic SAR which were aligned below the price candles. RSI also spiked forming a bullish divergence which further reinstated a sentiment of increasing buying pressure among the traders.
If the coin manages to surpass this critical resistance, it could further climb up to target $293-level while its support point stood firm at $185.
Chainlink [LINK] was priced at $10.58 after a rise of 5.08% over the last 24-hours as it held a market cap of $3.704 billion and 24-hour trading volume of $1.42 billion. LINk climbed to a fresh all-time high in the second week of August. Shortly after which the token topped out an witnessed a gradual decline.
However, the bulls appeared to be aggressively pushing the coin higher. This was evidenced by the recent shift to bullish momentum as depicted by the green closing lines of Awesome Oscillator. However, Chaikin Money Flow indicated the outflow of capital from the coin market. If LINK gains the necessary momentum, it could surge to an overhead resistance of $12.78 as the coin found support at $7.71.
Cardano rallied by 10.36% over the last 24-hours which catapulted the coin’s price to $0.1055. At the time of writing, ADA registered a market cap of $3.28 billion and a 24-hour trading volume of $843 million.
ADA breached the level of $0.101 which has acted as crucial resistance for the coin for nearly three weeks. The latest upward price action found support from Klinger Oscillator as well as MACD spiked following a bullish crossover.
If the bulls gain an upper hand, it could lift ADA’s price to a resistance level of $12.42 as it found crucial support at $0.076