The cryptocurrency market has resumed its uptrend as Bitcoin and its peer altcoins target their respective overhead resistances with a few even breaking the said levels. This has prompted an appreciation in the collected market cap which rose to $349 billion, at the time of writing.
ETH bulls have been accumulating the coin at lower levels as the coin witnessed a minor dipped. However, the largest altcoin gained some respite after it climbed to a value of $377.81 after a surge of 3.55% over the last 24-hours as it held a market cap of $42.55 billion and a 24-hour trading volume of $18.40 billion.
The green closing bars of Awesome Oscillator evidenced a bullish momentum in the coin’s future. Chaikin Money Flow also aligned the bulls as it was well above the zero-line depicting inflow of capital into the coin market. This indicated that bulls have an upper hand in the coin’s value. If the uptrend continues, ETH could target its immediate resistance of $403 in the coming days as its price was firmly supported at level $336.
XRP was still hovering close to its support at $0.238 and so far has failed to post an impressive rally which drove the coin to the fourth position in the leaderboard. However, XRP noted a minor uptick 2.61% over the last 24-hours which catapulted its price to $0.248.
At the time of writing, the coin registered a market cap of $11.20 billion and a 24-hour trading volume of $2.25 billion.
Following the latest upward price action, Klinger Oscillator, as well as MACD, underwent a bullish crossover. If the bulls continue to defend it previously mentioned support area and manages to climb higher, XRP could target the $0.295 resistance level.
Bitcoin Cash [BCH]:
Bitcoin Cash noted a rise of 0.61% over the last 24-hours. At the of writing, the coin was priced at $233.63 while recording a market cap of $4.32 billion and a 24-hour trading volume of $2.94 billion.
An upward breach at the moment to its immediate resistance point of $293 appeared highly unlikely as dotted markers of Parabolic SAR continued to resist a potential price break to the positive side. The RSI was still below the 50-median line depicting a sentiment of persisting selling pressure in the coin market.
If the coin fails to rise and sustain above this level, the bears could sink its price to $213.