The cryptocurrency market remained fairly stable as the collective market cap witnessed a minor surge to $340 billion at the time of writing. Bitcoin was stuck below the $10,700 range despite its dominance rising to 57.8%. Similarly, no impressive price action was noticed for the altcoins as they headed slowly to recapture overhead resistances.
Tron [TRX]:
Tron [TRX] was down by 6.37% over the last 24-hours which drove its price to $0.0262. At the time of writing, the coin registered a market cap of $1.88 billion and a 24-hour trading volume of $1.77 billion. The dotted markers of Parabolic SAR resisted a potential uptrend. The RSI further reinstated the rising downside pressure as it formed a bearish divergence. If the bulls fail to defend the current range, TRX could potentially fall to the $0.0199 support level as its resistance remained untouched at $0.028
Cardano [ADA]:
After recording a minor surge of 0.51% over the last 23-hours, Cardano [ADA] was valued at $0.0953 as it held a market cap of $2.96 billion and a 24-hour trading volume of $609.5 million.
ADA broke out of its overhead resistance after flashing major buy signal over the weekend. This was further evidenced by the green closing bars of Awesome Oscillator which indicated a shift to bullish momentum. A spike to a bullish territory was also noted in Chaikin Money Flow indicating the flow of capital into the market. If bulls gain an upper hand over ADA’s price could target its immediate resistance of $0.103 as it found crucial support at $0.075-level
Binance Coin [BNB]:
Over the past 24-hours, Binance Coin [BNB] surged by 4.48% driving its price to $26.14 as it registered a market cap of $3.77 billion and a 24-hour trading volume of $543 million. The coin had climbed to fresh highs in the month of September which is coincided with the launch of the Binance Smart Chain platform. Despite market corrections, the buyers were attempting to erase losses from the past few weeks, as BNB further formed a local top. This was further demonstrated by both Klinger Oscillator and MACD which appeared to be heading for a bullish crossover.
If the bulls gain necessary traction, BNB could reclaim its resistance of $31.177 as the coin was firmly supported at $22.75