The Total Crypto Market Cap Bounces Back

By Kapil Gauhar

The overall crypto market capitalization surged higher moving above the $110.00B resistance zone. This turned to be a highly beneficial for the altcoins like EOS, ADA, XLM and Dogecoin as they rallied sharply.

EOS Price Analysis

The altcoin has struggled enough which was a lot below $2.00 resistance. Finally, the EOS price formed a support base for a potent rally. The altcoin price gained its traction above the $2.00 resistance and broke the $2.20 and $2.50 resistance levels, which is currently up more than 30%. But the price greenery hasn’t taken a break. It seems like there could be more gains for EOS which most probably be towards $3.00.

Stellar Price Analysis

Stellar Price framed a strong support over the $0.1000 level and rallied over the $0.1050 and $0.1100 resistance levels. On the upside, the following real resistance for purchasers could be $0.1150 or $0.1200.

Cardano Price Analysis

Cardano price at last settled over the $0.0300 resistance level. Cardano (ADA) price gained over 15% and exchanged over the $0.0320 resistance level. The following stop for purchasers could be close to the $0.0350 resistance level.

Dogecoin Price Analysis

Dogecoin framed a strong support close to the $0.0020 resistance level and later began an upward move. DOGE price mobilized over 20% as of late and exchanged near the $0.0027 resistance level. It might address lower for the time being, however, plunges stay supported close $0.00240 and $0.00220.

Wrap Up!

Taking a gander at the above price analysis, it’s evident that there was a strong upward move over the $105.00B and $110.00B resistance levels. All the more vitally, there was a break over an essential bearish market line at $100.00B on a similar pace. The market top touched the $144.25B level and it appears that there could be more upsides. Subsequently, there are chances of more gains in Bitcoin, Ethereum, LiteCoin, EOS, XLM, SWELL and different altcoins sooner or later.