Bitcoin cash is showing positive signs and the total market cap remains supported on dips. Bitcoin, Ethereum, ripple and altcoins like EOS, Tron (TRX) and Cardano (ADA) could extend gains.

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Bitcoin Cash Price Analysis

Bitcoin cash price gained traction recently and broke the $150 resistance area against the US Dollar. BCH/USD even cleared the $160 resistance and traded close to the $168-170 resistance area. If there is a break above the $170 resistance, the price may extend gains above the $175 and $178 resistance levels.

On the downside, an initial support is at $162 followed by $160. If there is a break below the $160 support, the price may extend losses towards the $150 support.

EOS, Tron (TRX) and ADA Price Analysis

EOS price performed really well recently and broke the $2.75 and $2.80 resistance levels. EOS is up around 5% and it may continue to move higher towards the $2.90 and $3.00 resistance levels. The main supports are at $2.80 and $2.72.

Tron price remained in a decent uptrend in the past few days and it broke the $0.0200 and $0.0210 resistance levels. TRX price even settled above the $0.0220 level and it looks set for more gains in the near term.

Cardano price surged above the $0.0450 and $0.0480 resistance levels. ADA price even broke the $0.0500 hurdle and traded close to the $0.0510 level. The current price action is positive and dips remain supported near $0.0500 and $0.0492.

Looking at the total cryptocurrency market cap hourly chart, there was a decent upward move above the $135.00B resistance level. The market can touched the $137.00B level and later started a downside correction. On the downside, there are many supports near the $133.00B, $132.00 and $130.00B levels. Therefore, if there is a downside correction in BTC, ETH, litecoin, ripple, EOS, ADA, NEO, and other altcoins, buyers are likely to protect losses.

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