Bitcoin Cash broke through the $ 460 resistance. It looks likely to test the $ 500 resistance zone in the near term. IOTA also recorded a break above $ 0.45 and could see a small drop to $ 0.5.
Finally, Qtum climbed above $ 3.77 with a bullish momentum.
Bitcoin Cash (BCH) price analysis
Bitcoin Cash surpassed its highs of $ 460, and the next notable resistance area was between $ 500-515 for BCH. The trading volume supporting the breakout was high and BCH rose to $ 485 before encountering some sales on the charts.
The RSI rose and highlighted a strong bullish momentum, approaching the overbought territory. This could see BCH consolidating and turning the next supply zone into demand, or testing the $ 500 level multiple times over the next few days before another bullish boom.
IOTA price analysis
Using the Fibonacci retracement tool for IOTA’s transition from $ 0.35 to $ 0.56, some retracement levels were highlighted as support.
A 23.6% retracement from a nearby level of $ 0.508 may attempt to serve as support.
The IOTA, the MACD, failed to cross the $ 0.545 resistance level, although it showed that the market is likely overextended to the buy side and a small decline is continuing. $ 0.51 could see an IOTA leap and retest once again for $ 0.545.
Falling below $ 0.51 means that IOTA will drop to the next support level of $ 0.475.
Qtum (QTUM) price analysis
Qtum was in a strong uptrend due to steady demand from investors. OBV highlighted steadily increasing purchase volumes last month, with QTUM rising from $ 2.15 to $ 3.82 at the time of writing.
Failure to cross the $ 3.95 – $ 4 zone could lead to bears controlling the market to pull the price back to $ 3 at QTUM.