Can Bitcoin Cash (BCH), Bitcoin SV (BSV) and TRON (TRX) grow faster than other altcoins?
This analysis provides an overview of how Bitcoin Cash (BCH), Bitcoin SV (BSV) and TRON (TRX) have fared and how they will behave from now on.
The market has changed completely in the past 24 hours. If yesterday all 10 major currencies were in the red zone, today they are all on a positive trend. The main winner is Bitcoin SV (BSV), whose value has increased by more than 7%.
The important data for Bitcoin Cash (BCH), Bitcoin SV (BSV) and TRON (TRX) are below.
BCH / USD
Although Bitcoin Cash (BCH) has been on the rise since yesterday, its growth represented only 2.77%, which is much less compared to other top currencies.
Within 4 hours, Bitcoin Cash (BCH) is about to break the sideways trend. A more likely scenario is the upward movement, as the basic line of the Bollinger Band indicator serves as a support level. In addition, the volume of sales negotiation continues to decrease, which is a sign of further growth. In all, Bitcoin Cash (BCH) may encounter resistance in the area of $ 200 to $ 210.
Bitcoin Cash is currently trading at $ 186.73.
BSV / USD
Bitcoin SV (BSV) is doing much better than its fork. The value of cryptocurrency has increased by 6.82% in the last 24 hours.
On the daily chart, Bitcoin SV (BSV) is located in a cumulative zone after strong growth along with the entire cryptocurrency market. Applying the Fibonacci retracement on the chart from the recent height to the current low levels, the closest resistance is close to US $ 180, which corresponds to 23.6% of the retraction. In that case, it will reach that level by the end of March.
Bitcoin SV is currently trading at $ 124 at the moment.
TRX / USD
The value of TRON (TRX) also increased by more than 5%. However, the currency is still far from its recent levels. The decline in the past 7 days has reached about 16%.
On the daily chart, TRON (TRX) enters a correction phase after a recent fall. A bullish divergence formed on the RSI indicator, confirming a continuous recovery.
In addition, the MACD indicator lines are about to change to green. Respectively, if nothing changes, TRON (TRX) will reach $ 0.012 soon.
TRX is currently trading at $ 0.0107.