Bulls woke up or still sleeping, let’s understand with me.
All 100 coins are in green except a few, now the total market cap is 330 billion $ it is increased by 21 Bln $ from yesterday low of 309 billion $. Now the market looks little better than yesterday low.
At the time of writing Bitcoin is trading at 7520 $, Ethereum 572 $, Ripple.61 $, BCH 1016 $, EOS 12.47$, Tron .065$. The market seems to be recovering, but still, it is too early to say whether bull has returned or not. In our previous analysis, we always point out till the time BTC will not trade above 8000$ we can’t say it to be in the safe zone. For confirmation of Bulls, we have to wait for next 500$ upward movement and next 500$ increase in price will confirm the market is heading in a positive direction, but at this level, we can’t rule out the possibility of a pullback to 7000$ level.
Ethereum looks better than before recovering after the EOS team ETH sale, now struggling to cross 600$ levels, after 600$ we can expect 700 $ soon. The pullback in prices retests 550$ level.
BCH recovered well from yesterday low of 880$ for BCH users 1000$ level is a psychologically important level till the time BCH remain above 1000$ we can expect upside movement soon, next few targets 1100$, 1300$, 1500$.
XRP disappointed most of its buyers, especially those bought XRP during DEC. rally, XRP has been always a long-term investment in my view, advice for XRP buyers HODL it, this coin gives you a good profit provided how long you can HODL it.
As the whole market was in red TRON is not outside of the market. Despite the Mainnet launch date 31st MAY, TRON prices didn’t go up. Tron is a good project with no fees and smart contract option. Development wise & team-wise it is a good investment you can hold it for few months and you can expect a 2x 3X profit at current prices.
NOTE:- Friends do not confuse ”Bulls” with the bull run, Bulls here indicate potential buyers.
Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.