Analysis of the price of BNB / USD and TRX / USD on 01/18/20

Since the beginning of the year, the capitalization of the cryptocurrency market has grown from $ 190 billion to $ 243 billion. Interesting that most altcoins show much greater growth than BTC.

BNB / USD

On January 16, the price of BNB jumped from $ 16.30 to $ 18.19. Nevertheless, the inability to stay above this mark demonstrates the low activity of buyers at highs. In order for the asset price to continue to grow, buyers need to gain a foothold above $ 18.20.

TRX / USD

This week, buyers managed to keep the priceabove the support level of $ 0.0160, however, it was not possible to break through the resistance level at $ 0.0180. The price of TRX returned to the level of $ 0.0175 near which it is consolidating.

If sellers come out to raise the priceasset above $ 0.0180, their next target may be $ 0.0230. However, if the price drops below $ 0.0160, there is a chance of a re-test of $ 0.0145.