Bitcoin Cash was one of the big gainers at the start of the weekend, as the cryptocurrency ended its two-day losing streak. Overall, momentum in the market is slightly higher, as traders continue to read the latest US nonfarm payrolls report. TRON also returned to the green on Saturday.
Bitcoin Cash ( BCH )
Bitcoin Cash ( BCH ) was a key mover on Saturday, as the cryptocurrency returned to the green after a recent losing streak.
After falling to a low of $227.13 on Friday, BCH /USD rose as much as 2%, hitting a high of $234.82 early in the weekend.
The price increase comes as bulls continue to push the token away from its recent support point, which sits at $225.00.
From the chart, it appears that buyers chose to buy the recent dip, after the relative strength index (RSI) collided with the support point at 56.00
At the time of writing, price strength now stands at 58.60, with the upper limit at 60.00 representing the next resistance point.
Bulls will need to surpass this point to push bitcoin cash beyond the $240.00 level, which appears to be the next target for traders.
Tron ( TRX )
Tron ( TRX ) snapped a three-day winless streak to start the weekend, pulling away from a one-week low in the process.
TRX /USD surged to a peak of $0.08818 earlier in the day, which came less than 24 hours after trading at a low of $0.08558.
Similar to BCH , today's rally came after a brief breakout of a key support level, in this example at $0.08550.