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Solid gains over the past twenty four hours sees EOS retake fourth spot over LTC, which seems to have slowed after several days of big moves. BTC continues to face resistance while ETH holds support over $120.
Total market cap holds firm at $122 billion as most of the top 50 see green on Wednesday. EOS was the big mover, retaking its fourth spot from Charlie Lees Litecoin.
Most notably, Ethereum has retaken second spot over XRP following a 20% rally over the past week.
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The overall market appears to be bullish, however solid resistance can be seen as BTC struggles to break over $3,700 having hit just below that mark twice in the past week. BTC would need a solid breakout to keep momentum otherwise we could be seeing a pullback from the recent rally.
Binance Coin (BNB) saw the only significant loss over the last twenty four hours with a 5% drop in price. This comes after a 17% rally in price which saw BNB nearly retest the $10 price range.
All eyes will be on Bitcoin over the course of the coming days to see if we retest and breakout of resistance at $3,700 or if we head back down to potentially $3,400 range once again.