Bitcoin Cash, Tron, MANA Price Analysis: 15 May

ambcrypto.com:

As the broader market crashed all the way down to the $1.2T-mark over the last week, HODLers have been trying to stall the sell-off situation. But, they still need to inject higher volumes to sustainably modify the broader outlook in their favor. 

Bitcoin Cash, Tron, and MANA registered an uptick in their gains as they clawed back up from their 12 May lows.  

Source: TradingView, BCH/USDT

In its previous bullish endeavour, BCH claimed a spot above the five-month trendline resistance (white, previous support). Alas, after the initiation of the market-wide slump phase, the bearish pull has dragged BCH to its record lows over the last few days.

Further, the $346-resistance paved the way for a 54.58% drop that propelled a plunge toward its two-year low on 12 May. The recent revival has found obstructions near its Point of Control (POC, red), offering high liquidity in the $212-zone. A persuasive close above the 20 EMA (green) would heighten the chances of a break above the POC. 

At press time, BCH was trading at $210. After drifting near its oversold lows, the RSI entered into compression in the 38-50 range. As the bulls continue trying to snap the equilibrium, any close beyond the 50-mark would affirm an uptick in buying power.

Source: TradingView, TRX/USDT

Since taking off from the $0.06-zone, TRX saw remarkable gains while snapping multiple Fibonacci hurdles on its way up. Higher lows alongside persistent highs beyond the 50% Fibonacci level bagged in a much-needed yield for the altcoin.

The $0.08-level represented a confluence of its multi-week trendline resistance (yellow, dashed) and the 61.8% Fibonacci level. As a result, the price action tumbled down to retest the $0.06-mark. 

Since this drop, TRX has struggled to find a