- The total crypto market cap is struggling to hold the key $250.0B support area.
- Bitcoin price spiked below the $9,300 level and recently corrected above $9,500.
- EOS price is facing a lot of hurdles near the $4.400 and $4.500 levels.
- Binance Coin (BNB) is trading with a bearish angle below the key $28.50 support level.
- BCH price is slowly moving higher towards the main $320 resistance level.
- Tron (TRX) price is currently holding the key $0.0220 support level.
Bitcoin Cash Price Analysis
Recently, there was a slow and steady recovery in BCH price above the $300 level against the US Dollar. The BCH/USD pair even managed to surpass the $310 resistance level. It seems like the price is now slowly climbing towards the next key resistance at $320.
If there is an upside break above $320, the price could continue to rise towards the $350 level. If the price fails to continue higher, it could decline once again below the $300 support level in the near term.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price failed to hold gains and declined sharply towards the $4.00 support level. The price is currently correcting above the $4.200 level, but there are many important hurdles on the upside. The main resistance is near the $4.500 level, above which the price could climb towards the $4.800 resistance.
Tron price struggled a lot in the past few days and settled below the key $0.0232 support level. TRX price even revisited the $0.0220 support level and it is currently correcting higher. However, the bulls are likely to face a lot of selling interest near the $0.0232 and $0.0235 levels.
Binance coin (BNB) declined sharply and broke the $29.20 and $28.50 support levels. BNB price is now trading well below $28.00 and it recently tested the $26.50 support. To start a strong recovery, the price must climb back above $28.50 and $29.20 in the coming sessions.
Looking at the total cryptocurrency market cap 4-hours chart, there were further losses below the $260.0B support level. The market cap even spiked below the $250.0B support and it is currently consolidating losses. On the upside, there is a strong resistance forming near the $265.0B level and a connecting bearish trend line on the same chart. A successful close above $265.0B and $270.0B is needed for more gains. Conversely, a close below the $250.0B support might spark bearish moves in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX.