- The total crypto market cap once again failed near the $178.5B and $180.0B resistances.
- bitcoin price remained in a positive zone above the $5,400 support area.
- EOS price declined again below the $5.30 and $5.25 support levels.
- Binance Coin (BNB) is down more than 5% and it recently broke the $23.00 support.
- bitcoin cash price is back below the $295 support level, with a bearish angle.
- Tron (TRX) price is trading in a downtrend below the $0.0250 support area.
The crypto market cap is facing a strong resistance despite bullish moves in (). coin (BNB), (ETH), cash, (TRX), , , and are currently correcting lower.
bitcoin Cash Price Analysis
There was yet another failure above the $300 pivot level in cash price against the US Dollar. The BCH/USD pair declined below the $295 and $290 support levels. It is currently near $287 and it could extend losses towards the $285 support level.
The next key support on the downside is near the $282 level, where buyers are likely to appear. On the upside, the price must jump above the $295 level to start a fresh increase above the $300 level.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
price trimmed most it gains above the $5.30 level and recently declined below the $5.20 support level. The price even tested the $5.10 level and it remains at a risk of more losses towards the $5.00 support area. On the upside, the main resistances are near $5.20 and $5.25.
price . TRX price even broke the $0.0245 support level and recently tested the $0.0240 level. If there is a fresh recovery, the price could face a strong barrier near the $0.0245 level.
coin (BNB) and recently corrected lower below the $24.00 and $23.50 support levels. BNB price even broke the $23.00 support and it seems like it could rested the $20.00 support level in the coming sessions. On the upside, the previous support near $23.50 may now act as a resistance.
Looking at the total market cap hourly , there was a solid upward move above the $175.0B resistance. However, the market cap struggled to clear the $178.5B and $180.0B resistances and recently corrected lower. On the downside, there is a strong bullish trend line in place with support at $170.5B. As long as the market cap is above $170.0B, it could bounce back above $178.5B or even $180.0B. Therefore, downsides are likely to be contained in , ether, TRX, LTC, , , ADA, XLM, WAN, BCH, XMR and other in the near term.
Published at Wed, 24 Apr 2019 09:41:36 +0000
