- The total crypto market cap corrected lower sharply and tested the $178.0B support area.
- bitcoin price retreated after testing the $6,000 resistance and tested $5,850.
- EOS price is down 3% and it is currently trading near the $4.85 support level.
- Binance Coin (BNB) declined sharply after 7,000 BTC was stolen from Binance exchange.
- bitcoin cash price struggled to stay above the $290 level and it recently broke the $285 support.
- Tron (TRX) price is trading with a positive bias and it is currently up 1.5%.
The crypto market cap tested a crucial support area after downside correction in bitcoin (). Binance coin (BNB), (ETH), bitcoin cash, , tron (TRX), litecoin and EOS are trading near key supports.
bitcoin Cash Price Analysis
There was yet another rejection near the $295 and $300 resistance levels in bitcoin cash price against the US Dollar. The BCH/USD pair even failed to hold the $290 level and recently declined below the $285 support level. The price is now approaching the $280 support, where the bulls may emerge.
On the upside, the main resistance is near $290, above which the price could test the . On the downside, a break below the $280 support may push the price back in a bearish zone.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price failed to clear the main $5.00 resistance level and recently declined below $4.90. The price is currently testing the $4.85 support level, below which the next key support is near the $4.72 level. On the upside, the major hurdles for an upside break are $4.95 and $5.00.
Tron price remained in a positive zone after it broke the key $0.0240 and $0.0242 resistance levels. TRX price is up more than 1.5% and it is currently testing the $0.0246 level. An immediate resistance is near the $0.0280 level, above which the price may test $0.0300.
Binance coin (BNB) declined sharply after 7,000 BTC was stolen from the exchange cold wallet. BNB price is down more than 7% and broke the $22.00 support. On the downside, the main support is at $20.00, where the bulls could take a stand.
Looking at the total cryptocurrency market cap 4-hours , there was a steady rise above the $180.0B level. The market cap tested the $188.0B level and recently corrected lower. It broke the $185.0B level and tested a major support near $178.0B and a connecting bullish trend line on the same chart. It is currently recovering above the $180.0B level. An immediate resistance is near $183.5B, above which the market cap could revisit the $186.0B or $188.0B level. Overall, there are many supports on the downside for bitcoin, ether, TRX, LTC, EOS, ripple, ADA, XLM, WAN, BCH, XMR and other major altcoins.
Published at Wed, 08 May 2019 05:00:08 +0000