Reason to trust

How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
- The total crypto market cap failed to climb above $325.0B resistance and declined recently.
- Bitcoin price was rejected near the $12,000 resistance and it recently declined below $11,400.
- EOS price is currently below $5.850 and it is facing a lot of selling interest.
- Binance Coin (BNB) is currently flat and is trading nicely above the $32.50 support area.
- BCH price is down around 4% and it is currently trading near the key $400 support area.
- Tron (TRX) price failed to hold the $0.0320 support and it remains at a risk of more losses.
Bitcoin and the crypto market cap started a fresh downward move. Ethereum (ETH), binance coin (BNB), BCH, tron (TRX), ripple, litecoin and EOS are currently trading with a bearish angle.
Bitcoin Cash Price Analysis
After a decent recovery, BCH price failed to climb above the $420 resistance against the US Dollar. The BCH/USD pair started a fresh decline and broke a few important supports near the $415 and $410 levels. It is now trading near the $400 support area, below which it could slide towards the $385 level.
On the upside, the $410 and $415 levels are likely to act as resistance. The main resistance is still near the $420 level.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price failed to settle above the key $6.000 pivot level and recently started a fresh decline. It broke the key $5.900 support level and even traded below the $5.85 support level. It is now trading well below the $5.800 level and it could continue to move down towards the $5.600 support area.
Tron price struggled to stay above the main 0.0332 support level. TRX price started a fresh decline and broke the $0.0320 support area. It seems like the price may even test the $0.0305 support level before it could rise again.
Binance coin (BNB) was stable above the $32.00 and $32.50 support levels. There was hardly any decline and BNB price is slowly rising towards the $33.00 level. An upside break above the $33.20 resistance level is needed for a bullish acceleration in the near term.
Looking at the total cryptocurrency market cap 4-hours chart, after a decent upward move above the $300.0B and $310.0B resistance levels, there was a rejection near the $325.0B resistance zone. The market cap failed to continue higher and recently started a downside correction. There was a break below the $310.0B support level and the cap tested the $300.0B support area. On the upside, there is a strong resistance forming near $320.0B. On the downside, a break below $300.0B might spark more downsides in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX in the near term.