Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis

  • The total crypto market cap is struggling to gain pace above the $112.00B resistance.
  • EOS price failed to break the $2.50 resistance recently and declined.
  • Bitcoin cash price just moved below the $120 support level, with a bearish angle.
  • Tron (TRX) price is down more than 2% and it could test the $0.0250 support level.
  • Cardano (ADA) price struggle to clear the $0.0400 resistance and declined below $0.0385.

The crypto market is facing a lot of hurdles, putting pressure on bitcoin (BTC). Moreover, Ethereum (ETH). EOS, BCH, ripple, tron, ADA and other altcoins are currently trading with a bearish tone.

Bitcoin Cash Price Analysis

Bitcoin cash price traded higher this past week and broke the $115 and $118 resistance level against the US Dollar. BCH/USD also moved above the $120 level, but it failed to hold gains. As a result, the price moved below $120 and it seems like it could continue to move down.

An initial support is at $118, below which there is a risk of a drop to $115. On…

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2019-02-04 06:00:20

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