Crypto Market In Corrective Decrease: Bitcoin Cash, Tron (TRX), XLM, ADA Analysis

  • The total crypto market cap seems to be struggling near the $178.0B resistance area.
  • Stellar (XLM) price corrected lower and traded below the $0.1300 support area.
  • Bitcoin cash price is down around 6% and it may revisit the $280 support level in the near term.
  • Tron (TRX) price is up more than 3% and it is likely to break the $0.0300 resistance area.
  • Cardano (ADA) price is down close to 7% and it seems to be heading towards the $0.0800 support.

The crypto market cap is moving lower, with a corrective decrease in bitcoin (BTC) and Ethereum. Ripple, BCH, stellar (XLM), EOS and Cardano (ADA) are down, while Tron (TRX) is gaining traction.

Bitcoin Cash Price Analysis

Recently, we saw a fresh increase in bitcoin cash price above the $300 and $310 levels against the US Dollar. However, the BCH/USD pair failed to gain traction above the $320 and $325 resistance levels. As a result, there was a downside correction below $310.

The price is down around 6% and it is trading near the $300…

Read Full Story : NewsBTC

2019-04-09 06:00:21

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