Crypto Market Near Crucial Juncture: Bitcoin Cash, XLM, EOS, TRX Price Analysis

  • The total crypto market cap declined more than $10 billion and tested the key $158.0B support.
  • Bitcoin cash price is down around 7% and it is currently trading near the $265 support.
  • EOS price broke the key $5.50 support and tested the $5.25 support zone.
  • Stellar (XLM) price retreated from highs and it is currently approaching the $0.1100 support area.
  • Tron (TRX) is down around 6% and it recently broke the $0.0270 support level.

The crypto market cap, bitcoin (BTC) and Ethereum (ETH) declined recently towards important supports. BCH, Stellar (XLM), ADA, EOS, ripple and tron (TRX) are likely to bounce back in the short term.

Bitcoin Cash Price Analysis

Bitcoin cash price failed to stay above the $290 support and declined heavily support against the US Dollar. The BCH/USD pair broke the $285 support level and even cleared the $270 support level. The price tested the $265 support level and it is currently consolidating losses.

On the upside, an immediate resistance is near the $270…

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2019-04-12 06:00:57

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