The total crypto market cap is trading well below the $192.0B and $200.0B resistance levels.
Bitcoin price is struggling to stay above the main $7,000 support area.
EOS price is declining and it is likely to trade below the $2.500 support area.
Binance Coin (BNB) is approaching the key $14.00 support area.
BCH price is still holding the main $205 and $200 support levels.
Tron (TRX) price is now trading below the $0.0140 support area, with a bearish angle.
The crypto market cap and bitcoin (BTC) are showing a lot of bearish signs. Ethereum (ETH), binance coin (BNB), ripple, BCH, tron (TRX), litecoin and EOS are trading near key supports.
Bitcoin Cash Price Analysis
After a short term upward correction, bitcoin cash price failed to climb above the $225 resistance area against the US Dollar. The BCH/USD pair is currently declining and it is trading near the $205 support area.
On the downside, the main support is near the $200 level. If there is a downside break below the $200 handle, there is a risk of more losses in the near term. The next key support is near the $185 level.s
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price failed to surpass the $2.700 resistance area and recently started a fresh decline. The price is now trading below the $2.600 level and it is approaching the $2.500 support area. If there is a downside break below the $2.500 level, there is a risk of more losses towards $2.350.
Tron price is showing a lot of bearish signs and it recently settled below the $0.0140 level. TRX price is about to continue lower towards the $0.0135 support area, where buyers are likely to appear. On the upside, there are many hurdles near $0.0140 and $0.0142.
Binance coin (BNB) followed a bearish path below the $15.00 resistance area. BNB price even settled below the $14.50 level and it could continue to decline towards the $14.00 support area. Any further losses below $14.00 might put the bulls under a lot of pressure in the near term.
Looking at the total cryptocurrency market cap 4-hours , there was a steady decline below the $195.0B level. The crypto market cap even broke the $192.0B support and it is now below the $190.0 level. If there is a downside break below $185.0B and $182.0B, the market cap could continue to slide.
Therefore, there are chances of more downsides in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX in the near term.
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.
Read more
From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.
Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.
Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.
At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.
In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.
Disclaimer: The information found on NewsBTC is for educational purposes
only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any
investments and naturally investing carries risks. You are advised to conduct your own
research before making any investment decisions. Use information provided on this website
entirely at your own risk.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree