{"id":393304,"date":"2019-08-16T05:00:58","date_gmt":"2019-08-16T05:00:58","guid":{"rendered":"https:\/\/wncen.com\/?p=393304"},"modified":"2024-06-11T13:24:24","modified_gmt":"2024-06-11T13:24:24","slug":"bitcoin-and-crypto-market-rebound-facing-hurdles-bch-xlm-eos-trx-analysis","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-and-crypto-market-rebound-facing-hurdles-bch-xlm-eos-trx-analysis\/","title":{"rendered":"Bitcoin And Crypto Market Rebound Facing Hurdles: BCH, XLM, EOS, TRX Analysis"},"content":{"rendered":"<ul>\n<li>The total crypto market cap declined to $242.0B and is currently correcting higher.<\/li>\n<li>Bitcoin price is currently correcting higher and is trading above the $10,200 level.<\/li>\n<li>BCH price stayed above the $300 support and it is currently near the $310 level.<\/li>\n<li>EOS price is currently consolidating above the key $3.500 support area.<\/li>\n<li>Stellar (XLM) price is slowly recovering higher towards the $0.0700 and $0.0720 resistance levels.<\/li>\n<li>Tron (TRX) price is trading in a strong downtrend below $0.0200 and $0.0180.<\/li>\n<\/ul>\n<p><em>Bitcoin (BTC) and the crypto market cap are recovering towards key resistances. <a href=\"https:\/\/wncen.com\/2019\/08\/16\/ethereum-price-eth-recovery-could-face-hurdles-near-190-195\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ethereum<\/a> (ETH), BCH, stellar (XLM), ADA, EOS, <a href=\"https:\/\/wncen.com\/2019\/08\/16\/ripple-price-xrp-showing-recovery-signs-bitcoin-back-above-10-2k\/\" target=\"_blank\" rel=\"noopener noreferrer \">ripple<\/a>, and tron (TRX) are trading in a major downtrend.<\/em><\/p>\n<h2>Bitcoin Cash Price Analysis<\/h2>\n<p>Recently, BCH price started a fresh decline after tagging the $355 level against the US Dollar. The BCH\/USD pair declined below the $340 and $330 support levels. It tested the $305 level and it is currently consolidating near the $310 level. On the upside, an immediate resistance is near the $315 and $320 levels.<\/p>\n<p>On the downside, the main supports are near $305 and $300. If there is a bearish break below the $300 support, the price could continue to decline towards the $285 support.<\/p>\n<h2>Stellar (XLM), EOS and Tron (TRX) Price Analysis<\/h2>\n<p>EOS price declined heavily after it broke the $4.000 and $3.800 support levels. The price even spiked below $3.500 and it is currently consolidating losses. An immediate resistance is near the $3.700 and $3.800 levels. Above these, the price could test the main $4.000 resistance area. On the downside, the main support is near the $3.500 level.<\/p>\n<p>Stellar price is slowly correcting higher towards the $0.0700 and $0.0720 resistance levels. If XLM price climbs above $0.0720, it could correct higher towards the $0.0800 resistance level. On the downside, the main supports are near $0.0650 and $0.0640.<\/p>\n<p>Tron price declined heavily after it traded below the key $0.0200 support level. TRX price even declined below $0.0185 and $0.0180. It is currently trading near $0.0172 and it might correct higher towards the $0.01800 resistance.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Crypto-Market-Cap-Total-11.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-393305\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Crypto-Market-Cap-Total-11.png?resize=1828%2C868\" alt=\"Bitcoin Crypto Market Cap ETH, XRP, BCH, LTC, EOS, TRX, ADA, BNB\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Crypto-Market-Cap-Total-11.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Crypto-Market-Cap-Total-11.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Crypto-Market-Cap-Total-11.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Crypto-Market-Cap-Total-11.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Crypto-Market-Cap-Total-11.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Crypto-Market-Cap-Total-11.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Crypto-Market-Cap-Total-11.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Looking at the total cryptocurrency market cap 4-hours <a href=\"https:\/\/www.tradingview.com\/symbols\/CRYPTOCAP-TOTAL\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, there a sharp decline below the $265.0B support area. The market cap even broke the $250.0B support and moved towards $240.0B. A swing low was formed near $242.0B and the market cap is currently recovering higher. On the upside, there is a strong resistance forming near the previous support at $272.0B and a connecting bearish trend line. Therefore, the current recovery could face hurdles near the $270.0B and $272.0B levels. Overall, upsides are likely to remain capped in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and other altcoins in the near term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total crypto market cap declined to $242.0B and is currently correcting higher. Bitcoin price is currently correcting higher and is trading above the $10,200 level. BCH price stayed above the $300 support and it is currently near the $310 level. EOS price is currently consolidating above the key $3.500 support area. Stellar (XLM) price is slowly recovering higher towards the $0.0700 and $0.0720 resistance levels. Tron (TRX) price is trading in a strong downtrend below $0.0200 and $0.0180. Bitcoin (BTC) and the crypto market cap are recovering towards key resistances. Ethereum (ETH), BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) are trading in a major downtrend. Bitcoin Cash Price Analysis Recently, BCH price started a fresh decline after tagging the $355 level against the US Dollar. The BCH\/USD pair declined below the $340 and $330 support levels. It tested the $305 level and it is currently consolidating near the $310 level. On the upside, an immediate resistance is near the $315 and $320 levels. On the downside, the main supports are near $305 and $300. If there is a bearish break below the $300 support, the price could continue to decline towards the $285 support. Stellar (XLM), EOS and Tron (TRX) Price Analysis EOS price declined heavily after it broke the $4.000 and $3.800 support levels. The price even spiked below $3.500 and it is currently consolidating losses. An immediate resistance is near the $3.700 and $3.800 levels. Above these, the price could test the main $4.000 resistance area. On the downside, the main support is near the $3.500 level. Stellar price is slowly correcting higher towards the $0.0700 and $0.0720 resistance levels. If XLM price climbs above $0.0720, it could correct higher towards the $0.0800 resistance level. On the downside, the main supports are near $0.0650 and $0.0640. Tron price declined heavily after it traded below the key $0.0200 support level. TRX price even declined below $0.0185 and $0.0180. It is currently trading near $0.0172 and it might correct higher towards the $0.01800 resistance. Looking at the total cryptocurrency market cap 4-hours chart, there a sharp decline below the $265.0B support area. The market cap even broke the $250.0B support and moved towards $240.0B. A swing low was formed near $242.0B and the market cap is currently recovering higher. On the upside, there is a strong resistance forming near the previous support at $272.0B and a connecting bearish trend line. Therefore, the current recovery could face hurdles near the $270.0B and $272.0B levels. Overall, upsides are likely to remain capped in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and other altcoins in the near term.<\/p>\n","protected":false},"author":67,"featured_media":393306,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12333,10765,13291,10736,11427,1119,10598,3970,11808,11993,12220],"class_list":["post-393304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-bch","tag-binance-coin","tag-bitcoin-cash","tag-bnb","tag-btc","tag-eos","tag-stellar","tag-tron","tag-trx","tag-xlm"],"acf":[],"yoast_head":"\n<title>Bitcoin And Crypto Market Rebound Facing Hurdles: BCH, XLM, EOS, TRX Analysis<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) and the crypto market cap are recovering towards key resistances. 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Ethereum (ETH), BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) are trading in a major downtrend.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-and-crypto-market-rebound-facing-hurdles-bch-xlm-eos-trx-analysis\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-16T05:00:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:24:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Crypto_Market_Bitcoin_Hurdles.jpg?fit=1000%2C750\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-and-crypto-market-rebound-facing-hurdles-bch-xlm-eos-trx-analysis\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-and-crypto-market-rebound-facing-hurdles-bch-xlm-eos-trx-analysis\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Bitcoin And Crypto Market Rebound Facing Hurdles: BCH, XLM, EOS, TRX Analysis\",\"datePublished\":\"2019-08-16T05:00:58+00:00\",\"dateModified\":\"2024-06-11T13:24:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-and-crypto-market-rebound-facing-hurdles-bch-xlm-eos-trx-analysis\/\"},\"wordCount\":420,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-and-crypto-market-rebound-facing-hurdles-bch-xlm-eos-trx-analysis\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Crypto_Market_Bitcoin_Hurdles.jpg?fit=1000%2C750\",\"keywords\":[\"ADA\",\"BCH\",\"Binance Coin\",\"Bitcoin Cash\",\"BNB\",\"btc\",\"eos\",\"stellar\",\"TRON\",\"TRX\",\"XLM\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-and-crypto-market-rebound-facing-hurdles-bch-xlm-eos-trx-analysis\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-and-crypto-market-rebound-facing-hurdles-bch-xlm-eos-trx-analysis\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-and-crypto-market-rebound-facing-hurdles-bch-xlm-eos-trx-analysis\/\",\"name\":\"Bitcoin And Crypto Market Rebound Facing Hurdles: BCH, XLM, EOS, TRX Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-and-crypto-market-rebound-facing-hurdles-bch-xlm-eos-trx-analysis\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-and-crypto-market-rebound-facing-hurdles-bch-xlm-eos-trx-analysis\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/Crypto_Market_Bitcoin_Hurdles.jpg?fit=1000%2C750\",\"datePublished\":\"2019-08-16T05:00:58+00:00\",\"dateModified\":\"2024-06-11T13:24:24+00:00\",\"description\":\"Bitcoin (BTC) and the crypto market cap are recovering towards key resistances. 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