{"id":404653,"date":"2019-11-18T05:30:42","date_gmt":"2019-11-18T05:30:42","guid":{"rendered":"https:\/\/wncen.com\/?p=404653"},"modified":"2024-06-11T13:00:22","modified_gmt":"2024-06-11T13:00:22","slug":"crypto-market-and-bitcoin-might-decline-further-bch-eos-trx-ada-analysis","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-market-and-bitcoin-might-decline-further-bch-eos-trx-ada-analysis\/","title":{"rendered":"Crypto Market And Bitcoin Might Decline Further: BCH, EOS, TRX, ADA Analysis"},"content":{"rendered":"
Bitcoin and the crypto market cap are currently declining. Ethereum<\/a> (ETH), EOS, Tron (TRX), BCH, ripple, ADA, ripple<\/a>, and BNB remains at a risk of more downsides.<\/em><\/p>\n Recently, BCH price started a fresh decline after it failed to stay above the $285 support against the US Dollar. The price even broke the $280 support level and recently broke the $265 support. The next major support is near the $250 level, below which the bears may even eye a test of the $200 handle.<\/p>\n On the upside, the previous key support near the $280 level is now likely to act as a strong resistance. A clear close above $280 is needed for upside acceleration.<\/p>\n EOS price broke a couple of important supports near the $3.500 level. The price even traded below $3.400 and it is currently struggling to hold the $3.350 support area. The next key support zone is near the $3.200 level. On the upside, the $3.500 level may perhaps prevent a fresh increase in the near term.<\/p>\n Recently, tron price trimmed most its gains from well above the $0.0200 level. TRX price traded below $0.0190 and even spiked below the $0.0185 support. The price is currently consolidating and it is likely to revisit the $0.0190 and $0.0192 resistance levels.<\/p>\n Cardano price declined this past week below the $0.0440 level. However, the $0.0420 area acted as a strong support and prevented more downsides. At the moment, the price is trading with positive signs and trading nicely above the $0.0440 level. The main resistance is near $0.0450, followed by 0.0465.<\/p>\n Looking at the total cryptocurrency market cap 4-hours chart<\/a>, there was a downside break below the $230.0B support area. The market cap is currently declining and following a bearish channel with resistance near the $228.0B level. It seems like the market cap could retest the $215.0B or $210.0B support area before a decent recovery.<\/p>\nBitcoin Cash Price Analysis<\/h2>\n
EOS, Tron (TRX) and ADA Price Analysis<\/h2>\n
Crypto Market Cap<\/h2>\n