{"id":406718,"date":"2019-12-10T05:30:26","date_gmt":"2019-12-10T05:30:26","guid":{"rendered":"https:\/\/wncen.com\/?p=406718"},"modified":"2024-06-11T12:48:54","modified_gmt":"2024-06-11T12:48:54","slug":"bitcoin-and-crypto-market-cap-declining-bch-bnb-eos-trx-analysis","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-and-crypto-market-cap-declining-bch-bnb-eos-trx-analysis\/","title":{"rendered":"Bitcoin And Crypto Market Cap Declining: BCH, BNB, EOS, TRX Analysis"},"content":{"rendered":"
The crypto market cap and bitcoin (BTC) are struggling to continue higher and<\/em><\/p>\n <\/p>\n declining. Ethereum<\/a> (ETH), binance coin (BNB), ripple<\/a>, BCH, tron (TRX), litecoin and EOS are under pressure.<\/em><\/p>\n After a short term upward move, bitcoin cash price failed to climb above the key $220 and $225 resistance levels against the US Dollar. The BCH\/USD pair is currently declining and it is trading below the $210 level.<\/p>\n On the downside, the first key support is near the $205 level, below which the price is likely to test the main $200 support area in the near term. On the upside, a clear break above $225 is needed for a decent increase.<\/p>\n EOS price failed to surpass the $2.850 resistance area and it is currently declining. The price is down 3% and it is trading near the $2.600 support. If there are more losses, the next major support is seen near the $2.500 level. On the upside, the $2.700 level might protect gains.<\/p>\n Tron price is under a lot of pressure and it is now trading well below $0.0145. An initial support is near the $0.0142 level. However, the main support for TRX price is near the $0.0140 level, below which there is a risk of an extended decline.<\/p>\n Binance coin (BNB) faced a strong selling interest near the $15.80 and $16.00 resistance levels. As a result, BNB price declined and it is now trading below $15.25. An initial support is near $15.05 and $15.00, below which the bears are likely to take control in the near term.<\/p>\nBitcoin Cash Price Analysis<\/h2>\n
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis<\/h2>\n