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- The total capitalization of the cryptography market has fallen sharply and exceeded the support level of $ 108.00 billion.
- The EOS price was trading lower and exceeded support levels of $ 2.38 and $ 2.35.
- Binance Coin (BNB) outperformed and traded up more than 9%.
- The Bitcoin spot price is down more than 5% and has exceeded the support level of $ 115.
- The price of Tron (TRX) fell well above $ 0.0265 and tested the support at $ 0.0255.
The crypto market fell sharply, driven by Bitcoin (BTC) and Ethereum. Binance coins (BNB) outperformed, while coins such as BCH, Ripple, EOS, TRX and ADA fell sharply.
Bitcoin Cash Analysis Price
The Bitcoin spot price failed to stay above the USD 120 resistance and fell below support at US $ 118 against the US dollar. The BCH / USD pair extended losses and traded below the $ 115 support level. The pair is currently trading in a bearish zone and could test the support level of $ 112 or $ 110.
On the upside, the previous support, close to 115 dollars, should be a strong resistance. The next key resistances are $ 118 and $ 120.
Price Analysis EOS, Tron (TRX) and BNB
The price of the EOS has not managed to gain ground above the $ 2.40 level. As a result, there was a sharp decline below the support level of $ 2.38 and $ 2.35. Immediate support is $ 2.30, followed by the $ 2.25 level.
Tron began to face a strong selling interest close to the $ 0.0270 level after the recent uptrend. The price of TRX began a new decline and traded below support levels of $ 0.0262 and $ 0.0260.
The Binance piece has grown recently and has grown by more than 9%. The NBB's price exceeded the resistance levels of $ 7.20 and $ 7.50. The next key resistance is at $ 8.00, while racks are seen at around $ 7.50 and $ 7.25.
Looking at the total hourly chart of cryptocurrency market capitalization, there was a critical rejection near the $ 110-billion resistance, which led to a sharp decline. Market capitalization fell under the support of $ 108.00 billion and an uptrend line on the same chart. He tested the level of $ 106.50 billion and it seems that there is a chance of further losses to levels of $ 105.00 billion or $ 102.00 billion in future sessions . As a result, there are chances that other losses in bitcoin, ETH, tron, litecoin, EOS, ripple, stellar, litecoin and other altcoins materialize in the short term.
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