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- The total market capitalization of crypto is currently facing a strong resistance close to $ 108.2 billion.
- The price of the EOS is maintaining the support level of $ 2.32 and it corrects above towards $ 2.40.
- The spot price of Bitcoin is trading around $ 115 and it could test the resistance of $ 118 in the short term.
- Tron's price (TRX) failed to exceed the $ 0.0265 resistance level and declined slightly.
- The price of Cardano (ADA) is currently consolidating at the level of $ 0.0365.
The crypto market is facing a daunting task, putting pressure on Bitcoin (BTC). In addition, Ethereum (ETH). EOS, BCH, Ripple, Tron, ADA and other altcoins are trading below key resistance.
Bitcoin Cash Analysis Price
The spot price of bitcoins found support close to the $ 112 level and then rebounded against the US dollar. The BCH / USD has traded above the $ 115 level and is currently trading in a range. If buyers gain strength, the pair could reach the resistance level of $ 118 or $ 120.
On the other hand, a break below the $ 115 support could perhaps reduce the price to support levels of $ 112 or $ 110.
Price Analysis EOS, Tron (TRX) and ADA
The EOS price was adjusted downward to reach the support level of $ 2.32, where buyers appeared. The price then exceeded $ 2.35 and the consolidation is underway. On the upside, the main resistance is $ 2.40.
The price of Tron struggled to gain ground above resistance levels of $ 0.0265 and $ 0.0270. The TRX price fell below $ 0.0260 and is currently trading above the $ 0.0255 support level with a minor downside.
The price of Cardano has fallen significantly in recent days and has established below support at $ 0.0380. ADA is currently trading above the $ 0.0365 level and it seems that a slight upward correction could be expected towards $ 0.0372 or $ 0.0375.
Looking at the total hourly chart of market capitalization of cryptocurrencies, we see a slight increase from the $ 106.4 billion minimum. Market capitalization rebounded above the $ 107.0-billion level, but faces strong resistance close to the $ 108.0 billion and $ 109.0 billion levels. There is also a downtrend line with resistance at $ 108.2 billion on the same chart. As a result, a break above the $ 109.0 billion resistance is needed to go up. Until then, bitcoin, ETH, XRP, tron, litecoin, EOS, stellar, IOTA and other altcoins could be traded in a range.
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