- The total market cap has made a sharp U-turn and dropped below the support of $ 115.00.
- The EOS price fell about 5% and broke support levels of $ 2.45 and $ 2.40.
- Bitcoin's cash price is under pressure and has recently broken the support level of $ 125.
- The price of Tron (TRX) failed to stay above the $ 0.0250 support and could revise $ 0.0220.
- The Cardano price (ADA) fell more than 6% compared to the support level of $ 0.0450.
Bitcoin and the entire cryptography market have fallen dramatically in the last hours. BTC, Ethereum, ripple, EOS, BCH, ADA and altcoin are currently under intense sales pressure.
Bitcoin cash price analysis
Bitcoin cash prices failed to remain above the support level of $ 130 and recently began to fall sharply against the US dollar. BCH / USD fell below $ 126 and $ 125 support to move into a bearish zone. The price drops by around 5.5% and may continue to fall towards support levels of $ 120 or $ 118.
If there is an upward correction, previous supports near the $ 125 and $ 126 levels can now act as barriers for shoppers in the short run.
Price analysis EOS, Tron (TRX) and ADA
The EOS price fell about 5% after it failed to gain pace over the resistance of $ 2.65. The price has fallen below support levels $ 2.50 and $ 2.40. The next key support is $ 2.30 where buyers are likely to emerge.
Tron's price cut most of his recent earnings and fell below support levels of $ 0.0260 and $ 0.0250. The TRX price is down 3.5% and looks like it could continue to decline towards the $ 0.0220 support.
Cardano's price fell more than 6% after breaking the $ 0.0460 support. The ADA price is now trading near the $ 0.0430 level, with immediate support at $ 0.0420. The next major support is $ 0.0412, followed by $ 0.0405.
Looking at the hourly chart of the total capital cap of the cryptocurrency, there was a strong downward reaction from well above the $ 122.00B level. Market capitalization fell sharply below the $ 120.00 B support and a major bullish trend line on the same table. It opened the door to further losses and the market cap reached the support level of $ 112.00B. There may be short-term corrections, but the increases in BTC, ETH, tron, litecoin, EOS, ripple, XLM, IOTA and other altcoins remain limited.