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- The total limit of the encrypted market has plummeted and has shrunk by over $ 20.00 billion in the last 2 hours.
- The Stellar price (XLM) fell more than 15% and tested the support of $ 0.1000.
- The cash price of Bitcoin has plummeted by 20% and broke support levels $ 150 and $ 140.
- Tron (TRX) has cut most of his recent earnings and traded below the $ 0.0280 level.
- The price of Cardano (ADA) is down about 20% and has exceeded the support level of $ 0.0450.
The crypto market has recently become bearish and has lost more than $ 20.00B. Bitcoin, BCH, Ethereum, XRP, Stellar (XLM), Tron (TRX) and Cardano (ADA) moved into the red zone.
Bitcoin cash price analysis
The last three sessions saw a sharp increase in selling interest, resulting in a sharp decline in bitcoin money well above the $ 150 support. BCH / USD is down about 20% and has broken support levels $ 150 and $ 140. The price is currently trading near the $ 130 level, with immediate support for $ 124.
On the upside, initial resistance is close to the $ 135 level, above which the $ 140 level can be a solid resistance for buyers.
Stellar (XLM), Tron (TRX) and ADA price analysis
The stellar price began a downward movement from well above the $ 0.1200 level. XLM broke the $ 0.1150 key and $ 0.1100 support levels. The price is consolidating above the $ 0.1000 level and may correct some points.
Tron's price recently reorganized and broke the $ 0.0300 barrier. However, the recent decline in bitcoin led to a fall in the TRX below the $ 0.0300 support. The price is down about 15% and could soon test the $ 0.0240 support.
Cardano's price retreated after testing resistance levels of $ 0.0540 and $ 0.0550. The ADA is down 20% and is currently trading below the support of $ 0.0450. The next key support is $ 0.0420 and the resistance is at $ 0.0450.
Looking at the total time chart of the cryptocurrency capital cap market, there was a sharp downward movement from the $ 135.70 billion rise. Market capitalization has fallen below many key supports such as $ 130.00 B and $ 125.00 B. It has tested the $ 116.00 B level and remains at risk of further losses. Therefore, bitcoins, Ethereum, EOS, stellar, litecoin, ripple, icon, TRX and other altcoins can extend short-term losses.
