Crypto Market Update: Monero (XMR), Bitcoin SV, Tron (TRX), ADA Price Analysis


Key Points

  • The total crypto market cap extended declines below $ 107.00B and it could slide further.
  • Monero (XMR) price is under pressure $ 50 and it could test $ 40.
  • Bitcoin SV price is declining towards the $ 90 support level.
  • Tron (TRX) is stable above the $ 0.0130 support level.
  • Cardano (ADA) price is down more than 3% and is testing the $ 0.0300 support level.

Bitcoin SV is struggling to recover above the $ 100 handle. Monero (XMR), Tron (TRX) and Cardano (ADA) are down and they could continue to decline in the short term.

Bitcoin SV Price Analysis

After pushing above the $ 100 handle, SV bitcoin failed to hold gains and declined below the $ 98 and $ 95 support levels. The price is down around 7% and it seems like it may test the $ 90 support level. If there are more losses, the price may even test the $ 88 level.

On the upside, key hurdles are near the $ 98 and $ 100 levels. As low as the price is below $ 100, bitcoin SV is likely to extend losses in the coming sessions.

Monero (XMR), Tron (TRX) and ADA Price Analysis

Monero price declined heavily recently after it broke the $ 50 support level. XMR is down around 6% and it may continue to slide towards the $ 42 or $ 40 support levels. On the upside, the main resistance is at $ 50, above which the price could climb higher.

Tron price is currently flat near the $ 0.0135 level. On the downside, an initial support is at $ 0.0130, followed by the key $ 0.0120 level. On the upside, TRX buyers need to clear the $ 0.0150 resistance for a decent recovery.

Cardano price is still holding the $ 0.0300 support level. If ADA sellers gain peace below $ 0.0300, there are chances of heavy losses towards the $ 0.0285 and $ 0.0280 support levels. Resistances are at $ 0.0315 and $ 0.0320.

Cryptoc Market Cap Total

Looking at the total cryptocurrency market cap hourly chart, there was a rejection near the $ 113.00B level. The market cap declined recently below $ 110.00B and $ 108.00B, and is currently near a major bullish trend line with $ 105.00B, below which the next stop could be $ 100.00B. Therefore, there are more losses in bitcoin, Ethereum, ADA, ripple, tron, XLM and other altcoins in the next few hours.

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