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Key points
- The total market capitalization failed to gain pace and fell below $ 100.00B.
- The stellar price (XLM) decreased by more than 6% and broke the support of $ 0.120.
- Bitcoin's cash price dropped sharply by about 10% and broke $ 90 support.
- Tron (TRX) is still stuck on the $ 0.0130 support level.
- The price of Cardano (ADA) decreased once again under $ 0.0300 and could slip further.
Bitcoin money declined heavily and broke the $ 95 and $ 90 media. Stellar (XLM), Tron (TRX) and Cardano (ADA) are currently under pressure and may slip further.
Bitcoin cash price analysis
During the last few hours, there was a sharp increase in bitcoin cash sales pressure below the $ 95 support. BCH / USD declined by more than 10% and traded below the support of $ 90. If the current drop spreads, the price could slide further towards the $ 85 support.
If there is an upward correction, the price may find resistance near the $ 90 and $ 92 levels. The downside, a break below $ 85 can push the price towards $ 80.
Stellar (XLM), Tron (TRX) and ADA price analysis
The stellar price fell below the support area of $ 0.1200 to move into a bearish zone. XLM is down more than 6% and appears to be close to the support area of $ 0.1000. On the upside, the previous support at $ 0.1200 can now act as a resistance.
The price of Tron remained stable and there was no significant drop below the $ 0.0130 support. The TRX price seems to be in preparation for the next crucial break above the $ 0.0150 level or below $ 0.0120.
The price of Cardano failed to stay above the support of $ 0.0300 and has fallen recently. The ADA price is down about 4% and may extend the current decline to the support level of $ 0.0290 or $ 0.0285.
Looking at the maximum time chart of the cryptocurrency capital cap, there was a sharp bearish reaction near the $ 106.00B level and a bearish trend line. Market capitalization has declined dramatically and has even shifted below the $ 100.00B level. It seems that the cryptography market is under many bearish pressures and that the market capitalization may even drop below $ 98.00 billion, causing further losses in Bitcoin, Ethereum, monero, stars, undulations and other short-term altcoins.
