Bitcoin And Crypto Market Rebound Facing Hurdles: BCH, XLM, EOS, TRX Analysis
- The total crypto market cap declined to $242.0B and is currently correcting higher.
- Bitcoin price is currently correcting higher and is trading above the $10,200 level.
- BCH price stayed above the $300 support and it is currently near the $310 level.
- EOS price is currently consolidating above the key $3.500 support area.
- Stellar (XLM) price is slowly recovering higher towards the $0.0700 and $0.0720 resistance levels.
- Tron (TRX) price is trading in a strong downtrend below $0.0200 and $0.0180.
Bitcoin (BTC) and the crypto market cap are recovering towards key resistances. (ETH), BCH, stellar (XLM), ADA, EOS, , and tron (TRX) are trading in a major downtrend.
Bitcoin Cash Price Analysis
Recently, BCH price started a fresh decline after tagging the $355 level against the US Dollar. The BCH/USD pair declined below the $340 and $330 support levels. It tested the $305 level and it is currently consolidating near the $310 level. On the upside, an immediate resistance is near the $315 and $320 levels.
On the downside, the main supports are near $305 and $300.