Bitcoin And Crypto Market Remains Vulnerable: BCH, XLM, EOS, TRX Analysis
- The total crypto market cap declined heavily and tested the $285.0B support area.
- Bitcoin price is under a lot of pressure and it recently tested the $11,000 support area.
- BCH price is down 5% today and it settled below the $350 support area.
- EOS price is currently correcting higher, but it may face hurdles near the $4.80 level.
- Stellar (XLM) price tumbled below the $0.0900 level and even tested the $0.0850 support.
- Tron (TRX) price extended losses by more than 8% and broke the $0.0300 support area.
The crypto market cap and bitcoin (BTC) declined heavily below key supports. (ETH), BCH, stellar (XLM), ADA, EOS, , and tron (TRX) are currently under a lot of selling pressure.
Bitcoin Cash Price Analysis
There was a strong decline in bitcoin cash price after it broke the key $380 support area against the US Dollar. The BCH/USD pair even traded below the $360 support and settled below the $350 level. The pair is currently consolidating losses, but it remains at a risk of more losses below $340 and $335.