- The crypto market is facing bearish momentum for past two days bringing major crypto assets onto their supporting levels.
- Bitcoin has reached below $10,000 but there has been a rise in its market dominance which is 63.39%.
- Ethereum is about to touch its major support level of $250.00 with the current price of $252.58.
- The overall market capitalization stands at $282,814,955,199 with the 24H volume traded of $180,580,255,573.
Bitcoin Cash (BCH) Price Analysis
Bitcoin cash has been one of the top vulnerable crypto assets in this bearish market. BCH has broken and gone below the major mark of $400 yesterday. But somehow it managed to close around $415.00 mark.
But, today BCH bears brought it down below $400 mark again with a downtrend of -12.65% bringing the current price around $391.69. The market capitalization is of $7,161,196,593 and the 24H volume traded of
$6,015,846,854. The support level of $375.00 acted and provided it positive momentum to reach a $390.00 mark. BCH can gain positive momentum if it closes above $400 today. The further downfall from the major support level of $375.00 can result in a significant bearish rally.
Tron (TRX) Price Analysis
The bearish market forces also affected Tron adversely. It is dipped by -12.33% bringing the current price around $0.021 mark. The market capitalization of TRX is around $1,420,505,012 and the 24H volume traded of $1,935,331,146. Tron found a multi-support level of $0.20 in today’s market.
If it goes below the mark of $0.020, we can see a long bearish momentum for this altcoin. If it gains positive momentum from here, the resistance will be around $0.023.
Ethereum Classic (ETC) Price Analysis
Ethereum Classic is also facing major price corrections and dipped by -12.12% bringing the current price to $9.13. The market capitalization is of $1,061,664,282 and the 24H volume traded of $2,986,773,965.
However, the downfall isn’t able to break ETC bulls below $9.00 mark. There is a small resistance level for ETC which will be around $9.60. But, any break below $9.00 from now will indicate a major price pullback.
Binance Coin (BNB) Price Analysis
BNB bears have forced the price to break two major support levels of $24.00 and $23.00 respectively in today’s market. The downfall in the crypto asset has brought the price of $22.80 and dipped by -7.78%.
The market capitalization is of $3,545,593,751 and the 24H volume traded of $469,527,712. It started with a price of around $24.70. After breaking the major support levels, BNB bulls will find new support at $22.00 and $21.50 respectively.
Tezos (XTZ) Price Analysis
Tezos is also facing a downtrend of -7.94% bringing the current price to the support level of $3.00. The market capitalization is of $2,083,829,991 and the 24H volume traded of $231,857,132. The support level of $2.80 came into the act and brought back the altcoin to $3.00 again.
However, it faced a small resistance at $3.20. Tezos have made a significant bullish run this year but the bearish market forced it to a dropdown. Still, XTZ bulls have the potential to come into play and target a $4.00 mark.
We are sorry that this post was not useful for you!
Let us improve this post!
Tell us how we can improve this post?