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ThecoinrepublicBitcoinCryptocurrency Price Analysis: Bitcoin Cash, Tron, Ethereum...
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Cryptocurrency Price Analysis: Bitcoin Cash, Tron, Ethereum Classic, Binance Coin, Tezos

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  • 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. 
Source: Coin360

Bitcoin Cash (BCH) Price Analysis 

BCH

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 

TRX

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 

ETC

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 

XTZ

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.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Adarsh Singh
Adarsh Singh
Adarsh ​​Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
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