Bitcoin & Crypto Market Cap Rising: LTC, BNB, BCH, TRX Analysis

The total crypto market cap broke a major resistance area near the $272.0B level.
Bitcoin price jumped more than 5% and broke the $10,600 resistance area.
Binance coin (BNB) price recovered above $28.00, but it struggled to surpass the $29.00 resistance.
Litecoin (LTC) price is still trading well below the $80.00 resistance area.
BCH price extended gains and traded above the $320 resistance level.
Tron (TRX) price struggled to climb above the $0.0180 resistance area.

The crypto market cap and bitcoin (BTC) are showing positive signs. Ethereum (ETH), litecoin, ripple, BCH, TRX, XLM, BNB and EOS might climb higher in the short term.
Bitcoin Cash Price Analysis
BCH price started a decent recovery from the $300 support area against the US Dollar. The BCH/USD pair climbed above the $315 level and recently surpassed the $320 resistance level. An immediate resistance is near the $330 level, but the main resistance is near the $340 level.
Conversely, if there is a fresh decline, the price might test the $310 level. The main support is near the $300 level, below which the price might turn bearish in the near term.
Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis
Binance coin (BNB) price remained well bid above the $27.00 level and recently recovered higher. BNB price broke the $28.00 resistance, but it seems like it is facing a strong resistance near the $29.00 level. The price is currently correcting lower and it might test the $28.00 support area.
Litecoin price is trading in a bearish zone below the $82.00 and $80.00 resistance levels. LTC price is currently consolidating above the $76.00 support, below which it could revisit the $72.00 support level. The next key support is near the $70.00 level.
Tron price recovered recently above the $0.0175 level, but it failed to post gains above the $0.0180 resistance level. TRX price is currently moving lower towards the $0.0170 support level. If there are more downsides, the price could decline towards the $0.0165 level in coming sessions.

Looking at the total cryptocurrency market cap 4-hours chart, there was a steady rise above the $265.0B resistance levels. More importantly, the market cap climbed above a crucial resistance near $272.0B and a connecting bearish trend line on the same chart. It opened the doors for more upsides, with an immediate resistance near the $280.0B and $285.0B levels. The next major resistance area is near the $300.0B level. If there is a downside correction, the $272.0B and $270.0B levels might provide support. Moreover, the broken trend line at $265.0B could also act as a support. Therefore, dips remain supported in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.
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Crypto Market Cap & Bitcoin Extending Losses: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap declined further and broke the $280.0B support area.
Bitcoin price is down more than 6% and it recently traded below the $10,800 support.
Litecoin (LTC) price is holding the key $85.00 support area and is trading in a range.
BCH price performed nicely and jumped more than 5% to break the $340 resistance.
Tron (TRX) price is grinding lower towards the $0.0200 support level.
Cardano (ADA) price is currently recovering above the $0.0525 resistance level.

The crypto market cap and bitcoin (BTC) are extending losses below key supports. Ethereum (ETH), LTC, BCH, EOS, cardano, ripple, TRX, XLM and BNB might correct higher.
Bitcoin Cash Price Analysis
Bitcoin cash price found support near the $330 level against the US Dollar. The BCH/USD pair started a fresh increase and broke the key $340 resistance level. The price is now trading near the $350 resistance and is already up more than 5% today.
If there are more gains, the price could test the $360 resistance level in the near term. On the downside, the previous resistance near the $340 level may now act as a decent support.
Cardano (ADA), Litecoin (LTC) and Tron (TRX) Price Analysis
Litecoin price started a downside correction below the $92.00 and $90.00 support levels. LTC price is now trading near the key $85.00 support level and is consolidating in a range. It seems like the price is preparing for a nice upward move above the $90.00 resistance level. Conversely, a downside break below the $85.00 support may push the price towards the $80.00 support.
Tron price is still in a bearish zone below the $0.0215 and $0.0220 resistance levels. TRX price is trading well below $0.0210 and it seems like there could be another downside break below the $0.0200 support level. The next key support is near the $0.0192 level.
Cardano price tested the $0.0510-0.0515 support area and it is currently correcting higher. ADA price broke the $0.0525 level and it could continue to rise towards the main $0.0550 resistance level. The next key resistance is near the $0.0565 level.

Looking at the total cryptocurrency market cap 4-hours chart, there were further losses below the $300.0B level. The market cap even broke the $285.0B and $280.0B support levels, dragged by bitcoin’s slide. It seems like this week’s followed declining channel is acting as a strong catalyst for the bears. If the channel remains intact, there is a risk of more losses below the $275.0B and $270.0B support levels. More importantly, if bitcoin continues to decline, there is a risk of a sharp drop in Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, ICX, XLM and other altcoins in the near term.
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These are Top Five Weekly Performers in the Crypto-Market

Bitcoin [BTC] began with a bullish break at the start of the week. It broke above the resistance near $11,000 and the bullish pressure extended above $12,000.
The de-coupling of altcoins with Bitcoin was of the notable trends during the week. While Bitcoin [BTC] is growing as a hedge against the traditional economy, the altcoins are continually losing their value proposition.
Ethereum, XRP, Litecoin, Bitcoin Cash [BCH] and so on which are one of the most robust altcoins in the past saw one of the worst weeks of trading in the past two years. The price tested 15-month lows w.r.t. Bitcoin.
Nevertheless, a slight revival was seen during the weekend in altcoins. The development and adoption of these altcoins still rest on regulatory decisions and their rate of adoption.
BTC/USD 1-Day Bitstamp (TradingView)
Opening Price: $10,725
Closing Price: $11,455
Weekly Gains: 6.8%
Weekly High/Low: $12,325/$10,986
Monero [XMR]
The price action in altcoins during the week was mostly bearish on major altcoins like Ethereum and XRP. However, the privacy-focused cryptocurrency outshined during the week as it looked to break above $100 on 7th August 2019. However, the selling pressure gripped Monero as well as it fell to test $90 levels again.
XMR/USD 1-Day Chart on Binance (TradingView)
Opening Price: $86.8
Closing Price: $91.8
Weekly Gains: 5.72%
Weekly High/Low: $99.8/$85.6
Binance [BNB] Coin
The Exchange backed tokens performed well in terms of price as it broke above $30. Binance is continually expanding its reach geographically and in terms of the number of cryptocurrencies as well.
BNB/USD 1-Day Chart on Binance (TradingView)
Opening Price: $28
Closing Price: $29.8
Weekly Gains: 4.2%
Weekly High/Low: $32.3/$25.3
Huobi Token [HT]
Another Exchange backed token that made to the list this week. The demand for Exchange backed tokens is increasing as the payments and other utility tokens as starting to lose their luster. The traders and investors are beginning to find Exchange backed tokens a better opportunity to invest in the emerging space.
Huobi Token and OBK token are two of the most popular tokens among Chinese VCs as well as their business model is backed by the monetary value of the Exchange.
HT/USD 1-Day Chart on Huobi (TradingView)
Opening Price: $4.6
Closing Price: $5.04
Weekly Gains: 9.5%
Weekly High/Low: $5.3/$4.6
EOS
The losses in altcoins were massive during the week as they exhibited an inverse relationship during the week with Bitcoin. Nevertheless, EOS was one of the smallest losers during the selling pressures. While it touched a low near $3.8, it mostly traded above $4 during the week.
EOS/USD 1-Day Chart on Binance (TradingView)
Opening Price: $4.34
Closing Price: $4.16
Weekly Loss: 4.13%
Weekly High/Low: $4.57/$3.8
*The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $1 billion is 0.3%. Hence, for Analysis purpose, we will only consider cryptocurrencies with a total market capitalization $1 billion or more. For future analysis, we’ll try to maintain ~0.25% as a standard for the calculation.
**The data is taken at around 13: 00 Hours UTC on 11th August 2019
The post These are Top Five Weekly Performers in the Crypto-Market appeared first on Coingape.
Source: CoinGape

TRON’s Sun Network V1.0 Code Is Released to Allow Unlimited Scalability

Coinspeaker
TRON’s Sun Network V1.0 Code Is Released to Allow Unlimited Scalability
TRON’s founder, Justin Sun, has announced that the first version of Sun Network’s code is released. According to Sun, the side chain is one of TRON’s 100X scalability solutions.
TRON’s Sun Network V1.0 Code Is Released to Allow Unlimited Scalability

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Source: CoinSpeaker

Crypto Market and Bitcoin Surging: BCH, EOS, TRX, ADA Analysis

The total crypto market cap climbed higher nicely and surpassed the $280.0B resistance.
Bitcoin price rallied close to 8% and broke the key $11,200 and $11,500 resistance levels.
EOS price is slowly rising towards the $4.400 and $4.500 resistance levels.
BCH price broke the $340 resistance and it could attempt to surpass the $350 resistance.
Tron (TRX) price is still consolidating above the $0.0220 support level.
Cardano (ADA) price is struggling to move higher and it is currently near the $0.0560 level.

Bitcoin price and the crypto market cap are currently gaining bullish momentum. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB could accelerate higher.
Bitcoin Cash Price Analysis
There were positive moves in bitcoin cash price above the $320 and $330 resistance levels against the US Dollar. The BCH/USD pair even broke the $340 resistance level and traded close to the $350 level. If it currently consolidating gains and it might soon make another attempt to surpass the $350 resistance level.
If there is a downside correction, an immediate support is near the $340 level. Any further losses might push the price back towards the $320 support zone in the near term.
EOS, Tron (TRX) and ADA Price Analysis
EOS price remained stable above the $4.100 and $4.200 support levels. However, it is struggling to gain bullish momentum above $4.300 and is slowly rising towards the $4.400 and $4.500 resistance levels. On the downside, the main support is near the $4.200 level.
Tron price is facing an uphill task near the $0.0230 and $0.0232 resistance levels. TRX price is currently consolidating above the $0.0220 level and it might start a decent rise. However, a successful break above the $0.0232 resistance is must for a short term upside correction.
Cardano price remained under pressure and failed to break the $0.0600 resistance area. ADA price is currently trading near $0.0560, with a key support near the $0.0550 level. On the upside, the price is facing many hurdles near the $0.0580 and $0.0600 levels. On the downside, a break below $0.0550 might push the price towards $0.0520.

Looking at the total cryptocurrency market cap 4-hours chart, there was a solid upward move above the $270.0B and $280.0B resistance levels. The market cap even broke the $290.0B resistance level and almost tested the $300.0B resistance level. If there are more upsides, the next stop could be near the $315.0B level. On the downside, there are many supports forming near the $288.0B and $285.0B levels. The main support area is near the $280.0B level (the previous resistance). Therefore, dips remain supported in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins in the near term.
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Croatian Post Went On to Trial Crypto Exchange Service

Coinspeaker
Croatian Post Went On to Trial Crypto Exchange Service
The Croatian Post collaborated with Electrocoin to operate a pilot program for a crypto-fiat exchange. It is reported that the pilot project will facilitate crypto owners to exchange Bitcoin (BTC), Ether (ETH), Stellar (XLM), XRP and EOS for fiat money.
Croatian Post Went On to Trial Crypto Exchange Service

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Source: CoinSpeaker

Bitcoin & Crypto Market Accelerating South: LTC, BNB, BCH, TRX Analysis

The total crypto market cap extended losses and broke the $260.0B support area.
Bitcoin price is down more than 6% and it recently broke the $10,000 and $9,800 supports.
Binance coin (BNB) price declined around 8% and it is back below the $30.00 support area.
Litecoin (LTC) price failed to hold the $90.00 support level and declined heavily.
BCH price declined nearly 10% and broke the key $300 and $290 support levels.
Tron (TRX) price trimmed all its recent gains and declined below the $0.0250 support.

The crypto market cap and bitcoin (BTC) are accelerating lower. Ethereum (ETH), BNB, litecoin, ripple, BCH, TRX, XLM and EOS are also showing a lot of bearish signs.
Bitcoin Cash Price Analysis
After a failed attempt near the $320 level, BCH price extended its decline against the US Dollar. The BCH/USD pair broke the key $300 and $290 support levels to move back in a bearish zone. The price is down nearly 10% and it is trading close to $275.
An immediate support is near the $270 level, below which there is a risk of more losses below the $260 support level in the near term. On the upside, the recent support near $300 is now likely to prevent gains in the near term.
Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis
Binance coin (BNB) price failed to accelerate above the $32.00 resistance and started a fresh decline. BNB price broke the $30.50 and $30.00 support levels to enter a bearish zone. Moreover, there was a break below the $29.20 support and the price seems to be approaching the $28.00 support area.
Litecoin price failed to surpass the $95.00 resistance and recently declined below $92.00. LTC price even broke the $90.00 support and entered a bearish zone. The price is down around 6% and it seems like it may soon test the $85.00 support level.
Tron price failed to continue above the $0.0300 resistance and started a sharp decline. TRX price is down around 15% and it broke the $0.0262 and $0.0250 support levels. If there are more losses, the price may revisit the $0.0215 support level.

Looking at the total cryptocurrency market cap 4-hours chart, there was a steady decline from well above the $300.0B level. The market cap broke the $280.0B support level to move into a negative zone. Recently, there was a break below the $260.0B support, opening the doors for more losses in the near term. It seems like there could be a downside extension towards the $240.0B support level in the near term. Therefore, there are chances of more downsides in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the coming sessions.
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Crypto Market and Bitcoin Showing Bearish Signs: BCH, EOS, TRX, ADA Analysis

The total crypto market cap failed to break the $290.0B resistance and recently declined below $275.0B.
Bitcoin price is down around 3% and it recently broke the $10,500 support area.
EOS price is down 5% after it failed to gain strength above the $4.400 resistance area.
BCH price failed to hold the $320 support and traded towards the $310 level.
Tron (TRX) price declined sharply by around 10% and broke the key $0.0280 support.
Cardano (ADA) price remains in a bearish zone below the $0.0650 support area.

Bitcoin price and the crypto market cap are currently showing bearish signs. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are likely to extend losses in the short term.
Bitcoin Cash Price Analysis
Recently, bitcoin cash price recovered above the $320 resistance against the US Dollar. The BCH/USD pair even tested the $340 level, but it struggled to continue higher. As a result, there was a downside correction and the price recently broke the $320 support level.
At the moment, the price is trading near the $310 level and it might soon test the $300 support level. If there are more losses, the price could even revisit the key $285 support level in the near term.
EOS, Tron (TRX) and ADA Price Analysis
EOS price failed to gains strength above the $4.400 resistance levels and recently trimmed gains. It broke the $4.250 and $4.200 support levels and is currently trading just above the $4.100 level. The main support is near $4.000, below which the price could accelerate losses in the near term.
Tron price was rejected above the $0.0300 and it recently started a sharp downward move. TRX price is down more than 10% and it broke the $0.0280 support level. An immediate support is near $0.0262, below which it could test the $0.0250 support level.
Cardano price is trading in a bearish zone below the $0.0650 pivot level. ADA price declined below the $0.0620 and $0.0600 support levels and it seems like it could continue to decline towards the $0.0575 level.

Looking at the total cryptocurrency market cap 4-hours chart, there was a rejection pattern formed near the $290.0B resistance level. The market cap declined recently and broke the $280.0B support level. It even broke the $275.0B support level and a connecting bullish trend line on the same chart. Therefore, there are chances of more losses towards the $260.0B or $250.0B support. On the upside, the broken support near $280.0B might act as a solid resistance. Overall, upsides in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins are likely to face hurdles in the near term.
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Bitcoin And Crypto Market Approaching Next Break: BCH, XLM, EOS, TRX Analysis

The total crypto market cap is currently trading in a range below the $290.0B resistance.
Bitcoin price is also consolidating above the $10,500 support and is preparing for the next move.
BCH price broke the $320 resistance, but it is struggling to gain momentum.
EOS price is up around 2% and it recently traded above the $4.100 and $4.200 resistances
Stellar (XLM) price is slowly moving higher towards the $0.0950 and $0.1000 resistance levels.
Tron (TRX) price is likely to continue higher and it might soon break the $0.0300 resistance area.

The crypto market cap and bitcoin (BTC) are preparing for the next break. Ethereum (ETH), BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) are currently showing positive signs.
Bitcoin Cash Price Analysis
After struggling for a few sessions, bitcoin cash price successfully broke the $300 resistance against the US Dollar. The BCH/USD pair even broke the key $320 resistance level and it is currently consolidating gains. An immediate resistance is near the $328 and $330 levels.
If there is an upside break above $330, the price could accelerate higher towards the $350 level. On the downside, an immediate support is at $320, below which it could revisit the $305 support area.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price started a solid recovery after forming a support base above $3.600. The price broke the key $4.000 resistance level to move into a positive zone. Moreover, the price broke the $4.200 resistance and it might continue to rise towards the $4.400 and $4.500 resistance levels.
Stellar price slowly recovered above the $0.0850 resistance level. XLM price even broke the $0.0900 resistance level and it is currently consolidating. It seems like the price could rise towards the $0.0980 and $0.1000 resistance levels in the coming sessions. On the downside, the key supports are $0.0900 and $0.0880.
Tron price is showing a lot of positive signs above the $0.0250 and $0.0280 resistance levels. TRX price is about to break the $0.0300 resistance level and it might continue to rise. The next major resistance is near $0.0320, above which it could test the $0.0350 resistance.

Looking at the total cryptocurrency market cap 4-hours chart, there was an upside extension above the $280.0B resistance level. However, the market cap struggled near the $290.0B level and remained below the 100 SMA. At the moment, the market cap is consolidating in a range, with resistance near $290.0B and support at $272.0B. If there is a downside break below $272.0B and $270.0B, there could be more losses towards $250.0B. On the upside, a close above $290.0B might spark sharp gains in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and other altcoins in the near term.
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Crypto Market and Bitcoin Could Continue Higher: BCH, EOS, TRX, ADA Analysis

The total crypto market cap started a decent recovery and broke the key $260.0B resistance.
Bitcoin price rallied around 10% and broke the $10,000 and $10,500 resistance levels.
EOS price recovered steadily and even broke the $4.00 resistance area.
BCH price is up more than 5% and it recently cleared the $300 resistance.
Tron (TRX) price gained around 8% and surpassed the $0.0250 resistance level.
Cardano (ADA) price is still struggling below the $0.0600 level.

Bitcoin price jumped more than $1,000 and the crypto market cap is up more than 10%. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are likely to continue higher.
Bitcoin Cash Price Analysis
After this past week’s significant decline, bitcoin cash price found support near the $270 level against the US Dollar. The BCH/USD pair started a decent upward move and broke the key $290 and $300 resistance levels. It is currently up around 5% and is trading near the $310 level.
If there are more gains, the price may perhaps test the $320 resistance level. On the downside, the $305 and $300 levels are decent supports, below which the price may move back in a bearish zone.
EOS, Tron (TRX) and ADA Price Analysis
EOS price is slowly recovering and it recently broke the $3.900 and $4.000 resistance levels. However, there is a strong resistance forming near the $4.200 level, where the bulls might face a tough challenge in the near term. A successful break above $4.200 could push the price towards the $4.500 level.
Tron price is gaining momentum and it gained around 20% in the past three days. TRX price broke the $0.0240 and $0.0250 resistance levels and it seems like it could continue to rise. The next major hurdle for buyers is near the $0.0265 level.
Cardano price remains in a bearish zone and it recently formed a decent support near the $0.0550 level. However, ADA price is facing a crucial resistance near $0.0600, above which the price could recover higher in the coming sessions. The next main resistance is near the $0.0650 level.

Looking at the total cryptocurrency market cap 4-hours chart, there was a steady rise from the $230.0B support area. The market cap surpassed the key $250.0B and $260.0B resistance levels. Moreover, there was a break above a major bearish trend line with resistance at $260.0B on the same chart. At the moment, the market cap is facing resistance near the $280.0B level and it might correct lower in the near term. However, the broken resistance near $260.0B may perhaps act as a key support zone. Overall, dips remain supported in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins.
The post Crypto Market and Bitcoin Could Continue Higher: BCH, EOS, TRX, ADA Analysis appeared first on NewsBTC.
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Decentralization Taking Shape On a New Platform For Dapps and Services

Coinspeaker
Decentralization Taking Shape On a New Platform For Dapps and Services
If any technology seeks to be adopted and widely used, it must have firm foundations to stand on. Credits may well be the solid ground the industry’s many participants have been seeking for turning their developments into reality.
Decentralization Taking Shape On a New Platform For Dapps and Services

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Source: CoinSpeaker

Bitcoin & Crypto Market Near Key Juncture: LTC, BNB, BCH, TRX Analysis

The total crypto market cap declined towards the $235.0B level and recently corrected higher.
Bitcoin price is also correcting higher, but it is facing hurdles near $9,800 and $10,000.
Binance coin (BNB) price recovered more than 10% and broke the $27.00 resistance area.
Litecoin (LTC) price rallied recently above the $80.00 and $85.00 resistance levels.
BCH price is slowly approaching towards the key $300 resistance area.
Tron (TRX) price is up around 10% and it is currently trading above the $0.0220 level.

The crypto market cap and bitcoin (BTC) are currently near an important juncture. Ethereum (ETH), BNB, litecoin, ripple, BCH, TRX, XLM and EOS are showing signs of a short term recovery.
Bitcoin Cash Price Analysis
After a sharp decline below the $300 level, BCH price found support near the $270 level against the US Dollar. The BCH/USD pair started an upside correction and traded above the $280 and $290 levels. It seems like the price is slowly recovering and it could soon test the key $300 resistance level.
If there is an upside break above $300, the price could correct towards the $320 level. If not, the price is likely to decline again below the $290 and $280 level in the near term.
Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis
Binance coin (BNB) price found strong support near the $24.00 level and it recently started an upward move. BNB price broke the $25.00 and $26.50 resistance levels. It even broke the $27.00 resistance and it may soon test the $27.50 resistance level.
Litecoin price found support near the $75.00 level after a massive decline. LTC price jumped higher recently and broke the $80.00 resistance level. The price is up more than 12% and it is approaching towards the $92.00 and $95.00 resistance levels, where sellers could emerge.
Tron price tested the $0.0200 support level and recently corrected higher. TRX price is up around 10% and it broke the $0.0215 and $0.0220 resistance levels. The next key resistance on the upside is near the $0.0230 and $0.0232 levels.

Looking at the total cryptocurrency market cap 4-hours chart, there was a downside extension below the $250.0B support area. The market cap moved towards the $235.0B level and formed a swing low at $234.9B. It recently corrected higher and broke the $245.0B and $250.0B resistance levels. However, there is a strong resistance formed near the $260.0B level and a bearish trend line, which is currently acting as a barrier. If there is an upside break above the trend line, there could be a decent comeback n bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.
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Crypto Market And Bitcoin Facing Many Hurdles: BCH, BNB, EOS, TRX Analysis

The total crypto market cap recovered after it dived towards the $250.0B support area.
Bitcoin price also corrected higher above the $10,500 and $10,800 resistance levels.
EOS price is currently consolidating above the $4.100 support area.
Binance Coin (BNB) settled below the $30.00 level and it is currently trading near $28.00.
BCH price is up more than 10% and it broke the $280 and $300 resistance levels.
Tron (TRX) price is slowly recovering and it recently broke the $0.0250 resistance area.

Bitcoin and the crypto market cap started a decent upside correction, but facing many hurdles. Ethereum (ETH), binance coin (BNB), BCH, ripple, tron (TRX), litecoin and EOS could resume their decline.
Bitcoin Cash Price Analysis
After a significant decline, BCH price found support near the $260 level against the US Dollar. The BCH/USD pair started a decent upward move and broke the $275 and $280 resistance levels. The price is up more than 10% and it recently broke the $300 resistance level.
The next resistance on the upside is near the $320 level. If the price fails to continue higher, it could decline once again towards the $280 support level in the near term.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price spiked towards the $4.000 support area during the recent slide. Recently, the price started an upside correction and moved above $4.100. The price is currently consolidating near $4.200, with a strong resistance near the $4.400 and $4.450 levels. On the downside, the $4.100 and $4.000 levels are important supports for the current wave.
Tron price declined heavily and even broke the $0.0240 support area. TRX price tested the $0.0230 level and it recently corrected higher. The price is now trading above the $0.0250 level, but it might struggle to move above the $0.0265 and $0.0272 resistance levels in the near term.
Binance coin (BNB) settled below the key $30.00 support area. BNB price is now consolidating near the $28.00 level and it could struggle to climb above the $28.50 and $29.20 resistance levels. The main resistances are near the $30.00 and $30.20 levels.

Looking at the total cryptocurrency market cap 4-hours chart, there was a sharp decline below the $300.0B support area. The market cap even broke the $280.0B support and moved close to the $250.0B support area. A swing low was formed near $254.0B and the market cap recently recovered higher. It broke the $260.0B and $270.0B levels, but the previous support near the $280.0B and $285.0B levels acted as a strong hurdle. The current technical structure suggests that there could be more declines in the market cap. Therefore, bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX are likely to struggle to continue higher.
The post Crypto Market And Bitcoin Facing Many Hurdles: BCH, BNB, EOS, TRX Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Market and Bitcoin Signaling More Downsides: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is down more than $50.0B and it recently tested the $255.0B support.
Bitcoin price is down more than 10% and even spiked below the $10,000 support level.
EOS price broke the $4.50 support level and traded towards the $4.20 support zone.
BCH price is down around 20% and it even traded below the $300 support level.
Tron (TRX) price jumped around 10% and is currently trading above $0.0350.
Cardano (ADA) price broke the key $0.0700 and $0.0600 support levels.

Bitcoin price declined heavily below $10,500 and the crypto market cap is down around $50.0B. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB declined between 10%-25%.
Bitcoin Cash Price Analysis
After this past week’s downside break, bitcoin cash price started a major decline below the $360 support against the US Dollar. The BCH/USD pair even broke the $320 and $300 support levels to enter a major downtrend. The price is down around 20% and it is currently trading near the $280 level.
If the price continues to move down, it could trade towards the next major support near the $250 level. On the upside, the previous supports near $300 and $320 are likely to act as hurdles in the near term.
EOS, Tron (TRX) and ADA Price Analysis
EOS price was down more than $2.00 in the past few days. The price even broke the $5.000 and $4.500 support levels. It traded towards the $4.200 support level and it is currently correcting higher. On the upside, there is a strong resistance forming near the $4.500 and $4.600 levels.
Tron price is down around 15% and it recently broke the key $0.0320 and $0.0300 support levels TRX price even traded below the $0.0260 support and tested the $0.0240 level. It seems like the price may extend losses towards the $0.0225 support area.
Cardano price is under a lot of pressure and it recently broke the $0.0700 and $0.0600 support levels. ADA price is down 13% and is trading near the $0.0580 level. The next key support is near the $0.0560 level.

Looking at the total cryptocurrency market cap 4-hours chart, there was a significant downside break below the $315.0B and $300.0B support levels. The market cap declined more than $50.0B recently and moved towards the $255.0B and $250.0B support levels. A swing low was formed near $254.0B and the market cap is currently correcting higher. However, there are many important resistances on the upside near the $275.0B and $280.0B levels. Therefore, an upside recovery in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins is likely to remain capped in the near term.
The post Crypto Market and Bitcoin Signaling More Downsides: BCH, EOS, TRX, ADA Analysis appeared first on NewsBTC.
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Tron beats ETH and EOS in the DApp game, surpassing the two in weekly trading volume

Tron network primarily focuses on creating entertainment-based decentralized applications and has seen a howling success in the same.Tron recently surpassed the 500 DApps mark and reported 513 DApps on the network, along with an increase in transaction volume and smart contracts. According to the latest DApp Review report, Tron recorded a seven-day volume of USD 77,187,891.96, […]
The post Tron beats ETH and EOS in the DApp game, surpassing the two in weekly trading volume appeared first on AMBCrypto.
Source: AMB Crypto