Crypto Market Facing Uphill Task: EOS, Bitcoin Cash, TRX, ADA Price Analysis
The total crypto market cap found support near $121.0B and later recovered above $124.0B.
EOS price corrected lower sharply and traded below the $3.80 and $3.60 support levels.
Bitcoin cash price is currently trading nicely above the $132 and $130 supports.
Tron (TRX) price is under pressure below the $0.0250 and $0.0248 resistance levels.
Cardano (ADA) price is currently holding the $0.0420 support area, with a positive angle.
Former Google Engineer Uncovers 96% Of Privacy Altcoin Addresses
Monday November 18, 2019
Last week, privacy-focused crypto altcoin GRIN made news after the development team received a donation from an early Bitcoin whale interested in supporting future development of the budding technology built on a unique blockchain...
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The crypto market recovery is facing a lot of hurdles on the upsides. Gains in bitcoin (BTC), Ethereum (ETH), EOS, BCH, ripple, tron (TRX), ADA and other altcoins are likely to face resistance.
Bitcoin Cash Price Analysis
Bitcoin cash price failed to stay above the $145 and $140 support levels against the US Dollar. The BCH/USD pair declined sharply and broke key supports near the $140 and $138 levels. However, the $130-132 zone acted as a support and later the price corrected higher.
It is currently up around 3.5% and it could retest the $140 resistance level. If there is an upside break above the $140 resistance, the price may perhaps revisit the $145 level. On the downside, the key supports are near $135 and $132.
EOS, Tron (TRX) and ADA Price Analysis
EOS price trimmed most of the last week’s gains from well above the $4.00 level. The price traded below the $3.85 and $3.80 support levels to start a bearish wave. The price even broke the $3.60 support level. At the moment, the price is trading above the $3.50 support and it seems like it could correct higher towards the $3.65 and $3.70 resistance levels.
Tron price remained in a bearish zone below the $0.0250 resistance level. There were mostly bearish moves in TRX and the price declined below the $0.0250 and $0.0248 support levels. It must stay above the $0.0240 level to avoid further losses in the near term.
Cardano price declined recently, but the $0.0400 support area acted as a barrier for buyers. ADA price is currently trading above the $0.0420 level and it seems like the price may rise towards the $0.0450 level in the coming sessions.
How the Unbanking of Former PayPal CFO by BoA Shows Bitcoin’s Merit
Monday November 18, 2019
If you have perused Crypto Twitter at all over the past few months, you’ve likely encountered “Bitcoin fixes this.” The meme, which has quickly become an industry favorite, has become somewhat of a...
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Looking at the total cryptocurrency market cap hourly chart, there was a sharp decline from well above the $138.0B level. The market cap broke the key $128.0B support to enter a bearish zone. It traded towards the $120.0B support level and later started an upside correction. However, there are many resistances on the upside near the $128.0B and $130.0B level. The main supports are at $124.0B and $122.0B. Therefore, if bitcoin, ETH, XRP, tron, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins correct higher, they are likely to face a lot of hurdles.
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Bitcoin Mining Now Consumes A Quarter Percent Of Global Electricity
Wednesday November 13, 2019
Bitcoin mining consumes a large amount of energy, and in return for the upfront electricity costs, miners are rewarded with a set amount of BTC for validating each block added to Bitcoin’s blockchain. As...
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