THELOGICALINDIAN - The crypto bazaar angry bearish afresh and absent added than 2024B Bitcoin BCH Ethereum XRP Stellar XLM Tron TRX and Cardano ADA confused into the red zone
Bitcoin Cash Price Analysis
The accomplished three sessions saw a solid acceleration in affairs interest, consistent in a aciculate abatement in bitcoin banknote from able-bodied aloft the $150 support. BCH/USD is bottomward about 20% and it bankrupt the $150 and $140 abutment levels. The amount is currently trading abreast the $130 level, with an actual abutment at $124.
On the upside, an antecedent attrition is abreast the $135 level, aloft which the $140 akin may act as a solid attrition for buyers.
Stellar amount started a downside move from able-bodied aloft the $0.1200 level. XLM bankrupt the key $0.1150 and $0.1100 abutment levels. The amount is currently accumulation aloft the $0.1000 level, and it may actual a few points.
Tron amount rallied recently and bankrupt the $0.0300 barrier. However, the contempo abatement in bitcoin resulted in a bead in TRX beneath the $0.0300 support. The amount is bottomward about 15% and it may anon analysis the $0.0240 support.
Cardano amount aloof afterwards testing the $0.0540 and $0.0550 attrition levels. ADA is bottomward 20% and it is currently trading beneath the $0.0450 support. The abutting key abutment is at $0.0420 and attrition is at $0.0450.
Looking at the absolute cryptocurrency bazaar cap alternate chart, there was a able bottomward move from the $135.70B beat high. The bazaar cap beneath beneath abounding key supports such as $130.00B and $125.00B. It activated the $116.00B akin and charcoal at a accident of added losses. Therefore, bitcoin, Ethereum, EOS, stellar, litecoin, ripple, icon, TRX and added altcoins may extend losses in the abreast term.
