RATE Group | Crypto Market and Bitcoin Reversing Gains: BCH, EOS, TRX, ADA Analysis
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Crypto Market and Bitcoin Reversing Gains: BCH, EOS, TRX, ADA Analysis

26 Jul Crypto Market and Bitcoin Reversing Gains: BCH, EOS, TRX, ADA Analysis

Posted at 07:52h in Bitcoin News by

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  • The total crypto market cap failed to break the $270.0B resistance and recently declined below $260.0B.
  • Bitcoin price is down around 4% and it recently broke the $10,000 support area.
  • EOS price is somehow holding gains and it could find support near the $4.400 level.
  • BCH price failed to stay above the $300 support and traded towards the $295 level.
  • Tron (TRX) price is down 5% and it may soon test the $0.0220 support area.
  • Cardano (ADA) price failed to climb above the $0.0600 resistance and declined below $0.0580.

Bitcoin price and the crypto market cap are currently declining with a bearish structure. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are likely to extend losses.

Bitcoin Cash Price Analysis

Recently, bitcoin cash price managed to climb above the $290 and $300 resistance levels against the US Dollar. However, the BCH/USD pair failed to gain momentum above the $310 level. As a result, there was a downside reaction and the pair broke the $300 support level.

An immediate…

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