The entire crypto market cap is currently in a heavy downtrend. Bitcoin, Ethereum, Bitcoin Cash, Stellar, ADA, EOS, Ripple and Tron are under <a href="https://www.cryptoknowmics.com/crypto/darkness-looms-against-stellar-bearish-run/">heavy</a> selling pressure. Recently, Bitcoin Cash (BCH) dropped heavily below the $265 support area against the United States Dollar.

Meanwhile, the price would go on to break the  $250 support area and trade below $235. At the moment, BCH is consolidating  losses above $240 and facing strong resistance tides near the levels $250 and $255. 

The main resistance is currently around the $265 level. On the downside, an initials support will form around the $235 level.  Below which the price could test the $255 price level.  
<h2>Stellar (XLM), EOS and Tron (TRX) Price Analysis</h2>
EOS price has dropped sharply in the past few days and broke several key supports near the $3.500 and $3.350. The asset’s price perfomance is now trading on a <a href="https://www.tradingview.com/script/ACZKdKyr-Bullish-Bearish-Zone/">bearish zone</a> and seems to be approaching the $3.050 and $3.000 support levels A downside break below $3.000 could as well push the price towards the low end of the $2.850 support. 

On the other hand is Steller (XLM) trimming most of its gains from above the $0.0700 level and is currently on a decline below the $0.0168. XLM price also broke below the $0.0650 support and seems likely to find its support around the $0.0620 area. On the upside though, the $0.0665 could as well pose as a resistance level. 

Tron price also faced an increasing selling pressure after breaking the $0.0185 support area. TRX price is down below 4% and is now trading close to the $0.0165 support area. In case there are more losses, the price could probably take on a downward trend towards the $0.0152 support area. 
<h2>Crypto Market Capitalization on the Verge of Decline</h2>
Meanwhile, the total crypto market cap  on the 4-hour chart is entirely bearish and shows possible signs of dropping below the $220.0 Billion and $230.0 Billion resistance levels. On the market cap downside, a possible drop towards the $200.0 Billion support is on the cards.

&nbsp;

BCH XLM, EOS, TRX Price Analysis, Crypto Market Cap Dive to $200 Billion

The entire crypto market cap is currently in a heavy downtrend. Bitcoin, Ethereum, Bitcoin Cash, Stellar, ADA, EOS and Tron under heavy selling pressure.

Richard is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates him, he finds the intersection of both technology and finance mind-blowing. The firm belief that fintech will drive the future has brought him to the crossroads of Fintech discoveries and transmission of immutable data to a wider audience.

BCH XLM, EOS, TRX Price Analysis, Crypto Market Cap Dive to $200 Billion

Top Picks