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Bitcoin And Crypto Market Facing Hurdles: BCH, Tron, XLM, ADA Analysis
The total crypto market cap is currently correcting higher towards the $240.0B resistance.Stellar (XLM) price is performing nicely and it is up more than 5% above the $0.0750 resistance.Bitcoin cash price is likely to break the $300 resistance area in the near term.Tron (TRX) price is facing hurdles near the key $0.0200 resistance area.Cardano (ADA) price is consolidating below the key $0.0450 and $0.0465 resistance levels.The crypto market cap and bitcoin (BTC) are correcting higher. Crypto Market CapMoreover, there is a connecting bearish trend line forming with resistance near the $242.0B level. Therefore, an upside break above $242.0B is needed for a decent upward move. If not, there are chances of another decline in bitcoin, Ethereum, EOS, stellar, LTC, ADA, EOS, ripple, TRX and other altcoins in the near term.
Author: Aayush Jindal
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