{"id":389033,"date":"2019-07-08T05:00:30","date_gmt":"2019-07-08T05:00:30","guid":{"rendered":"https:\/\/uniquehot.com\/?p=389033"},"modified":"2024-06-11T13:45:09","modified_gmt":"2024-06-11T13:45:09","slug":"crypto-market-and-bitcoin-facing-hurdles-bitcoin-bch-eos-trx-ada-analysis","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-market-and-bitcoin-facing-hurdles-bitcoin-bch-eos-trx-ada-analysis\/","title":{"rendered":"Crypto Market and Bitcoin Facing Hurdles: Bitcoin, BCH, EOS, TRX, ADA Analysis"},"content":{"rendered":"<ul>\n<li>The total crypto market cap recovered recently, but struggled to break the $320.0B resistance.<\/li>\n<li>Bitcoin price seems to be struggling to gain momentum above the $11,500 resistance.<\/li>\n<li>EOS price is slowly recovering and it could attempt to clear the $6.000 resistance.<\/li>\n<li>BCH price climbed back above the $400 resistance area, with a few positive signs.<\/li>\n<li>Tron (TRX) price jumped around 10% and is currently trading above $0.0350.<\/li>\n<li>Cardano (ADA) price managed to recover above the $0.0800 resistance area and is up around 4%.<\/li>\n<\/ul>\n<p><em>Bitcoin price is facing resistance near $11,500 and the crypto market cap is struggling near $320.0B. <a href=\"https:\/\/uniquehot.com\/2019\/07\/08\/ethereum-eth-price-breaks-key-resistance-outpaces-bitcoin\/\" target=\"_blank\" rel=\"noopener noreferrer \">Ethereum<\/a> (ETH), EOS, Tron (TRX), BCH, <a href=\"https:\/\/uniquehot.com\/2019\/07\/08\/ripple-price-xrp-showing-positive-signs\/\" target=\"_blank\" rel=\"noopener noreferrer \">ripple<\/a>, ADA and BNB are showing a few positive signs.<\/em><\/p>\n<h2>Bitcoin Cash Price Analysis<\/h2>\n<p>After a slow and steady decline, bitcoin cash price found support near the $390 level against the US Dollar. The BCH\/USD pair started a decent upward move and recently climbed above the $400 resistance. The pair is currently trading with a positive bias and it could continue to rise towards the $410 resistance.<\/p>\n<p>The main resistances are near the $420 and $425 levels, above which the pair could accelerate gains towards the $440 level. On the downside, the main support area is near $400 and $390.<\/p>\n<h2>EOS, Tron (TRX) and ADA Price Analysis<\/h2>\n<p>EOS price remained stable above the $5.800 support area and it recently corrected above the $5.900 level. The price is up more than 2% and it seems like the bulls could make an attempt to surpass the key $6.000 resistance area.<\/p>\n<p>Tron price found a strong support above $0.0300 and recently started a strong rise. TRX price is up around 10% and it broke the $0.0325 and $0.0335 resistance levels. It is now above the $0.0350 resistance and it could continue to rise.<\/p>\n<p>Cardano price broke the $0.0800 support level this past week. However, the decline was contained and recently ADA price climbed back above the $0.0800 level. It is currently up 4% and it could soon test the $0.0820 resistance.<\/p>\n<p><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Crypto-Market-Cap-Total-5.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-389034\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Crypto-Market-Cap-Total-5.png?resize=1828%2C868\" alt=\"Bitcoin Crypto Market Cap Altcoins ETH, XRP, BCH, LTC, EOS, TRX, ADA, BNB\" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Crypto-Market-Cap-Total-5.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Crypto-Market-Cap-Total-5.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Crypto-Market-Cap-Total-5.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Crypto-Market-Cap-Total-5.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Crypto-Market-Cap-Total-5.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Crypto-Market-Cap-Total-5.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Crypto-Market-Cap-Total-5.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Looking at the total cryptocurrency market cap 4-hours <a href=\"https:\/\/www.tradingview.com\/symbols\/CRYPTOCAP-TOTAL\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, there is a decent support base formed near the $300.0B level. The market cap recently climbed higher and broke the $315.0B resistance. However, it struggled to clear the $320.0B resistance and a major bearish trend line on the same chart. The next key resistance is near the $330.0B level, above which it could test the $340.0B resistance area. On the downside, the main support is near the $300.0B level. Overall, if there is an upside break above the $320.0B resistance level, there could be sharp gains in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total crypto market cap recovered recently, but struggled to break the $320.0B resistance. Bitcoin price seems to be struggling to gain momentum above the $11,500 resistance. EOS price is slowly recovering and it could attempt to clear the $6.000 resistance. BCH price climbed back above the $400 resistance area, with a few positive signs. Tron (TRX) price jumped around 10% and is currently trading above $0.0350. Cardano (ADA) price managed to recover above the $0.0800 resistance area and is up around 4%. Bitcoin price is facing resistance near $11,500 and the crypto market cap is struggling near $320.0B. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are showing a few positive signs. Bitcoin Cash Price Analysis After a slow and steady decline, bitcoin cash price found support near the $390 level against the US Dollar. The BCH\/USD pair started a decent upward move and recently climbed above the $400 resistance. The pair is currently trading with a positive bias and it could continue to rise towards the $410 resistance. The main resistances are near the $420 and $425 levels, above which the pair could accelerate gains towards the $440 level. On the downside, the main support area is near $400 and $390. EOS, Tron (TRX) and ADA Price Analysis EOS price remained stable above the $5.800 support area and it recently corrected above the $5.900 level. The price is up more than 2% and it seems like the bulls could make an attempt to surpass the key $6.000 resistance area. Tron price found a strong support above $0.0300 and recently started a strong rise. TRX price is up around 10% and it broke the $0.0325 and $0.0335 resistance levels. It is now above the $0.0350 resistance and it could continue to rise. Cardano price broke the $0.0800 support level this past week. However, the decline was contained and recently ADA price climbed back above the $0.0800 level. It is currently up 4% and it could soon test the $0.0820 resistance. Looking at the total cryptocurrency market cap 4-hours chart, there is a decent support base formed near the $300.0B level. The market cap recently climbed higher and broke the $315.0B resistance. However, it struggled to clear the $320.0B resistance and a major bearish trend line on the same chart. The next key resistance is near the $330.0B level, above which it could test the $340.0B resistance area. On the downside, the main support is near the $300.0B level. Overall, if there is an upside break above the $320.0B resistance level, there could be sharp gains in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins.<\/p>\n","protected":false},"author":67,"featured_media":347588,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12333,10765,13291,10736,11427,1119,10598,11808,11993],"class_list":["post-389033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-bch","tag-binance-coin","tag-bitcoin-cash","tag-bnb","tag-btc","tag-eos","tag-tron","tag-trx"],"acf":[],"yoast_head":"\n<title>Crypto Market and Bitcoin Facing Hurdles: Bitcoin, BCH, EOS, TRX, ADA Analysis<\/title>\n<meta name=\"description\" content=\"Bitcoin price is facing resistance near $11,500 and the crypto market cap is struggling near $320.0B. 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