The Cryptocurrency market faced huge bearish momentum in the last 24 hours with the upcoming bitcoin cash hardfork on the head. All major cryptocurrencies fell at least 15% to 20% in just a few hours.
Bitcoin Cash Price Analysis
Bitcoin Cash Price fell down from $534 to a sliding price of $421 falling more than 23% in the last 24 hours. The price fall is probably because of the upcoming hardfork of the cryptocurrency. BCH has major support at $426 and the major resistance at around $450. BCH is currently trading at $439.4 (at the time of writing). The price is expected to rise after the hardfork is successful.
Stellar Price Analysis
XLM Price showed massive bearish momentum in the last 24 hours with the cryptocurrency falling from $0.262 up to $0.222. The cryptocurrency is currently trading around $0.2318 with the major support at $0.2258 and the resistance at $0.2374. XLM price may experience some more bearish momentum before gaining bullish pace again.
IOTA Price Analysis
IOTA Price fell massively ranging between $0.51 up to $0.405 showing a massive downfall of more than 19% in the last 24 hours. The cryptocurrency is currently trading at around The major support is $0.406 with the major support at $0.4 and the resistance at around $0.416. A little bullish momentum is foreseen in the upcoming few hours.
Ethereum Classic Price Analysis
ETC Price fell more than 18% in the last 24 hours with the cryptocurrency trading at $9.42 yesterday falling up to $6.8 today. The cryptocurrency is currently trading at $7.77 (at the time of writing) with the major support at $7.56 and resistance at $8.22.
Cardano Price Analysis
Cardano also followed the market downtrend with ADA Price falling over 17% in the last 24 hours. The coin experienced massive bearish attack with the price falling from $0.074 up to $0.054. The cryptocurrency is currently trading around $0.059 with the major support at $0.058 and the resistance at $0.064. The coin is expected to rise and settle at a better price in the upcoming few hours.
