At the same time, the analyst analyzed the recent market performance of BCH, BNB, LTC and TRX.
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He pointed out that yesterday BCH tested the resistance level of 320 US dollars, but ultimately failed to maintain a high trend. At present, the price of the token has fallen by nearly 10%, hovering around $285. If BCH shows a further downtrend, it may test the $270 support level in the near future.
After failing to hold the $28 support level, BNB began to fall sharply, and its price once fell below the $25 support level. Analysts said BNB's next major support is near $24.10, and once it is below that level, it will test $23.80.
LTC prices have steadily declined and have fallen below the support of $90, $85, and $80. At present, although the price of the token has rebounded, the upward momentum is insufficient, and it is still hovering around $80,82.
TRX has recently fallen below the $0.022 support level and its price may soon test the main support level around $0.0200.
As of press time, BTC quoted $9510, down 11.61% in 24 hours; BCH quoted $287, down 7.18% in 24 hours; BNB quoted $25, down 8.81% in 24 hours; LTC offered $79, down 10.81% in 24 hours; TRX quoted 0.021 The dollar fell 13.43% in 24 hours.