Analyst: In the short term, the rising space of cryptocurrencies such as BTC, ETH and BNB may be limited.

Analyst: In the short term, the rising space of cryptocurrencies such as BTC, ETH and BNB may be limited.

Analyst Aayush Jindal said today (July 17) that "short-term cryptocurrencies such as BTC, ETH, BNB, LTC, BCH, EOS and XLM may be limited."

At the same time, the analyst analyzed the recent market performance of BCH, BNB, LTC and TRX.

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.