Crypto Market Update: Stellar (XLM), Bitcoin Cash, Tron (TRX), ADA Price Analysis

Stellar price jumped above the $0.1300 and $0.1320 resistance levels, but it struggled near the $0.1360 level. XLM declined and broke the $0.1300 support. It is currently testing the $0.1200 support area, which could spark a fresh rally.

Tron price climbed above the $0.0200 and $0.0220 resistance levels. Later, TRX price started a downside correction and cleared the $0.0200 support. The next key support awaits near the $0.0175 level.

Cardano price traded higher sharply above $0.0450 and almost tested the $0.0500 resistance. Later, ADA price declined, broke the $0.0450 support and it is currently approaching the $0.0400 support.

Crypto Market Cap Total BTC, Ethereum, XRP, Stellar (XLM), Tron (TRX) and Cardano (ADA)

Looking at the total cryptocurrency market cap hourly chart, there was an upside extension above the $140.00B and $142.00B level. However, the $144.00B level acted as a strong resistance, resulting in a downside move in the market cap. More importantly, there was a break below a bullish trend line with support at $135.00B on the same chart. Therefore, there are chances of more declines in Bitcoin, Ethereum, monero, stellar, litecoin, ripple, and other altcoins in the short term.