Analysis of the prices of Bitcoin Cash, Cardano, Litecoin, EOS and Stellar for 07/24/2020

Yesterday, the altcoin market was unable to continue its dynamic growth and today we are expecting a price decline. Whereare there support levels at which pairs can consolidate?

BCH / USD

Yesterday, the POC indicator line kept the price of bitcoin cash from a deep rollback and buyers were able to update the weekly high around 243.00 USD. 

After this, purchase volumes decreased and the price returned to the POC line. If the bears push through this support level, the pair will sink into the average price area. 

ADA / USD

Yesterday, buyers were unable to break through the resistance of 0.127 USD. In the afternoon, purchase volumes began to decline and the pair rolled back to support at the POC line (0.123 USD). 

This morning the Cardano market is very thin and steamis consolidating in a very narrow side corridor, right on the Point Of Control line (0.123 USD). If the bears push through this support, then the price of ADA will fall to the area of ​​0.115 USD. 

LTC / USD

Last night, buyers tried to continue the recovery of the Litecoin price, but they again failed to test the resistance of the 50% fib (45.83 USD). 

In the morning the pair rolled back to the zone of yesterdayminimum, and during the day the decline may continue to support 44.00 USD. If the bearish pressure in this area weakens, then consolidation in the side channel is possible at the level of the two-hour EMA55. 

EOS / USD

Yesterday, after a rollback to the area of ​​2.63 USD, the EOS price tried to recover, but the weekly maximum was only updated to the level of 2.69 USD. 

Even before the end of the day, the pair returned to the area of ​​the daily low, and this morning the pullback continued to the area of ​​average prices. 

During the day, the decline may stop around the 2.55 USD mark. If selling pressure decreases, the pair will consolidate sideways at the level of average prices. 

XLM / USD

Yesterday morning the price of Stellar broke through resistance0.100 USD, but until the end of the day buyers were unable to gain a foothold above this psychological mark. At night, the XLM price sank into the area of ​​average prices, and this morning sellers tested the level of 0.095 USD. 

If the bears intensify the onslaught, the pair will roll back to the support of 0.091 USD, which may suspend the pullback.