The crypto market has returned on the bearish side which it failed to overpower since last week. Bitcoin continues to struggle to surpass the physiological barrier of $9000 with the coin currently stuck below the $8800. Its current price at the time of writing is $8,747.94 with its market dominance sitting at 66% and market cap at $157,826,079,310.
The inability of Bitcoin to rally up against the forces of the bear sent a ripple effect to the entire market, and majority of the altcoins are currently trading in the negative zone. Most of the top 50 coins are mired in the red zone with a few coins managing to make minor gains in the last 24 hours of trading.
Stellar (XLM) is among the coins that made minor gains as it continues from where it stopped yesterday. XLM made a gain of 2.76% against the USD with a market value of $0.078916 and a market cap of $1,582,634,260.
Stellar Intraday Analysis
Looking at the chart above, Stellar price is stillon the upside trend, staying above the $0.0700 support area. XLM price is up by more than 2% today and it is trading nicely above the $0.0750 level. On the upside, immediate resistance is near the $0.0795 and $0.0800 levels, above which the price could trade towards the $0.0820 level.
Bitcoin Cash (BCH) Intraday Analysis
Bitcoin Cash has been fluctuating in the last few days and the same is playing out in the last 24 hours of trading. After finding itself neat the $285 correction zone, BCH began a fresh run that saw the coin trade above the $290 level momentarily. However, the coin suffered a minimal downturn and is currently priced at $289.76 at the time of writing.
BCH trend on the chart remains between $285 and $280. However, an extended bearish run could see BCH bounce towards the $270 price region.
In addition, the major resistance price for the coin is $290, if it surpasses this mark in the coming days then it is possible for BCH to hit the $300 by the end of November.
Ripple (XRP) Intraday Analysis
XRP is also one of the coins in the red zone. XRp has lost 2.09% from its value in the last 24 hours to trade at $0.275114 at the time of writing. The popular token began trading at $0.28.
Looking at the trend, the next resistance level for the coin is the $0.28, and if surpassed could see XRP move towards $0.3. However, if the downtrend continues, XRP could find itself in the support region of $0.26.