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Market data is provided by HitBTC Exchange.

The news continues to hammer the markets of cryptocurrency that stifle the attempts of recovery. The news of the Binance Exchange being hacked and the SEC has asked trading platforms dealing with digital assets to register as stock exchanges.

Later, Binance reported that irregular transactions were reversed. They also had an interesting observation that the hackers had lost some coins during their hacking attempt.

SEC regulations are a hotly debated topic, with both parties having their own opinions about its advantages and disadvantages. But the regulations have also proved positive for cryptocurrencies, attracting institutional money, which has remained out of the markets until now.

In another news, the Japanese regulators fell heavily on Coincheck and six other exchanges. Embroiled by this news, most crypto-currencies are struggling to maintain their level of support.

Let's see if the inconvenience is likely to spread or is a bit low.

BTC / USD

Bitcoin failed to break the $ 12,200 mark three times in a month and a half. Therefore, this level assumes a meaning. Cryptocurrency will only gain momentum after bursting and staying above $ 12,200

<img alt=" BTC / USD "src =" https: // cointelegraph .com / storage / uploads / view / 552253c66faa43806d8748cb6c95019b.png "title =" BTC / USD "/>

In the past two days, the BTC / USD has broken down the upward channel and the two moving averages , its next major support at $ 9,500., a drop to levels of $ 8,404 is possible, which corresponds to the 61.8% Fibonacci retracement level of $ 6,075.04 to 12,172. , $ 43

Moving averages flattened, so if levels of $ 9,500

Intraday traders will likely have the opportunity to play the small rebound at the level of 9,500 $, but swing traders should wait until the cryptocurrency shows a sustained interest in the purchase.

ETH / USD

And Hereum corrected that Cording to our expectations. The level of $ 723.48 is the Fibonacci retracement level 61.8 percent of the recent decline. Yesterday, March 7, the cryptocurrency fell to a minimum of $ 725 from where it rebounded.

<img alt=" ETH / USD "src =" https://cointelegraph.com/storage/uploads/view/68936beb158c07b15e389e6404c38f26.png "title =" ETH / USD "/>

However If the bulls do not come out of the EMA at 20 days and the resistance line of the descending channel in the coming days, the ETH / USD pair is expected to drop to $ 654 and

Cryptocurrency will become positive when it comes out of $ 980 levels.

BCH / USD

Although the bears broke under support levels of $ 1,150, they did not not been able to sink Bitcoin Cash at levels of $ 950, as we had expected

<img alt=" BCH / USD "src =" https://cointelegraph.com/storage/uploads If the bulls are unable to push the BCH / USD pair above $ 1,150, in the next few days urs, we could see a drop to $ 950. 59007]

Crypto-currency remains bearish as long as it trades below moving averages.

XRP / USD

Ripple looks weak. Yesterday, March 7th, the bulls recovered below 0.85 levels but were unable to take advantage of the gains.

<img alt=" XRP / USD "src =" https://cointelegraph.com/storage/uploads/view/f26e048cb2a06018fd2a5bd523a5b0a8.png "title =" XRP / USD "/>

As a result, the price once again broke the $ 0.85 level. If the bears manage to keep below this support, there is a possibility of a fall to levels of 0.7.

The absence of purchase at lower levels suggests a further decline in the pair XRP / USD

XLM / USD

Stellar is in a downtrend and does not look strong, he struggles to bounce back on the critical support level of $ 0.32 and bears do not even allow him to cross the 20-day EMA

<img alt=" XLM / USD "src =" https://cointelegraph.com/storage/uploads/view/c8ead2c221a8e7c106b42be83c4566e6.png "title =" XLM / USD "/>

Today March, 8th of March, being ars pushed the XLM / USD pair below $ 0.32. If the fault persists, a fall to the lower end of the downward channel at $ 0.22 is likely; On the other hand, if the bulls defend the $ 0.32 levels, a range action between $ 0.32 and $ 0.47 should ensue.

LTC / USD

After being shown promising a few days ago, Litecoin became negative. We were expecting it to fall to the SMA for 50 days and that's what happened.

<img alt=" LTC / USD "src =" https://cointelegraph.com/storage/uploads/view/ab18952404e8a3fbdfe6dd2a4766cb32.png "title =" LTC / USD "/>

The LTC / USD pair has formed a descending triangle pattern, which will end on a decay and a fence (UTC) below $ 185. The disadvantage, however, we can expect a $ 160 support and 140.

Our bearish view will be invalidated if the cryptocurrency breaks by $ 215.

ADA / BTC

Cardano is firmly anchored in the clutches: yesterday, March 7 , the price of critical support fell by 0.00002460. The sale continued today and prices remain below the support level, a bearish sign.

<img alt=" ADA / BTC "src =" https://cointelegraph.com/storage/uploads/view/babe5bad8cce716fc4d1cc21f98433d9.png "title =" ADA / BTC "/>

Now, there is no major support level on the charts, and a fall to 0.00001690 is likely. The first sign of a trend change will be when the ADA / BTC pair will come out of the downtrend line. Until then, bears have the upper hand

NEO / USD

On March 7, the NEO fell to a low of $ 88.6, where the purchase has emerged. The area between $ 86 and $ 93 is important for bulls.

<img alt=" NEO / USD "src =" https://cointelegraph.com/storage/uploads/view/5ecf270d5bece4127c35d09d8330ccd8.png "title =" NEO / USD "/>

They fail to maintain this support area, the NEO / USD pair will collapse to the February 6 lows of $ 63.62

Cryptocurrency will become positive once that it will burst and support above the downtrend line 2.

EOS / USD

In our previous analysis, we had planned EOS to retest the lows of the 6th February, and that's what happened

<img alt=" EOS / USD "src =" https://cointelegraph.com/storage/uploads/view/31a0b3d2d803600bacb9821c2b032b1d.png "title =" EOS / USD "/>

If the bulls do not hold the levels of $ 5.97, the next support is much lower at $ 3. Our bearish view will be invalidated if the EOS / USD pair rises and maintains levels above 8. $

So far, it remains in a downtrend.

Market data is provided by HitBTC Exchange. The charts for the analysis are provided by TradingView.