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- The market started with a bullish movement with ethereum, stellar and Tron being among the top gainers
- However, currently, price corrections among the largest cryptocurrencies in the world can be seen.
Cryptocurrency Top Gainers
Ethereum (ETH) Price Analysis
Ethereum is showcasing impeccable growth rates with touching a new yearly peak of $222.63 and the overall gain of 4.55%. Currently, the price is around $219.98. The upcoming major resistance for ETH will be $280 if the bulls continue to favor. The market capitalization is around $24,107,888,976 and the 24H volume traded is approximately $7,626,917,984.
Resistance Level: $280.00
Support Level: $200.00
Stellar (XLM)
The bullish market also favored Stellar as it gained around 3.15%. Currently, it is trading around the price of $0.071850 with the overall market capitalization of $1,442,581,874 and the 24H volume traded is approximately $551,118,359.
Resistance level: $ 0.085
Support Level: $0.068
Tron(TRX)
Tron is showing amazing bullish performance from starting of the year. The market capitalization is around $1,506,748,743 and the 24H volume traded is $596,521,259. TRX is currently trading at a price of around $0.022587.
The founder and CEO Justin Sun had lunch with billionaire investor Mr. Warren Buffet and talked about the future of blockchain technology and its impact all over the world. The lunch impacted the price of TRX providing it a gain of 14%. It is expected that Tron will continue this bullish movement.
Resistance Level: $0.030
Support level: $0.018
Cryptocurrency Top Losers
ICON (ICX) Price Analysis
Among the bulls, ICON faced a downward shift of around -6.37% and also broke the support level of $0.45886. Currently, the price is around $0.423290 with the market capitalization of $220,195,884 and the volume traded is approximately $107,622,707. The charts suggest that it may continue its bearish movement as it is making new support levels and CCI also remains in the oversold zone.
Resistance level: $0.519191
Support level: $0.366437
IOTA(MIOTA)
IOTA started off February with strong fundamentals but now facing price corrections. It faced a downward shift of -3.75%. Currently, the price is around $0.321412 with the market capitalization of $893,375,696 and the 24H volume traded is around $18,873,935. The charts still favors the bulls as RSI is around 50 level and CCI being in the positive zone.
Resistance level: 0.340568
Support level: 0.294920
NEM (XEM)
One of the top gainers of yesterday with a gain of 20.53% is facing a price correction and dipped around -1.30%. Currently, the price is around $0.059502 with the market capitalization of $535,516,005 and the 24H volume traded is around $46,911,660. The charts indicates that NEM can build a bullish movement in near future and the bearish movement won’t survive for long.
Resistance Level: $0.065455
Support Level: $0.050500
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
