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- The cryptomarket turned positive after facing price corrections in the majority of the largest cryptocurrencies in the world.
- The toper performing crypto assets were Bitcoin Sv, Dash, and EOS while altcoins like Tezoz, ICON, and TRON faced a bearish momentum.
Top crypto performers
Bitcoin SV (BSV) Price Analysis
Bitcoin SV made a huge bullish momentum today with a gain of 17.19%. Currently, it is trading around the price of $342.72 and the market capitalization is approximately $6,262,173,683 with the 24H volume traded is $940,636,954. It is expected that BSV will continue this bullish momentum but incase if it makes sharper positive momentum, we can expect price correction or a pullback from here.
Resistance level: $350.00
Support level: $337.80
DASH (DASH) Price Analysis
Dash also made bullish movement in today’s market. Currently, the trading price is around $125.60 and the market capitalization is over $ 1,170,051,753. The 24H volume traded is approximately $221,989,186. It is expected that it will make a bullish run in the near future if it breaks the resistance level of $134.50. The support level will be around $110.80.
EOS(EOS) Price Analysis
EOS also making bullish momentum in the cryptomarket as it started the year with a $2.50 mark and currently is at the price of $ 4.77. The market capitalization is around $4,549,546,147 and the 24H volume traded is approximately $1,449,363,363. The support level for EOS is around $3.80. The next major overhead resistance will be around $ 5.10
TOP CRYPTO LOSERS
Tezoz (XTZ) Price Analysis
Tezoz has been one of the most top gaining cryptocurrency in 2020. As a result, it climbed up the largest cryptocurrencies list in January to the 11th Spot. It started the year with the price mark of $1.50 and currently, it is trading around $2.21 with the market capitalization of $1,531,879,251 USD.
The 24H volume traded is around $81,477,049 USD. However, today it witnessed price corrections and dipped by 4.14%. However, the XTZ bulls have strong potential to build the momentum. The resistance level XTZ will be facing is around $3.30. Due to the sharp rising movements, it can face pullback with a support level of $1.85.
Icon (ICX) Price Analysis
As the charts indicate, ICON also faced bearish momentum today. It dipped by 1.88% bringing the current price to $0.413271. The market capitalization is around $215,069,596 and the 24H volume traded is approximately $111,900,837. If it gains positive momentum, the resistance mark will be around $0.519191. If it continues to pull back, it can find support level at $0.374920.
Tron (TRX) Price Analysis
Tron was capitalizing on fundamental advantage gained after CEO Justin Sun finally had lunch with billionaire investor Mr. Warren Buffet. However, today it faced price correction and dipped by 0.07%.
The current price for TRX is $0.021897 with the market capitalization of $1,460,146,411. The 24H volume traded is around $1,619,200,710. Due to the negative momentum, it may touch its support level of $0.018. The resistance level for TRX is around $0.030.
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.
