- The crypto market today is facing significant price correction activity in major coins like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP).
- However, some of the altcoin bulls are still in action and providing profitable margins for traders.
TOP CRYPTOCURRENCIES GAINERS
Theta (THETA) Price Analysis
Theta has been the top gainer of today’s market with a massive 18.60% gain. Currently, the price of this altcoin is around $0.166903 with the market cap of $145,289,349 and the 24H volume traded of $90,963,749. It broke a $0.20 mark with the bullish momentum but has been brought back to the level of $0.16.
The bullish momentum built by theta in the bearish market can provide its pricing boost and is expected to cross $0.20 mark again. However, if the momentum is affected by bearish market forces the support level will be around $0.12 and $0.10 respectively.
TRON (TRX) Price Analysis
Tron is also on the bullish side in today’s market with a gain of 1.42%. The current price of trx is around $0.025322 with the market capitalization of $1,688,535,372 and the 24H vol traded of $2,222,727,026.
TRX bulls have been in action since the inception of this year. The bulls have been also supported by strong fundamentals provided by its community.
The corporate partnership between Tron and Samsung has provided the traders to access TRON Dapp services on the newly launched Samsung Galaxy S20 and Samsung Galaxy Z flip mobile phones. as tweeted by its CEO Justin Sun.
It is expected that trx bulls will cross $0.030 mark anytime soon. The support level will be around $0.022 and $0.020 respectively.
Tezos (XTZ) Price Analysis
Tezos have shown significant price changes since the starting of this month and have been on the positive side also in today’s market. Currently, the price is over $3.15 with an overall gain of 2.16%.
The market cap is of $2,189,389,681 and the 24H vol traded is of $203,348,089. It will be interesting to watch whether this altcoin can sustain above the level of $3.00 after facing pullback for the past two days.
Tezos had made a significant bullish run this year and doubled its price from $1.35 at the starting of the year to $3.00 today. The resistance level for XTZ bulls will be $3.00 and $3.30 respectively. The support level will around $2.90 and $2.70.
TOP CRYPTOCURRENCIES LOSERS
IOTA (MIOTA) Price Analysis
IOTA has been on the top losers list in today’s market. The altcoin is facing a downtrend of -5.87% with the current price of $0.315303. The downtrend can be the result of negative fundamentals we received that IOTA coin wallet TRINITYbeing hacked and reportedly missing coins of IOTA holders.
The IOTA community urges its traders to refrain from using mobile or desktop wallets for a while resulting in selling activity. It can touch a support level of $0.30 and $0.28 respectively.
However, if the issue is resolved by the community as soon as possible we can expect that IOTA bulls can come into action again and face resistance of $0.34 ahead.
Stellar (XLM) Price Analysis
Stellar is facing price corrections in today’s market after breaking the mark of $0.866 yesterday. Stellar had made a significant bullish run this year as shown in the graph and is expected to continue that. The minor price corrections should not be a major concern for this altcoin.
Currently, it is down by 2.60% bringing the price around $0.080915 with the market capitalization of $1,624,803,816 and the 24H volume traded of $725,439,664. The major support level will be at $0.070 and any further fall down from there can indicate a major upcoming downtrend.
However, if XLM bulls are back to build momentum, they will face resistance at $0.082 and $0.086 respectively.
Bitcoin SV (BSV) Price Analysis
Bitcoin SV is been one of the most volatile crypto asset this year. From breaking $100 mark to reaching a year high of $422 and facing major price corrections which brought it back to $200 level, all this in the month of January.
However, February has been the month of gradual price momentum for BSV bulls from the starting of $272 to reach $375. Due to the sharp positive momentum, it is currently facing price correction. BSV is dipped by -4.15% in today’s market bringing the price to $353.58.
However, BSV bulls possess more potential than bears and are likely to build bullish rally from here. They will face major resistance at $380.00. But, if the price correction activity continues, it can touch a support level of $335.00 and $320.00 respectively.