- The crypto market is on a negative downtrend today. However, the magnitude of downfall is not that much which can lead to major price corrections.
- BTC remains above the support level of $9700 as well as ETH with the support level of $260.
- The overall market capitalization is of $282,409,462,817 with the 24H volume traded of $141,541,546,466. The BTC dominance is of 62.80% in the crypto market.
Tezos (XTZ) Price Analysis
The psychological resistance of $4.00 is proving to be a major barrier for XTZ bulls. Today, it faced downtrend of -7.38% bringing the current price to the level of $3.20.
Since the past few days, XTZ has been moving between the price band of $3.00-$4.00, however, it is unable to go above $4. The market capitalization is of $2,295,538,372 with the 24H volume traded of $204,875,224.
Looking at the overall bullish momentum of XTZ this year, it is expected that it will break the major resistance of $4.00. However, we might see profit booking among traders if the price went above $4.
Resistance level: $4.00
Support Level: $3.50 & $3.20
ICON (ICX) Price Analysis
ICON is one of another altcoin which is facing downtrend in today’s market. It went down by -5.20%. The current price is $0.37 with the market capitalization of $198,665,463 and the 24H volume traded is $23,264,207.
After breaking the mark of $0.4, ICX faced price corrections in the crypto market bringing it back to the level of $0.37. It is expected that ICX has the potential to make a long term bullish momentum as the community has undertaken many developments aimed at increasing the mass adoption of ICX.
The cryptomarket can also witness the potential collaboration of ICON with the South Korean government to promote the growth of blockchain technology.
Resistance levels: $0.40 and $0.43
Support levels: $0.37 and $0.34
Ethereum Classic (ETC) Price Analysis
Ethereum Classic is still on a downtrend after going below $10 mark a few days back. Currently, it is dipped by -4.51% with the current price of $09.35. The market capitalization is of $1,087,501,255 and the 24H volume traded is of $1,686,406,911. It is expected that ETC bulls still have the potential and go past $10 since ETC have been one of the top-performing altcoins in this year.
Resistance levels: $10.50 and $12.00
Support levels: $7.00 and $6.00
NEO (NEO) Price Analysis
The bullish market forced NEO to go below $14.00 after breaking the major resistance of $16.00. Currently, it is down by -2.69% with the current price of $13.86. The market capitalization is of $977,880,408 and the 24H volume traded is of $788,941,832.
It is expected that Neo will regain its bullish movement which is backed by a strong support level of $13.40. If the bulls came into play, they will face a minor resistance at $16.70.
Resistance Levels: $16.70 and $18.00
Support levels: $13.40 and $10.50
EOS (EOS) Price Analysis
EOS is facing pricing corrections which resulted in a downtrend of -2.75%. The current price is $4.19 with the market capitalization of $4,002,474,693 and the 24H volume traded is $3,594,389,303.
The bulls favor EOS with the strong support level of $4.00. It is expected that it will again break and surge above $5.00 shortly.
Resistance levels: $4.80
Support levels: $4.00 and $3.60