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- The crypto market is again on a downtrend today. BTC has gone below the support level of $9600 with Ethereum standing on the support level of $255.
- The overall market capitalization is of $276,410,593,553 with the 24H volume traded of $152,396,968,518. The overall dominance of BTC in the crypto market is 63.2%.
Bitcoin SV (BSV) Price Analysis
After going below $300 past a few days back, BSV has been on declining momentum since then. Today, it is down by -6.40% with the current price of $270.58. The overall market capitalization is of $4,950,066,589 and the 24H volume traded is of $2,291,179,954.
BSV is on the support level of $270.00 and further downfall will indicate that the bears for BSV will stay. However, if it gains positive momentum meanwhile, it can again cross the $300 mark.
Resistance Level: $300 and $380
Support Level: $270 and $236
Tron (TRX) Price Analysis
Tron is also on the downtrend with -5.00% loss. It has gone below the mark of $0.02 with the current price of $0.019493. The overall market capitalization is of $1,299,861,402 and the 24H volume of $1,773,704,324.
After making a failed attempt to cross the major resistance of $0.030, Tron is facing a downward shift since then. By going below $0.020, it has indicated that it can touch the support level of 0.016 soon.
Resistance level: $0.020 and $0.026
Support level: $0.018 and $0.016
Tezos (XTZ) Price Analysis
Tezos has also broken its support level of $3.00 with a -9.08% downshift. The current price is $2.97 with the market capitalization of $2,086,993,285 and the 24H volume traded is $224,114,963.
The negative downshift below the support level has indicated that it may face bearish momentum for a while now in the market. Tezos has been one of the top-performing altcoins in the cryptomarket in this year.
But currently, it is going through major price correction activity. It can find support at $2.70 and $2.50 respectively. However, if it gains positive momentum, a price upsurge past $3.50 can be seen.
Resistance level: $3.20 and $3.80
Support level: $2.70 and $2.50
ICON (ICX) Price Analysis
ICON is facing a negative downtrend of -10.50% which has brought its price to $0.344086. The market capitalization is of $180,166,710 with the 24H volume traded is of $27,828,828.
The icon can face sustainable bearish momentum as it has broken the major support level of $0.40 and currently standing on another crucial support level of $0.34. Any downfall below $0.30 can result in major pricing corrections for the altcoin.
Resistance level: $0.38 and $ 0.45
Support Level: $0.34 and $0.30
IOTA (MIOTA) Price Analysis
IOTA has been one of the crypto assets in the market which has shown significant bullish momentum this year. However, currently, the altcoin is facing pricing corrections with -5.56% overall loss.
The current price is $0.25 with the market capitalization of $711,754,534 and the 24H volume traded is $9,145,780. The positive aspect of Iota is that it has not broken any major support levels so far. This indicates that IOTA bulls still have the potential to bring the momentum back in the market.
Resistance Level: $0.33
Support level: $0.25 and $0.20
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.
