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- The crypto market is finally witnessing a positive movement as the majority of the crypto assets were reaching their critical support area.
- Bitcoin has gone below the major support level of $8,800 and Ethereum is also on a positive move.
- The overall market capitalization remains at $250,530,946,154 and the 24H volume traded is $159,693,549,010. The overall dominance of BTC has declined a little with 63.97%.
Ethereum (ETH) Price Analysis
The second-largest cryptoasset in the world is finally on positive movement in today’s market. It is gaining around 2.50% bringing the current price to $227.50. it was expected that it would touch $200 by speculating the downfall which brought the price of ETH from $275 to $220. However, a mark of $220 acted as a support level which pushed Ethereum into a positive direction in today’s market. The market capitalization is of $24,998,001,213 and the volume traded is of $22,954,923,729. It can be said that the bulls can stay in the market for ether if it crosses the mark of $235.
Resistance levels: $250 and $275
Support level: $235 and $220
NEM (XEM) Price Analysis
NEM is on a significant bullish movement in today’s market. It is gaining around 6.10% with the current price of $0.050. The market capitalization is of $ 454,980,778 and the 24H volume traded is of $36,896,890. The bullish momentum finally helped the altcoin to cross the mark of $0.050. However, sustaining on the bullish movement is a big question lying ahead for NEM. Therefore, it needs to cross the major resistance of $0.057 for capitalizing with the support level of $0.050 and $0.047 respectively.
Resistance Levels: $0.057 and $0.068
Support levels: $0.050 and $0.043
NEO (NEO) Price Analysis
NEO is also on positive movement in today’s market after touching its critical support area of $10.50 yesterday. It is having a gain of 2.47% in the market bringing the current price to $11.25. The market capitalization is of $795,630,770 with 24H volume traded of $781,278,746. It is expected that it will sustain its positive movement and the cross mark of $12 and $13 respectively. It will be interesting to see how the altcoin shows movement after reaching $16.50. As of before, after reaching the critical resistance area, it faced heavy downfalls.
Resistance level: $13 and $13.70
Support level: $10.50 and $11.00
DASH (DASH) Price Analysis
Dash is also on significant bullish run in the market with an overall gain of 6.30%. The current price is $89.71 with the market capitalization of $898,702,187 and 24H volume traded of $938,640,221. The altcoin is been on a positive side for the first time after breaking below the major mark of $100. It is expected that the altcoin should sustain the bullish momentum in order to cross the $100 mark. However, if the downfall appears again, it will find the major support level at $80.
Resistance levels: $100 and $110
Support levels: $80 and $85.50
ICON (ICX) Price Analysis
With the overall bullish movement in the market, ICON also managed to cross $0.30 mark for now. However, the sustainability of the positive movement for ICX is still in doubt as it has broken and gone below the level of $0.30 several times in the past few days. The current price is $0.308 with the market capitalization of $161,769,004 and a 24H volume traded of $28,076,182. For capitalizing on the positive movement, ICX needs to cross the mark of $0.40 in the market any soon.
Resistance levels: $0.38 and $0.40
Support levels: $0.30 and $0.24
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.
