Cryptocurrencies Price Analysis: ETHEREUM, NEM, NEO, DASH and ICON 

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Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.
  • 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%.

Source: Coin360

Ethereum (ETH) Price Analysis

Source: Coin360

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

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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
Source: Coin360

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
Source: Coin360

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
Source: Coin360

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 

icx
Source: Coin360

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

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