Cryptocurrencies Price Analysis: Ethereum, TRON, TEZOS, Chainlink, EOS

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 has finally shown signs of positive momentum overall. 
  • Altcoins like Huobi token, chainlink, steem, etc. are showing significant positive movement in the index 
  • Major crypto assets like bitcoin, ethereum, and ripple are also gradually taking steps for a positive move. 
  • The overall market capitalization is $250,038,384,091 and the 24H volume traded is of $158,095,489,979. The overall dominance of BTC in the cryptomarket remains at 63.70%.

Source: Coin360

Ethereum (ETH) Price Analysis

eth
Source: Coin360

Ethereum has finally started to show positive movements in the crypto market after reaching its major support level of of$218.00. Today, it started with the level of $224 and went up to the level of $232, which is a big indication that ether bulls are back again. The current price is $229.67, with 2.57% overall gain. The market capitalization is of $25,236,651,342 and 24h volume traded is of $7,098,548,678. A successful closing above the level of $235 will provide ether the much-needed boost.

Resistance levels: $255 and $275

Support levels: $220 and $210

Tron (TRX) Price Analysis 

Source: Coin360

Tron has also started with a positive move in today’s market. It started at a level of $0.016 and went to $0.017. The current price is $0.017086 with the market capitalization of $1,142,947,933 and the 24h volume traded is $164,904,459. Tron was facing major downtrend conditions after breaking below the level of $0.020. It is now expected that the altcoin will have pricing recovery and try to break above $0.020 again.

Resistance levels: $0.019 and $0.026

Support levels: $0.015 and $0.017 

Tezos (XTZ) Price Analysis 

Source: Coin360

Tezos has been one of the top gainers in today’s market, with a 6.56% overall gain. The altcoin is set to break the major mark of $3.00 again with the positive momentum built. The current price is $2.90 with the market capitalization of $2,040,826,833 and 24h volume traded of $76,461,614. Tezos started with a level of $2.70 and has reached a level of $2.90. It is looking confident in breaking the resistance level of $3.00 in today’s market. By breaking the resistance level, it may indicate the commencement of its long term bullish momentum in the market.

Resistance Level: $3.00 and $3.70

Support Level: $2.50 and $2.70

Chainlink (LINK) Price Analysis 

Source: Coin360

Chainlink is also hitting the top gainers list in today’s market, with an overall gain of 9.06%. After successfully breaking the major mark of $4.00 in yesterday’s market, the bulls were ready to perform. The current price is of $4.26 with the market capitalization of $1,493,830,108 and 24h volume traded if $163,809,805. The crypto asset ranks on 11th in the world’s largest cryptocurrencies list but is giving tough competition to Tezos, which is currently in the 10th position.

Resistance Level: $4.40 and $4.80  

Support Level: $3.80 and $3.30

EOS (EOS) Price Analysis 

Source: Coin360

EOS is also showing signs of positive movement after breaking below the level of $4.00. The strong support level of $3.40 came into the play for the altcoin, which provided it a positive boost. It is looking confident enough to break the mark of $4.00 again in the market. The current price is of $3.61 and the market capitalization of $3,319,852,765 and 24h volume traded of $4,274,414,232. However, EOS will be facing the major resistance at $4.30.

Resistance levels: $4.30 and $4.80

Support levels: $3.70 and $3.40

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