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- 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%.
Ethereum (ETH) Price Analysis
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
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
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
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
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
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.
