Cryptocurrencies Price Analysis: Bitcoin SV, Ethereum Classic, NEM, STEEM, Tezos, VeChain

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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 in bullish nature today. Bitcoin started with a positive moment with a support level of $8500 and Ethereum at $218. 
  • Other altcoins like bytecoin, aelf, augur, etc. are having significant positive movement in the market.

The overall market capitalization is $247,789,480,495 and 24H volume traded is $130,381,825,633. The overall dominance of BTC in the cryptomarket remains at 64%

Source: Coin360

Bitcoin SV (BSV) Price Analysis 

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bsv
Source: Coin360

Bitcoin SV is having positive movement in today’s market with an overall gain of 4.26%. BSV started with a price of $228 and broke the mark of $230. The current price is $232.92 with the market capitalization of $4,624,655,737 and 24h volume traded of $459,737,036.

Due to the downtrend faced by BSV, it has been brought down to $230 level from $270. Now that it is gaining sustainable positive momentum in the market, it is expected that it will touch that level again.

Resistance Level: $235.50 and $270.00

Support Level: $231.00 and $227.00

Ethereum Classic (ETC) Price Analysis 

Source: Coin360

Ethereum Classic is looking confident to break the major mark of $8.00 with the current positive movement it is having in the market. It is having an overall gain of 4.82% with the current price of $7.97.

The market capitalization is $927,454,785 and 24h volume traded of $442,973,182. ETC broke down from the level of $12.50 due to heavy price corrections and touched the level of $7.00. Surpassing the level of $8.00 will be helpful for the crypto assets to regain the level.

Resistance level: $8.30 and $9.50

Support level: $7.30 and $6.70

NEM (XEM) Price Analysis 

Source: Coin360

NEM is again successful in reaching the mark of $0.050 for the third consecutive day. However, it unable to sustain above the level and at the time of closing, it reaches the level of $0.048. Currently, it is having a positive movement with an overall gain of 3.34%.

The current price is $0.050 with market capitalization of $451,681,318 and 24h volume traded of $26,891,990. If the altcoin can sustain above the level of $0.050 it can aim for $0.070 level.

Resistance level: $0.050 and $0.053

Support level: $0.048 and $0.045

STEEM (STEEM) Price Analysis

Source: Coin360

STEEM is facing downtrend due to the major resistance provided by the level of $0.180. It is having an overall loss of -2.4% in the market with the current price of $0.177. The market capitalization is $64,103,615 with 24h volume traded of $1,599,158.

After reaching the resistance of $0.180, it went back to the level of $0.176, which provided the support and again put the altcoin to the level of 0.179. A successful closing above $0.200 mark will put the altcoin in an affirmative position for bullish momentum.

Resistance level: $0.180 and $0.185

Support level: $0.178 and $0.170

Tezos (XTZ) Price Analysis 

Source: Coin360

Tezos is facing a minor downtrend of -1.96% due to the resistance provided by the level of $3.00. The altcoin is unable to surpass the mark of $3.00 for the past few days. The current price is $2.67 with the market capitalization of $1,876,228,053 and 24h volume traded of $127,079,205.

A successful closing above the mark of $3.00 will provide the required boost for tezos. The main challenge ahead for the altcoin will be breaking the level of $4.00.

Resistance level: $3.00 and $3.80

Support level: $2.70 and $2.50

VeChain (VET) Price Analysis 

Source: Coin360

VeChain is on the minor downtrend with a -0.85% loss in the crypto market. The current price is at the level of $0.0055 with the market capitalization of $307,758,284 and 24h volume traded of $7,648,905.

The altcoin was at the level of $0.0080 before the market faced an overall downtrend situation, which forced the price to drop to the level of $0.0050. Now it is has started pricing recovery but has minor resistance levels in the journey.

Resistance level: $0.0060 and $0.0067

Support level: $0.0055 and $0.0050

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