Cryptocurrencies Price Analysis: Bitcoin SV, NEM, ICON, Chainlink, IOTA

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 cryptomarket is turning green today as the majority of the cryptoasset is having positive movement. 
  • The overall market capitalization is $253,452,071,773 with 24h volume traded of $174,169,506,589. The BTC dominance remains at 63.70%.

Source: Coin360

Bitcoin SV (BSV) Price Analysis

bsv
Source: Coin360

Bitcoin SV is on significant bullish movement in today’s market with an overall gain of 7.11%. It has broken a crucial level of $250 and the current price is at the level of $253.50. The market capitalization is $4,560,074,857 with 24h volume traded of $535,491,764. BSV bulls will be facing a minor resistance at the level of $255. If the cryptoasset crosses the level of $260, it will be aiming to cross the crucial level of $300 again for rebounding.

NEM(XEM) Price Analysis 

nem
Source: Coin360

NEM is again on the bullish move in today’s market with an overall gain of 5.75%. The current price is at the level of $0.052 and can have a support level of $0.50. The market capitalization is $475,947,716 and 24h volume of $32,281,533. However, the altcoin is facing resistance at the level of $0.60, which is preventing it from building significant bullish momentum in the market. This means that NEM can face price consolidation between the levels of $0.050 and $0.060.

ICON (ICX) Price Analysis 

icx
Source: Coin360

ICON has again reached the level of $0.30 with a positive movement of 4.13% in today’s market. The current price is $0.30638 with the market capitalization of $160,947,601 and 24h volume traded of $9,147,430. During the bullish movement from the starting of February, it reached a high level of $0.60. With the gradual movement currently building up, NEM will be expected to rebound on that level again. However, for that, it needs to cross the resistance level of $0.35. Any downfall below the support level of $0.27 will indicate that it can face major price corrections again.

Chainlink (LINK) Price Analysis 

link
Source: Coin360

Chainlink is also having a positive movement in today’s market with a 4.53% overall gain. However, the altcoin is failing to sustain above the level of $4. The current price is $4.18 with the market capitalization of $1,465,550,928 and volume traded of $408,628,230. If it can sustain above the level of $4, the cryptoasset has the potential to break the crucial and resistance level of $5 which will help it to gain a new all-time-high.

IOTA (MIOTA) Price Analysis 

iota
Source: Coin360

IOTA is facing price consolidation for the past few days now. It showing movement between the price band of $0.20 and $0.30. However, currently, it is on positive movement with 2.46% overall gain. The current price is $0.220426 with the market capitalization of $612,680,533 and volume traded of $6,803,185. IOTA needs to break the level of $0.30 again and maintain stability over the mark at the same time.

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