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Cryptocurrencies Price Analysis: Chainlink, ICON, Tezos, Stellar, Ethereum

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  • The crypto market is facing minor downfall with major crypto-asset facing minor downtrend. 
  • However, some of the altcoins like NEO, Cardano, Tezos, etc. are showing positive movement in the market.
  • The overall market capitalization is $252,766,891,699 and volume traded of $172,192,393,161. The overall dominance of BTC in the cryptomarket remains at 63.7%.
Screenshot (28)
Source: Coin360

Chainlink (LINK) Price Analysis 

Source: Coin360

Chainlink is making significant positive movement in today’s market. The bulls are looking in full potential to break the crucial level of $5.00. It started at the level of $4.30 and currently is at the level of $4.70.

The market capitalization is $1,667,510,883 with 24h volume traded of $604,694,479. With this bullish momentum, it is expected that chainlink will be able to have a closing price above the level of $5.

ICON (ICX) Price Analysis 

icx
Source: Coin360

ICON is now able to maintain its sustainability above the level of $0.30 with the help of the bullish movement gained today. It is having an overall gain of 8.20% with the current price of $0.332151. The market capitalization is $173,149,456 and volume traded of $25,452,591.

It is expected that the altcoin will be moving between the price band of $0.30 to $0.40 in upcoming days. This can be taken as a positive sign as it was facing price consolidation between the price band of $0.25 to $0.30 for the past few trading days.

For now, the mark of $0.40 seems a little far for the altcoin but any fundamental boost would be able to reduce the distance.

Tezos (XTZ) Price Analysis 

xtz
Source: Coin360

Tezos is now looking in full potential to break again the crucial level of $3.00 after facing a heavy downtrend in the market. It is currently having an overall gain of 7.53% with the current price of $2.90.

This price level can give the top performing altcoin a little resistance but XTZ bulls look more prominent. The market capitalization is $2,025,201,146 with 24h volume traded of $161,359,451.

However, the price level of $3.00 is proving to provide resistance to tezos as it will be its eighth consecutive day to try to break the level.

Stellar Lumens (XLM) Price Analysis 

xlm
Source: Coin360

Stellar lumens if facing a minor downtrend in today’s market. It is facing an overall loss of -0.90% with the current price of $0.058. The major reason behind this small downtrend can be the resistance provided by the price level of $0.60.

The market capitalization is $1,189,504,384 and 24h volume traded of $387,603,534. The minor resistance of $0.060 can be avoided by the altcoin if it manages to sustain above the price level of $0.061.

Ethereum (ETH) Price Analysis 

eth
Source: Coin360

The pricing consolidation between the price range of $220 to $230 continues for the second-largest cryptocurrency in the world. Currently, it is facing a downtrend of -1.00% with the current price of $226.89. The market capitalization is $24,946,576,130 and volume traded of $19,640,449,038.

After touching the major support level of $218 due to a major downtrend faced, ETH can sustain the price level in a safe spot. However, there has been no significant price growth for the coin since then. Breaking the price level of $235.00 has now become a top priority for the coin to build a bullish momentum in the market.

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