Home
News
- 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%.
Chainlink (LINK) Price Analysis
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
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
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
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
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.
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.
