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- The crypto market today is flowing in both ways. BTC is facing a minor downtrend of -0.15% bringing the current price close to the level of $9k.
- Whereas Ethereum is having significant positive momentum with an overall gain of 3.41% bringing the price level close to $245 mark.
- The overall market capitalization is $263,324,236,378 and volume traded of $132,877,883,386. The overall dominance of BTC in the market is at 63%.
TOP CRYPTOCURRENCIES GAINERS
Ethereum (ETH) Price Analysis
Ethereum price increase today has indicated that it is getting ready for making a sustainable bullish momentum in the mark. The cryptoasset has reached its previous major support level of $245.00. A successful closing above the support level will provide ether a strong pricing base. During its bullish momentum from the starting of the year, ether faced heavy resistance at the price level of $275 and in fact faced price consolidation between the ranges of $245-$275. The current price is $242.56 with an overall gain of 3%. The market capitalization is $26,686,933,205 and volume traded of $19,191,711,600. Overall, from the past two days, ether had price growth of 15%, which is a major indication of bullish momentum in upcoming trading days.
Tezos (XTZ) Price Analysis
Tezos coin price has started to show stability over the price level of $3.00. Tezos has been one of the top-performing altcoins in this year and has again started to show positive movement after facing downtrend in the cryptomarket. If the altcoin gains significant bullish movement, It may aim to break the crucial level of $4.00 but the major resistance of $3.80 which forced XTZ to the major downtrend will be a key testing level. The current price is $3.20 with the market capitalization of $2,243,964,415 and volume traded of $162,413,762. Overall, if XTZ crosses another crucial level of $3.50, it may build up significant bullish momentum in the market.
Zcash (ZEC) Price Analysis
Zcash is again back with positive momentum of 0.50% in today’s market. The altcoin can sustain above the price level of $50.00. The current price is $52.50 with the market capitalization of $488,238,887 with volume traded of $253,346,015. During its bullish momentum in February, the cryptoasset was trading at the price level of $70 to $75. The altcoin has shown a lot of potential in this year from starting at the price level of $25 to reaching a year-high of $75. Currently, it is making gradually positive movement in the market but a bullish cross above the level of $60 will bring back its lost positive momentum.
TOP CRYPTOCURRENCIES LOSERS
ABBC Coin (ABBC) Price Analysis
Due to the sharp bullish momentum gained by ABBC coin from the past three days, it is now facing major price corrections in the market. The altcoin is having an overall loss of -10.91%. The current price is at the level of $0.12 with the market capitalization of $68,792,675 and volume traded of $35,948,360. However, the altcoin is supported by a strong support level of $0.10. The cryptoasset may continue its downfall to the support level. If there is a further downtrend that breaks the support level, it may indicate that the bears will stay for the cryptoasset.
Ethereum Classic (ETC) Price Analysis
Ethereum Classic is again on the minor downtrend with the overall loss of -1.24%. Currently, it is strongly supported by the level of $8.00. The current price is $8.11 with the market capitalization of $942,934,745 and volume traded of $1,454,954,889. The coin is struggling to cross the price level of $9.00 for the past few days. If it breaks below the price level of $8.00 due to the current downtrend, it will have another support level of $7.70.
Verge (XVG) Price Analysis
Verge is unable to sustain above the price level of $0.0040 due to the ongoing downtrend. The cryptoasset is facing an overall loss of -1.60%. The current price is at the level of $0.0038 with the market capitalization of $63,007,455 and volume traded of $972,414. It has attained the bearish level of $0.38 after long, which may indicate that it may continue the downfall. It will be having a support level of $0.0035.
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.
