Cryptocurrencies Price Analysis: Tezos, ICON, IOTA, Tron, Ripple

  • The cryptomarket is witnessing a miraculous recovery after losing nearly $26 billion in yesterday’s market.
  • Bitcoin has successfully climbed above the safe level of $58K and Ethereum managed to sustain above the major support level of $120.
  • The market capitalization is 153,108,797,468 with volume traded of $153,906,893,867. The overall dominance of BTC remains at 63.8%.

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Source: Coin360

 Tezos(XTZ) Price Analysis

Source: Coin360

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Tezos started with a support level of $2.50 after the disastrous downfall in yesterday’s market. The bullish market helped the altcoin to start today’s market with positive movement. Tezos touched the price level of $1.60 before the bears came in to play again.

Currently, it is having an overall gain of 4.02% with the current price of $1.63. The market capitalization is $1,148,159,537 and volume traded of $213,218,042. The circulating supply is 703,248,066 XTZ. Tezos can gain significant price growth in the market only if it breaks the crucial level of $2.00 again.

ICON(ICX) Price Analysis

Source: Coin360

ICON is currently avoiding any major downfall with the help of the major support level of $0.20. From the starting of today’s market, ICX gained positive momentum and managed to climb to the price level of $0.15. However, later on, it again faced price correction activity which forced the altcoin to again come back to the support level.

The current price is $0.19 with an overall gain of 6.07% and with a market capitalization of $102,798,225 and volume traded of $11,525,556. The circulating supply is 527,149,939 ICX for the altcoin in the market. ICX must surpass the price level of $0.20 for building significant bullish momentum in the market.

IOTA(MIOTA) Price Analysis

Source: Coin360

IOTA is unable to break the crucial level of $0.15 besides having bullish momentum with an overall gain of 5.15% in today’s market. The current price is at the level of $0.12 with the market capitalization of $389,578,442 and volume traded of $16,284,531.

IOTA started with a price level of $0.11 and barely climbed up to the level of $0.12. However, to regain the bullish movement, the altcoin must cross the crucial level of $0.15.

Tron (TRX) Price Analysis

Source: Coin360

Tron finally had the much needed positive movement in today’s market. The altcoin had a positive movement of 4.57% bringing the current price level to $0.010. TRX holders can now breathe in comfort as the crypto assets will now support strongly by the price level of $0.010.

The market capitalization is $682,759,961 and volume traded of $1,303,753,499. For making a bullish impact in the market, TRX must surpass the crucial price level of $0.10.

Ripple (XRP) Price Analysis

Source: Coin360

A non-stressful day for XRP holders also as the crypto assets has finally managed to avoid any further downfall below the price level of $0.13. In fact, the coin has shown a positive movement of 2.43% in today’s market bringing the current price to the level of $0.15. The market capitalization is $6,244,698,842 and volume traded of $2,984,379,535.

As XRP has avoided downfall below the crucial level of $0.13 and reached a safe level of $0.15, it can aim for the price level of $0.20 if the bullish movement is sustained and market forces don’t show any major downfall.

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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.

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