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- The cryptomarket is witnessing another red day as bitcoin again slips below the crucial level of $5k.
- The global market forces are still providing a negative impact on the crypto market as the majority of the crypto assets are facing a negative downtrend.
- The market capitalization is $142,776,903,236 and volume traded of $119,130,264,347. The dominance of BTC has also declined to 64 %.
Ethereum (ETH) Price Analysis
Ether started at a price level of $123.00 in today’s market. The ongoing overall negative downtrend in the market is providing a tough time to the cryptoasset. Ether also broke the crucial support level of $110.00 which is an indication of massive bearish momentum. The coin is already facing an overall loss of -11.83% bringing the current price level to the critical point of $108. The market capitalization is $11,967,130,677 and volume traded of $4,692,896,304. The ETH/BTC pair is also facing a significant downtrend of -4.00% with the level of 0.02248781 BTC.
Cardano (ADA) Price Analysis
ADA started with a price level of $0.026 in today’s market. Due to the overall downtrend in the market, it is facing an overall loss of -10.47%. ADA is at the current price level of $0.023 with a market cap of $613,243,477 and volume traded of $73,622,809. Cardano is in a safe spot until it breaks below the crucial level of $0.20.
Tezos (XTZ) Price Analysis
Tezos is majorly supported by the price level of $1.30 in today’s market. It started with the price level of $1.50 and the bearish movement brought the price level to $1.20. The market capitalization is $916,798,365 and volume traded of $151,442,743. The XTZ/BTC pair is having a significant decline of -11.545 with the level of 0.00026702 BTC. It is certainly not a good sign for the altcoin and may plunge below the crucial mark of $1.00.
EOS(EOS) Price Analysis
EOS has plunged below the crucial mark of $2.00. This is certainly not a good indication for the altcoin and may face significant downfall in upcoming days. The current price level is at $1.80 with market capitalization of $1,689,566,527 and volume traded of $3,223,014,346. However, the cryptoasset has also got the major support level of $1.50 which saved the coin from the major downfall previously when it plunged below the level of $2.00.
IOTA (MIOTA) Price Analysis
IOTA is also currently at a critical level of $0.10. A further downfall in the cryptoasset will result in a price break of a crucial level of $0.10. The current price level is $0.10 with a market capitalization of $307,109,608 and a volume traded of $9,592,539. It will the first time for IOTA this year if it plunges below $0.10. After that, the cryptoasset has behaved adversely in the market. However, currently, the major support level of $0.10 is into play.
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.
