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- crypto market is showing minor positive movement with the majority of the coins showing the small magnitude of positive movement.
- However, some of the altcoins like lisk, basic attention token, NEM are showing a negative downtrend in the market.
- The overall market capitalization is of $183,703,474,455 with 24h volume traded of $116,184,681,756. The market dominance of BTC remains at 65.6%.
Tezos (XTZ) Price Analysis
Tezos is facing major resistance at the price level of $1.80 which is stopping the altcoin to build significant growth in the crypto market. By building a bullish rally from the price level of $1.50, tezos looked confident to break the crucial price level of $2.00. But the resistance level is putting bulls on break. The current price level is $1.73 with an overall gain of 4.01%. The market cap is $1,224,263,969 with volume traded of $90,119,101. The XTZ/BTC pair is also performing positively with an overall gain of 1.70% with the level of 0.00026071.
Tron (TRX) Price Analysis
Tron is also a significant positive movement in today’s market. With an overall gain of 3.17%, the current price level is at $0.011. The market capitalization is $ 774,814,686 and volume traded of $ 993,577,533. Breaking the crucial price level of $0.012 is becoming a top priority for the altcoin otherwise can face price consolidation between the price range of $0.010 to $0.012.
IOTA (MIOTA) Price Analysis
IOTA is also a significant bullish movement after facing downtrend for a while now. However, the bullish trend is unable to put the altcoin above the price level of $0.15. Currently, the price is at the level of $0.14 with an overall gain of 2.69%. The market capitalization is $397,212,334 and volume traded of $3,065,626. IOTA is moving between the price range of $0.10 and $0.15 for a while now. Therefore, a break above the price level of $0.15 is much required for the altcoin.
Bitcoin SV (BSV) Price Analysis
BSV is facing positive momentum in today’s market with an overall gain of -2.68%. After having a successful closing above the price level of $170, Bitcoin SV is facing price recovery again. The current price is at the level of $172.92 with the market capitalization of $ 3,354,284,664 and a volume trade of $ 2,103,608,745. The cryptoasset was facing downtrend after breaking below the crucial level of $150 and touched the support level of $100 from where it gained positive momentum again.
Ethereum Classic (ETC) Price Analysis
After facing major resistance from the price level of $9.90, Ethereum Classic was facing heavy downtrend activities for the past few days until it touched the major support level of $7.80. it helped the altcoin to surge above the safe price level of $8.00. However, it is on a minor downtrend again in today’s market with an overall loss of -0.80%. If this minor downtrend forced ETC to go past below the safe price level of $8.00, we can see some heavy bearish momentum for the cryptoasset. The market capitalization is of $950,138,013 and volume traded of $1,940,571,474 for the cryptoasset 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.
