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- The crypto market is on a negative downtrend today. However, the magnitude of downfall is not that much which can lead to major price corrections.
- BTC remains above the support level of $6300 as well as ETH with the support level of $130.
- The overall market capitalization is of $179,409,462,817 with the 24H volume traded of $106,541,546,466. The BTC dominance is of 64.80% in the crypto market.
Tezos (XTZ) Price Analysis
The psychological resistance of $2.00 is proving to be a major barrier for XTZ bulls. Today, it faced a positive movement of 1.38% bringing the current price to the level of $1.50. Since the past few days, Tezos has been moving between the price band of $1.50-$2.00, however, it is unable to go above $2. The market capitalization is of $1,127,538,372 with the 24H volume traded of $78,875,224. Looking at the overall bullish momentum of XTZ this year, it is expected that it will break the major resistance of $2.00. However, we might see profit booking among traders if the price went above $2.50.
ICON (ICX) Price Analysis
ICON is one of another altcoin which is facing significant positive momentum in today’s market. It went up by 13.00%. The current price is $0.23 with the market capitalization of $124,665,463 and the 24H volume traded is $49,264,207. After breaking the mark of $0.30, ICX faced price corrections in the crypto market bringing it back to the level of $0.15. It is expected that ICX has the potential to make a long term bullish momentum as the community has undertaken many developments aimed at increasing the mass adoption of ICX.
Ethereum Classic (ETC) Price Analysis
Ethereum Classic is on an uptrend after going below $5 mark a few days back. Currently, it is upsurged by 1.51% with the current price of $04.90. The market capitalization is of $584,501,255 and the 24H volume traded is of $1,371,406,911. It is expected that ETC bulls still have the potential and go past $5 since ETC have been one of the top performing altcoins in this year.
NEO (NEO) Price Analysis
The bullish market forced NEO to go above $6.50 after breaking the major resistance of $6.00. Currently, it is up by 1.69% with the current price of $6.86. The market capitalization is of $471,880,408 and the 24H volume traded is of $451,941,832. It is expected that Neo will regain its bullish movement which is backed by a strong support level of $6.20. If the bulls came into play, they will face a minor resistance at $6.80.
EOS (EOS) Price Analysis
EOS is making pricing recovery which resulted in an uptrend of 1.75%. The current price is of $2.20 with the market capitalization of $2,002,474,693 and the 24H volume traded is of $2,212,389,303. The bulls favor EOS with the strong support level of $2.00. It is expected that it will again break and surge above $3.00 in the near future.
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.
