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- The overall positive momentum in the crypto market is indicating that it is ready to cover the significant price damages suffered by the majority of the coin in the previous month
- Bitcoin has crossed the crucial price level of $6.5k and looking confident to break $7k now. Ethereum is about to reach a safe price level of $140.
- The overall market capitalization is $186,867,269,511 and volume traded of $130,895,471,217. The dominance of bitcoin in the market reaches 65.3%.
Tezos (XTZ) Price Analysis
Tezos holders can now breathe in relief as the altcoin is now close to the safe price spot of $2.00. However, the XTZ/BTC pair is on the significant downfall of -2.80% with the level of 0.00024504. With the overall downtrend in the market, XTZ was dropped back to the critical support area of $1.30. The current price is $1.70 with the market cap of $1,148,085,497 and volume traded of $100,558,480. Now that the altcoin is on an attempt to break the price level of $2.00 and a successful break can result in sustainable bullish momentum.
IOTA (MIOTA) Price Analysis
IOTA is now looking confident to break the crucial price level of $0.15 with today’s bullish movement. The altcoin has been performing significantly positive for the consecutive second day which helped it maintain its stability on the bullish movement gained. The cryptoasset is having an overall gain of 1.73% with the current price of $0.14. The market capitalization is $412,004,033 and volume traded of $9,036,348. The IOTA/BTC pair is having a major downfall of -5.73% with a level of 0.00002230.
Bitcoin Cash (BCH) Price Analysis
Bitcoin Cash has taken full advantage of the overall bullish momentum in the market. It has crossed the crucial price level of $225 and now aiming to cross $230. The cryptoasset is having significant growth in today’s market with an overall gain of 4.87%. The current price is at the level of $226.40. The market capitalization is $4,153,175,035 and volume traded of $3,0451,390,574. The BCH/BTC pair is performing negatively with the overall loss of -0.87% with the level of 0.03403797 BTC.
Bitcoin SV (BSV) Price Analysis
As the graph reflects, BSV is having significant bullish momentum in today’s market. The huge positive rally has provided an overall gain of 4.67% to the cryptoasset. The market capitalization is $3,116,507,017 and volume traded of $2,073,658,832. The cryptoasset indicated this bullish movement market when it closed above the level of $165. With the overall positive momentum in the market, BSV can now look to target the price level of $170.
Binance Coin (BNB) Price Analysis
BNB is back on track to regain the lost bullish momentum of this year. The altcoin has broken the crucial price level of $12.00 with an overall gain of 4.32%. The market capitalization is $1,914,985,160 and volume traded of $365,155,452. The BNB/BTC pair is on the negative side with a loss of -1.52% bringing the level to 0.00192744 BTC. If the bullish momentum continued for the altcoin, it will be facing critical resistance at the price level of $15.00.
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.
