Cryptocurrencies Price Analysis: ICON, ETC, XTZ, NEO, EOS

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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Source: Coin360

  • The crypto market is on a negative downtrend today. However, the magnitude of is providing significant price damage to the majority of the coin. 
  • BTC has broken below the crucial level of $7k again, and ETH also plunged below the crucial support level of $160
  • The overall market capitalization is of $197,409,462,817 with the 24H volume traded of $137,541,546,466. BTC dominance is 64.0% in the crypto market. 

Tezos (XTZ) Price Analysis

xtz
Source: Coin360

The psychological resistance of $2.30 is proving to be a major barrier for XTZ bulls. Today, it faced a negative movement of 7.38%, bringing the current price to the level of $1.90. For the past few days, XTZ has been moving between the price band of $1.50-$2.00, however, and in yesterday’s bullish market, it was able to go above $2. The current downfall forced the altcoin to plunge below the safe spot of $2.00.The market capitalization is  $1,377,538,372 with the 24H volume traded of $186,300,999. Looking at the overall bullish momentum of XTZ this year, it is expected that it will break the major resistance of $2.30. However, we might see profit booking among traders if the price went above $2.50.

ICON (ICX) Price Analysis 

icx
Source: Coin360

ICON is one of another altcoin which is facing significant negative momentum in today’s market. It is down by -5.30%. The current price is $0.23, with the market capitalization of $134,665,463, and the 24H volume traded is $13,264,207. After breaking below the mark of $0.30, ICX faced price corrections in the crypto market, bringing it back to the level of $0.20. 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. However, the overall market conditions are providing a tough time to ICX price. 

Ethereum Classic (ETC) Price Analysis 

etc
Source: Coin360

Ethereum Classic is on a downtrend after going above $5 mark a few days back. Currently, it is down by -7.51%, with the current price of $05.20. The market capitalization is of $677,501,255 and the 24H volume traded is of $835,406,911. If the price levels break below the crucial level of $5.00, the bears may provide significant damage.

NEO (NEO) Price Analysis 

neo
Source: Coin360

The bullish market forced NEO to go above $8.00 after breaking the major resistance of $7.80. Currently, it is down by -7.69%, with the current price of $7.40. The market capitalization is of $568,880,408 and the 24H volume traded is of $130,941,832. A break below the price level of $8.00 indicated that the downfall might sustain for the altcoin in the market. 

EOS (EOS) Price Analysis 

eos
Source: Coin360

EOS is facing pricing damage, which resulted in a downtrend of -7.75%. The current price is $2.52 with the market capitalization of $2,598,474,693 and the 24H volume traded is $612,389,303. Currently, the cryptoasset majorly supported by the price level of $2.50. Any further downfall will be the indication of a significant downfall. 

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