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- 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
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
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
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
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 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.
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.
