Home
News
- The cryptomarket is turning an overall bullish market into red again as bitcoin again slips below the crucial level of $6800k.
- The global market forces are still providing a negative impact on the crypto market as the majority of the crypto assets are facing a negative downtrend.
- The market capitalization is $191,776,903,236 and volume traded of $135,130,264,347. The dominance of BTC has also declined to 64 %.
Ethereum (ETH) Price Analysis
Ethereum started at a price level of $162.00 in today’s market. The ongoing overall negative downtrend in the market is providing a tough time to the cryptoasset. Ether also broke the crucial support level of $160.00 which is an indication of massive bearish momentum. The coin is already facing an overall loss of -2.83% bringing the current price level to the critical point of $153 again. The market capitalization is $16,967,130,677 and volume traded of $16,692,896,304. The ETH/BTC pair is also facing a significant downtrend of -1.00% with the level of 0.02288779 BTC.
Cardano (ADA) Price Analysis
ADA started with a price level of $0.033 in today’s market. Due to the overall downtrend in the market, it is facing an overall loss of -2.47%. ADA is at the current price level of $0.030 with a market cap of $836,243,477 and volume traded of $16,622,809. Cardano is in a safe spot until it breaks below the crucial level of $0.30.
Tezos (XTZ) Price Analysis
Tezos is majorly supported by the price level of $1.50 in today’s market. It started with the price level of $2.00 and the bearish movement brought the price level to $1.80. The market capitalization is $1,364,798,365 and volume traded of $66,442,743. The XTZ/BTC pair is having a significant decline of -1.54% with the level of 0.00024702 BTC. It is certainly not a good sign for the altcoin and may plunge below the crucial mark of $1.50.
EOS (EOS) Price Analysis
EOS has plunged below the crucial mark of $2.50. This is certainly not a good indication for the altcoin and may face significant downfall in upcoming days. The current price level is at $2.35 with market capitalization of $2,189,566,527 and volume traded of $623,014,346. However, the cryptoasset has also got the major support level of $2.00 which saved the coin from the major downfall previously when it plunged below the level of $2.50.
IOTA (MIOTA) Price Analysis
IOTA is also currently at a critical level of $0.149. The further downfall in the cryptoasset will result in a price break of the support level of $0.148. The current price level is $0.149 with market capitalization of $426,109,608 and volume traded of $13,592,539. Breaking the crucial level of $0.15 might result in major price corrections 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.
