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- The crypto market is finally witnessing a positive movement in the market as the majority of the crypto assets were reaching their critical support area.
- However, Bitcoin has gone above the major support level of $8,800 and Ethereum is also on a positive move and looking confident to break the crucial price mark of $160.
- The overall market capitalization remains at $196,530,946,154 and the 24H volume traded is $117,693,549,010. The overall dominance of BTC has declined a little with 64.27%.
Ethereum (ETH) Price Analysis
The second-largest cryptoasset in the world is finally on positive movement in today’s market. It is gaining around 2.50% bringing the current price to $157.50. it was expected that it would touch $140 by speculating the downfall which brought the price of ETH from $170 to $150. However, a mark of $153 acted as a support level which pushed Ether into a positive direction in today’s market. The market capitalization is of $17,998,001,213 and the volume traded is of 14,954,923,729. It can be said that the bulls can stay in the market for ether if it crosses the mark of $160.
Resistance levels: $160 and $175
Support level: $153 and $150
NEM (XEM) Price Analysis
NEM is on a significant bullish movement in today’s market. It is gaining around 2.10% with the current price of $0.037. The market capitalization is of $ 334,980,778 and the 24H volume traded is of $12,896,890. The bullish momentum finally helped the altcoin to cross the mark of $0.040. However, sustaining on the bullish movement is a big question lying ahead for NEM. Therefore, it needs to cross the major resistance of $0.038 for capitalizing with the support level of $0.035 and $0.032 respectively.
Resistance Levels: $0.038 and $0.040
Support levels: $0.035 and $0.032
NEO (NEO) Price Analysis
NEO is also on positive movement in today’s market after touching its critical support area of $7.00 yesterday. It is having a gain of 2.47% in the market bringing the current price to $7.25. The market capitalization is of $515,630,770 with 24H volume traded of $360,278,746. It is expected that it will sustain its positive movement and the cross mark of $07 and $08 respectively. It will be interesting to see how the altcoin shows movement after reaching $8.00. As of before, after reaching the critical resistance area, it faced heavy downfalls.
Resistance level: $8.00
Support level: $7.20 and $7.00
DASH (DASH) Price Analysis
Dash is also on significant bullish run in the market with an overall gain of 2.30%. The current price is $73.71 with the market capitalization of $691,702,187 and 24H volume traded of $713,640,221. The altcoin is been on the positive side after breaking below the major mark of $100. It is expected that the altcoin should sustain the bullish momentum to cross $100 mark. However, if the downfall appears again, it will find the major support level at $80.
Resistance levels: $80 and $100
Support levels: $70 and $68
ICON (ICX) Price Analysis
With the overall bullish movement in the market, ICON also managed to cross $0.20 mark for now. However, the sustainability of the positive movement for ICX is still in doubt as it has broken and gone below the level of $0.20 several times in the past few days. The current price is $0.22 with the market capitalization of $122,769,004 and a 24H volume traded of $15,076,182. For capitalizing on the positive movement, ICX needs to cross the mark of $0.30 in the market any soon.
Resistance levels: $0.30
Support levels: $0.20 and $0.18
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.
