Cryptocurrencies Price Analysis: BSV, BCH, NEO, ICX

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.
  • The crypto market is having a green day in the current market session with BTC gaining over 2.00% and ETH well above the crucial mark of $350.
  • The majority of the cryptocurrencies are having a positive trend with arweave, Swipe, and CyberVein making in the top 3 gainers list.
  • On the other side, ABBC coin, Reserve Rights and Loopring are the top three losers facing a downtrend of 8.60%, 8.26%, and 7.78% respectively.  
  • The overall market capitalization stands at $348,313,107,615 with the 24h volume traded of $91,277,213,388. BTC dominance has reached to 60.96%.

The overall crypto market seems to capitalize on the positive momentum built in yesterday’s trading session. BTC has now crossed the level of $108500 with a strong bullish move whereas ETH also climbed to the level of $360.00 with the help of strong support of $350.00. We can also expect a couple of altcoins trading in the green for the consecutive day which can include LINK, XRP, and OMG.

Top Gainers for the Week

BITCOIN SV (BSV) 

bsv up
coinmarketcap.com

Bitcoin SV has shown a tremendous positive rally in today’s market session with an overall gain of 8.30%. The BSV/BTC is also on the positive side with the gain if 6.13% bringing the current level to 0.01611461 BTC. The volume traded has also witnessed a sharp positive spike by $73,811,665. The current market capitalization stands at $3,247,059,403. The price recovery is gradually gaining more pace for BSV in the market after touching a critical area of $150.00 on the downside. The positive rally might be able to help the cryptoasset to reclaim $200.00 if the overall market conditions favor it.

BITCOIN CASH (BCH) 

bch up
coinmarketcap.com

BCH is also on the positive move with the overall gain of 4.67%. However, its hunt for crossing the resistance level of $230.00 continues in the market. The market capitalization stands at $4,247,123,600 with the 24h volume traded of $1,677,688,222. The cryptoasset had a sudden bump from the level of $218 to the resistance level of $230 in yesterday’s market. Breaking and sustaining above the crucial resistance of $230.00 will be a major positive sign for a bullish move.

Top Losers of the Market

NEO (NEO)

neo
coinmarketcap.com

Neo is unable to tackle the resistance area in between the price range of $23.00 to $25.00 which has resulted in a current downtrend in the market. It is facing an overall loss of -3.19% with the current price of $20.14(at the time of writing). The current market capitalization stands at $1,420,758,664 with the 24h volume traded of $590,178,630. Due to the downfall, neo might heavenly rely on the support level of $17.00.

ICON (ICX) 

icon
coinmarketcap.com

The uptrend build by ICON past a few days back have been starting to fade off in the market as it is back again on the level of $0.40. The coin is unable to cross the mark of $0.42 which has resulted in the comeback of bulls. Currently, it is having an overall loss of -1.60% with the price of $0.409239 bringing the market capitalization to $232,160,516. The 24h volume traded has seen a little increase of $2554809 with ICX/BTC pair performing negative with the loss of -1.79%. As of now, the altcoin has a major support level of $0.405 and $0.402 respectively which might prevent it from further decline.

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