Daily Report Of Cryptocurrencies: XEM, ZEC, SUSHI, and TRX

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 overall market conditions on Monday’s session have been introduced to price action with coins like XEM, ZEC climbs up, and SUSHI, TRX slips.
  • The current market cap was at  $340,662,937,227 and volume traded at around $99,212,989,277 
  • Bitcoin dominance remains at 57.8% 

Market Headed On Monday 

The major currency Bitcoin was up by 0.5% and trading at $10,680 likewise the Ethereum was at $351 and climbed 0.57% in the market session. The supportive global clues make the global crypto market cap at $ 341.46 B and an increment of 0.90% over the last day. The good news came over the weakened make a rebound in the crypto market from the lower levels. 

Source: Coin360

Top Gainers 

Nem (XEM)  

Source: Tradingview

With the positive momentum in the crypto market, the crypto asset gains 4% in intraday and trades at the level of $0.118. The FIB support level is at $0.103 work as a support and meanwhile, the FIB resistance is at the level of $0.120. The market cap is at $1,064,690,176 and the volume traded today was at $22,182,945. On the daily chart, the coin has support at $0.110 and $0.109 as the strongest support as on the FIB level. If the support is not broken the token is aiming at the level of $0.112 with the support of $0.103. 

Zcash (ZEC)

Source: Tradingview

In 24-hours the crypto asset gains 2.50% and currently trading at the level of $62.46. The coin has the support of FIB level $58.90 act as the minor support at the monthly chart however the FIB resistance level is at $64.05 act as the support and resistance on the monthly chart. The overall market cap was at $635,925,616 and the volume on the intraday was at $680,906,711. However, we can see the upside short term target of $63.00. 

Top Losers

SushiSwap (SUSHI) 

Source: Tradingview

The coin slips 10.55% on the intraday chart and losses 35% over the week and  trades at the level of $0.87. On the monthly chart, the coin is continuously in the downtrend, and at $0.85 FIB level the coin acts as the support over it. The market cap was around $108,341,894 and volume traded  at $88,513,479. However, it has a high of 12.48 over the monthly chart after touching that level is continuously in a falling pattern and makes a low of $0.85 now is the support of it. 

Tron (TRX) 

Source: Tradingview

The cryptocurrency slips 2.25% on the daily chart and losses 2.20% over the weekly time frame. the overall market cap was around $1,862,894,708 and the current volume of $1,231,479,028 the coin has support at the FBI level $0.024, However the resistance at the $0.030.The TRX/USD is at 0.00000243 as a loss of (3.20%). 

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