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- 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.
Top Gainers
Nem (XEM)
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)
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)
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)
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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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.
