Cryptocurrencies Price Analysis: Bitcoin SV, Ethereum Classic, NEM, STEEM, Tezos, VeChain

• The crypto market is in bullish nature today. Bitcoin started with a positive moment with a support level of $8500 and Ethereum at $218. 
• Other altcoins like bytecoin, aelf, augur, etc. are having significant positive movement in the market.

The overall market capitalization is $247,789,480,495 and 24H volume traded is $130,381,825,633. The overall dominance of BTC in the cryptomarket remains at 64%

Bitcoin SV (BSV) Price Analysis 

Bitcoin SV is having positive movement in today’s market with an overall gain of 4.26%. BSV started with a price of $228 and broke the mark of $230. The current price is $232.92 with the market capitalization of $4,624,655,737 and 24h volume traded of $459,737,036.

Due to the downtrend faced by BSV, it has been brought down to $230 level from $270. Now that it is gaining sustainable positive momentum in the market, it is expected that it will touch that level again.

Resistance Level: $235.50 and $270.00

Support Level: $231.00 and $227.00

Ethereum Classic (ETC) Price Analysis 

Ethereum Classic is looking confident to break the major mark of $8.00 with the current positive movement it is having in the market. It is having an overall gain of 4.82% with the current price of $7.97.

The market capitalization is $927,454,785 and 24h volume traded of $442,973,182. ETC broke down from the level of $12.50 due to heavy price corrections and touched the level of $7.00. Surpassing the level of $8.00 will be helpful for the crypto assets to regain the level.

Resistance level: $8.30 and $9.50

Support level: $7.30 and $6.70

NEM (XEM) Price Analysis 

NEM is again successful in reaching the mark of $0.050 for the third consecutive day. However, it unable to sustain above the level and at the time of closing, it reaches the level of $0.048. Currently, it is having a positive movement with an overall gain of 3.34%.

The current price is $0.050 with market capitalization of $451,681,318 and 24h volume traded of $26,891,990. If the altcoin can sustain above the level of $0.050 it can aim for $0.070 level.

Resistance level: $0.050 and $0.053

Support level: $0.048 and $0.045

STEEM (STEEM) Price Analysis

STEEM is facing downtrend due to the major resistance provided by the level of $0.180. It is having an overall loss of -2.4% in the market with the current price of $0.177. The market capitalization is $64,103,615 with 24h volume traded of $1,599,158.

After reaching the resistance of $0.180, it went back to the level of $0.176, which provided the support and again put the altcoin to the level of 0.179. A successful closing above $0.200 mark will put the altcoin in an affirmative position for bullish momentum.

Resistance level: $0.180 and $0.185

Support level: $0.178 and $0.170

Tezos (XTZ) Price Analysis 

Tezos is facing a minor downtrend of -1.96% due to the resistance provided by the level of $3.00. The altcoin is unable to surpass the mark of $3.00 for the past few days. The current price is $2.67 with the market capitalization of $1,876,228,053 and 24h volume traded of $127,079,205.

A successful closing above the mark of $3.00 will provide the required boost for tezos. The main challenge ahead for the altcoin will be breaking the level of $4.00.

Resistance level: $3.00 and $3.80

Support level: $2.70 and $2.50

VeChain (VET) Price Analysis 

VeChain is on the minor downtrend with a -0.85% loss in the crypto market. The current price is at the level of $0.0055 with the market capitalization of $307,758,284 and 24h volume traded of $7,648,905.

The altcoin was at the level of $0.0080 before the market faced an overall downtrend situation, which forced the price to drop to the level of $0.0050. Now it is has started pricing recovery but has minor resistance levels in the journey.

Resistance level: $0.0060 and $0.0067

Support level: $0.0055 and $0.0050