Cryptocurrencies Price Analysis: Ethereum, Cardano, Tezos, EOS, IOTA

By April 3, 2020Altcoins
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Source: Coin360
  • The cryptomarket is turning an overall bullish market into red again as bitcoin again slips below the crucial level of $7k
  • The global market forces are still providing a negative impact on the crypto market as the majority of the crypto assets are facing a negative downtrend.
  • The market capitalization is $192,776,903,236 and volume traded of $153,130,264,347. The dominance of BTC has also declined to 64 %.

Ethereum (ETH) Price Analysis

Source: Coin360

Ether started at a price level of $146.00 in today’s market. The ongoing overall negative downtrend in the market is providing a tough time to the cryptoasset. Ether aslo broke the crucial support level of $140.00 which is an indication of massive bearish momentum. The coin is already facing an overall loss of -2.83% bringing the current price level to the critical point of $139 again. The market capitalization is $15,967,130,677 and volume traded of $4,692,896,304. The ETH/BTC pair is also facing a significant downtrend of -2.00% with the level of 0.02248781 BTC.

Cardano (ADA) Price Analysis

Source: Coin360

ADA started with a price level of $0.035 in today’s market. Due to the overall downtrend in the market, it is facing an overall loss of -2.47%. ADA is at the current price level of $0.031 with a market cap of $613,243,477 and volume traded of $73,622,809. Cardano is in a safe spot until it breaks below the crucial level of $0.30.

Tezos (XTZ) Price Analysis

Source: Coin360

Tezos is majorly supported by the price level of $1.50 in today’s market. It started with the price level of $1.80 and the bearish movement brought the price level to $1.50. The market capitalization is $916,798,365 and volume traded of $151,442,743. The XTZ/BTC pair is having a significant decline of -1.54% with the level of 0.00024702 BTC. It is certainly not a good sign for the altcoin and may plunge below the crucial mark of $1.50.

EOS (EOS) Price Analysis

Source: Coin360

EOS has plunged below the crucial mark of $2.50. This is certainly not a good indication for the altcoin and may face significant downfall in upcoming days. The current price level is at $2.30 with market capitalization of $2,189,566,527 and volume traded of $3,423,014,346. However, the cryptoasset has also got the major support level of $2.00 which saved the coin from the major downfall previously when it plunged below the level of $2.50.

IOTA (MIOTA) Price Analysis

Source: Coin360

IOTA is also currently at a critical level of $0.149. The further downfall in the cryptoasset will result in a price break of the support level of $0.148. The current price level is $0.149 with market capitalization of $426,109,608 and volume traded of $13,592,539. Breaking the crucial level of $0.15 might result in major price corrections for the cryptoasset in the market.

The global market forces are still […]

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