The crypto market saw a slight retracement today. According to CoinMarketCap, the total crypto market cap has risen to $130.2 billion as of 18:00. The total trade volume was $27.8 billion.
Most of the top 100 experience corrections. Of the top 100, we saw a surprising upside from with 85.99%, followed by that posted a gain of 14.30%. As for the downside, posted a loss of -11.05%, followed by that has dropped -9.18%.
As of press time,
’s share of the crypto market currently amounts to , with a total market cap of $68 billion. Daily trade volume accounts for $8.3 billion.
ETH accounts for 11.05% of market share with a total market cap of $14.4 billion. The 24-hour volume at $4.5 billion.
XRP market capitalization is at $12.9 billion, accounting for 9.90% of market share with the volume of 680 million.
Mainstream Analysis
showed a rebound after dipping below the key support price of $3700 in the wee hours. The market may continue to consolidate but hard to go up. Investors can consider Short Positions when rebound weakens, and observe if the support price is tested at $3700.
ETH
ETH wiped out all losses in today’s morning session after breaking out of the 20-day moving average support. The market is consolidating within $140-$130. ETH may turn south with a weak momentum. If the support price break through $130, the next level will be at $120.
Daily Opportunity
showed a stronger fluctuation today. Prices try to break the 5-day and 10-day moving average resistance price, which signals a bullish trend. The market will continue to go up if the resistance price breaks $3.650 today.
Disclaimer
The information found in this article is based on actual facts and figures, and analysed with an objective lens. It is NOT intended to be advice, recommendation or invitation to trade, and the company does not guarantee any results based on the content of this article. Any losses shall be bourne by the users of this article at all costs.
Published at Thu, 28 Feb 2019 11:18:57 +0000
