This is very exciting time for Neo (NEO), Ethereum Classic (ETC) and EOS (EOS) despite the slow cryptocurrency market. Infrastructure improvement and new market entry strategies seem to be the trend for most Altcoins. As the market remains bearish, it is yet to be seen the direction the entire landscape takes in the coming weeks.
Neo (NEO) is setting eyes to new markets in Switzerland and this can be a major boost in the eyes of regulators. Given its infrastructure development, structural realignments and Ontology collaborations are some of the anticipated events to spur the coin growth going forward.
Ethereum Classic (ETC) is also positioning itself for the future and in order to making mining on the blockchain to remain profitable, a fork is in the offing. This could affect the coin short-term price outlook. The fork will enable the coin get back on its feet and generate interest for more miners to onboard for fast and low cost transactions.
The EOS MainNet and token swap is a key focus as we usher in a new trading week. With a lot of support coming from major exchanges and other friendly platforms, a spike on the EOS price appears to be in the offing. However, it is important to analyze each individual coin or token in order to have a clear vision on their price movements in the bleeding cryptocurrency market
With the continued uncertainty in the crypto market, the bears are in control over NEO. For the better part of the last 24 hours, the bears seem to be in control in the short term. The coin is currently trading at the former demand zone which is a good sign of god supply zones ideal for trading.
The coin is trading at low of $47.90 after shedding 3.55% against the dollar in the last 24 hours. However, the coin hit a high of $50.28 just a few points past the $50.00 demand zone. The bull has pushed the price to $53.01supply zone before the return to force the price to dip to a low of $47.51.
Ethereum Classic (ETC)
There has been a slight dip on the Ethereum Classic (ETC) trading at the $14.25 support level to the USD at the time of writing. The week bearish characteristics saw the price shift north to high of $17.42 against the dollar only for the pair to tumble down below the $16.00 support zone to a low of $14.14.
Ethereum Classic handles seem to be hovering around the $14.50 forming a resistance at the $15.00. According to the charts, the correction level is likely to find resistance at $14.90 and $15.20. The price short term recovery appears elusive and it requires a close of $15.50 to put the buyers in total control. However, the $14.90 and $15.20 remain critical support zones.
After a sharp decline Monday close of the day, the EOS (EOS) token price slid further by 9.54% to the current $10.90 level in the last 24 hours. Earlier the token showed some signs of recovery to trade at a high of $12.33. With anticipated addition of additional NEO pairing at Binance exchange, the focus seems focused on NEO. The additional pairs include EOS/BNB and EOS/USDT.
The EOS price resistance stands at $12.33 and the upcoming MainNet launch is likely to give the token the much anticipated boost to hit the $14.00 and $16.00resistance with a low support level of $10.00. With most Altcoins still struggling in the red, a north spike from Bitcoin could trickle down to other players and ignite an uptrend towards the green.