Today’s best performing cryptocurrency was U.CASH, soaring 900 percent. Other cryptocurrencies which performed well were E-coin, Aion and ICON.
The cryptocurrency market was all green today as all coins gained upside momentum, including bitcoin, Ethereum, Ripple and Bitcoin. Today’s best performers were U.CASH, E-coin, Aion and ICON (as per coinmarketcap).
U.CASH, E-coin, Aion and ICON were up by 900, 70, 23 and 21 percent so far today.
U.CASH Price Analysis
U.CASH price surged higher today and moved up by more than 900 percent. It traded above the $0.20 level before retreating to $0.08.
Later, the price gained upside momentum once again and is currently trading at $0.1620. On the upside resistances are at $0.20 and $0.22. Supports on the downside are at $0.12 and $0.10. The current price action is positive and there could be more gains toward $0.20.
E-coin Price Analysis (ECN)
E-coin price again gained heavy upside momentum and traded above $30.00. ECN is up by more than 70 percent and it seems like the price could trade past $40.00.
Above $40.00, the price may attempt to test the all-important $50.00 level. On the downside, supports are at $32.00 and $30.00.
Aion Price Analysis
Aion price was up by around 22 percent against the US Dollar to $3.05. Aion was the third best performing cryptocurrency today and it looks like it could move above $3.20 in the near term.
Resistances are at $3.20 and $3.22, and a break above this last won’t be easy. Supports are at $2.80 and $2.50, and out of the two, the $2.50 is a good buy zone.
ICON Price Analysis (ICX)
The fourth best performer for the day so far is ICON. ICX price moved up by around 21 percent and traded at $4.44. It seems like the $3.60 support was a crucial buy zone.
On the upside, the price faces a major barrier near the $4.80 level, which acted as a pivot level on many occasion. Above the mentioned $4.80, the price could easily move above the $5.00 level.