Michael Fasogbon, Publisher at CoinCodex

Throughout the mid-2019, the price of NEO saw a lot of loss after marking the yearly high at $20.85 on June 26. After bottoming at $6.68 on October 23, NEO gained recovery back to $13.45 before closing the year 2019 on a bearish mode, though the surge was led by the Chinese president, Xing Ping announcement on the adoption of blockchain and cryptocurrency in the country.

Cardano will continue to cause FUD amongst traders if the trend remains neutral-bearish. Find out of ADA price will break out by reading this Cardano price analysis.

The price of IOTA has continued to trade below the $0.3 for the past six weeks and below $0.317 the mid-year; making the market to remain boring for traders. Since the beginning of the month, the price has dropped by about 15% to where IOTA is priced now at $0.256. Meanwhile, support and resistance are still holding since our previous analysis on IOTA.

For about four weeks now, Monero has been showing a sign of bullish after establishing support around $50 last month. Recently, the price surpassed $60 and penetrated the yellow descending resistance which has been forming since July. Now, XMR is priced at $64.3.

Stellar is still up by around 13% on the day despite the latest sharp cut in the price of Bitcoin, which has caused the cryptocurrency market as a whole to fall significantly. Overtaking Cardano, XLM is currently not just the 10th largest cryptocurrency in the market, but also the best performer among the top 20 coins.

Over the last month, most altcoins have been facing serious bearish action as prices saw major corrections. Meanwhile, the August sell-off has made Dogecoin plunge below an ascending trend line (yellow), which has been acting as a pennant support line since April.

After peaking at around $4.4 in late June, ChainLink saw a significant price drop below the long-term ascending trend line (orange), breaking the important support level at $2. As we can see on the daily chart, the market is now subdued with choppy price action. LINK is down by 4.3% on the day, with sellers leading the direction of the market.

While most of the top cryptocurrency projects have dropped below key technical supports over the past three months, Ethereum Classic has managed to remain in its long-term channel.

Looking at the bigger picture, Basic Attention Token is turning bullish on the hourly time frame. After meeting support at the channel’s lower boundary, the price of BAT has been increasing over the past 24 hours, a positive sign as the market gains strength. Overall, BAT is currently up by 8.18% on the day.

The crypto space is back on a weekly bearish mode as Bitcoin falls to $10,200. Due to this fact, Dash continues to maintain a downward movement, although the scenario has been quite significant since early July. Yesterday, DASH fell below $100, and is changing hands at around $90 at the time of writing.