Bitcoin price & Altcoin analytics

UST, WAVES, KDA, MKR and HNT are the lowest performing cryptocurrencies this week. Altcoins failed to sustain their recent rallies as they are rejected at their respective resistance levels. The cryptocurrencies could fall further if the previous lows are breached.

Bitcoin Cash (BCH) is moving sideways after the May 12 plunge. The upward correction was like a price spike that reached $240 resistance and retraced.

The price of Cardano (ADA) is in a sideways trend after the bulls bought the dips on May 12. Last week, the downtrend eased after it fell to the low of $0.40. On May 12, ADA dipped into oversold territory in the market. This attracted buyers who emerged from the oversold area and pushed prices up to previous highs.

Since May 12, cryptocurrencies have managed to hold above their previous lows. Altcoins have made an upward correction as they tried to break through the next resistance levels. Breaking through the next resistance levels will set up a possible rally.

The price of Litecoin (LTC) has reached bearish exhaustion as it fell to the low of $54 on May 12. On May 12, the bulls bought the dips as the altcoin fell into an oversold area of the market.

The price of Ripple (XRP) is in a sideways movement within a narrow range. Since May 12, the downtrend has eased as the altcoin has made an upward correction. The uptrend was completed at a high of $0.46.

The Ethereum price (ETH) is in a fluctuation range as it trades above the $2,000 psychological price level.

Bitcoin (BTC) price is in a sideways movement as the downtrend is easing. Over the past week, Bitcoin has been trading within a limited price range.

Chainlink (LINK) is in a sideways move above $6.00 support. The current downtrend broke above $5.50 support on May 12. Buyers were unable to sustain bullish momentum after bulls bought the dips.