Bitcoin price & Altcoin analytics

Since May 12, the price of Cardano (ADA) has been trading above the price level of $0.40. After the last downward impulse on May 12, the downtrend has weakened as the bulls bought the dips. Moreover, the cryptocurrency fell into the oversold zone of the market. The upward correction was stopped when the price reached the high of $0.59.

Litecoin (LTC) price has continued its downward movement and has fallen to a low of $54. As usual, the bulls bought the dips to resume the upward correction.

The bear market is not over yet, but some cryptocurrencies remain positive despite the current downtrend. Altcoins are attempting a recovery rally but are coming under selling pressure at resistance levels. Let us discuss some of the cryptocurrencies that have performed the best.

The price of Ripple (XRP) is in a downtrend as the cryptocurrency has fallen to the low of $0.33. The low of $0.33 is the historical price level from February 1, 2021.

The price of Ethereum (ETH) is falling as it faces rejection at the $2,200 resistance zone. In the last three days, buyers pushed the Ether price to the previous highs. The Ether price tested the $2,200 resistance level again, but failed to overcome it.

The price of Bitcoin (BTC) is in a downward correction as it consolidates above $29,000 support. Today, the largest cryptocurrency is trading at $29,287 at press time.

The price of Chainlink (LINK) has fallen to the low of $5.50 as the bulls have bought the dips. On May 12, a bearish candle shows a protruding long tail. The tail of the long candle is pointing down, indicating that there is strong buying pressure at current support.

Dogecoin (DOGE) is trading at $0.08 as the bulls bought the dips.

Uniswap (UNI) is in a downtrend and fell to a low of $3.67 on May 12. The current decline was caused by the inability of buyers to keep the price above the $8.00 resistance.