Today, the price of Polkadot (DOT) fell to the low of $37 after falling below the moving averages. If the price breaks below the moving averages, there is a tendency for the price to move down further.
The price of Ethereum (ETH) plummeted as it fell below its moving averages. The largest altcoin has fallen to the low of $3,959 as bulls bought the dips. Today, Ether is moving above $4,000 support.
Ripple (XRP) is in a downtrend as the price drops below the 21-day and 50-day moving averages. This means that further selling pressure is inevitable. Today, Ripple has fallen to the low of $1.01.
Bitcoin (BTC) is in a downtrend as the price breaks below the 21-day moving average and Bitcoin dips to a low of $58,625. In addition, the BTC price has fallen above the 50-day moving average.
The price of Cardano (ADA) has fallen below its moving averages, indicating further downside for the cryptocurrency. At the time of writing, Cardano is trading at $1.82.
Ripple (XRP) has been steadily falling as the price drops below the 21-day moving average but holds above the 50-day moving average. Once the 50-day moving average is broken, the downtrend will resume.
Cryptocurrencies have moved positively into the overbought region of the market. The overbought regions held as sellers emerged and pushed prices lower. However, in a market that is trending strongly, the overbought conditions may not hold.