Breakdown

Bitcoin SV (BSV)  rallied to a $200 high and pulled back. The altcoin has been range-bound between $170 and $200 after the February 23 breakdown.

Ethereum Classic is in a downward correction soon after the breakdown on February 23. Today, ETC is trading at $12.09 at the time of writing. After the breakdown, the altcoin dropped to $9.03 low and made a pullback.

Bitcoin Cash price is stuck below the $550 price level. Today, BCH is retracing after testing the $550 resistance zone. BCH has never traded above $550 high after the February 23 breakdown. The price has been fluctuating between $440 and $550.

Today, buyers have retested the resistance zone twice and found penetration difficult. This bullish scenario has been ongoing after the February 23 breakdown.

Following the recent breakdown, the XRP price corrected upward but the uptrend was repelled at the $0.50 high. The altcoin resumed a downward move as a result of the resistance.

Yesterday, Bitcoin rebounded above the $45,000 support and rallied above the $50,000 high. Buyers are still struggling to push the price to the previous highs. In the previous price action, the bulls fail to break the resistance at $58,000.

Ethereum is in a downward correction after attaining a new high of $1,874 on February 13. Today, Ether encounters a breakdown while attempting to push above the $1,860 resistance.

Litecoin’s bearish run reached a low of $120 yesterday. Promptly, the bulls ‘buy the dips' as the coin recovered from the recent low.

Binance Coin is in an uptrend but it is facing rejection at the recent high. Today the market has risen above $42 after a rebound above $38 support.