Breakdown

Following the breakdown on June 2, Ether has been fluctuating in a tight range between $230 and $250 to retest the current resistance.

Binance Coin (BNB) has been correcting upward after the June 11 breakdown. The recent breakdown was the bull’s failure to push BTC above $17.50 high.

EOS is making an upward correction but it is trading marginally above $2.50 support. The price movement is immaterial at the time of writing.

The bulls have been having a running battle at the $68 overhead resistance. The Monero (XMR) coin has been trading below the $68 resistance after the last breakdown on June 2.

Ethereum (ETH) bulls are resilient as they continue to push towards the $250 region. Despite the recent breakdown, it has made a swift recovery from its previous lows.

Bitcoin Cash has resumed its upward move despite the breakdown on June 2. The breakdown was a result of price reaching the overbought region.

Notwithstanding the recent breakdown, the upside range for the Bitcoin (BTC) price is still on hold as bulls continue to retest the $10,000 overhead resistance.

Litecoin made an impressive move on June 1 as bulls retested the $50 overhead resistance. The first retest was in April as the crypto reached the overbought region at $50.

Ripple is facing stiff resistance at the $0.215 resistance level. The crypto has earlier rebounded but could not breach the $0.215 resistance.