Breakdown

Surprisingly, Bitcoin had a sudden breakdown after smashing the $10,000 overhead resistance. Buyers have already pushed Bitcoin to a high of $10,398 but the uptrend could not continue because the market reached an overbought region.

Surprisingly, Ripple has been stagnant, soon after the breakdown at the $0.20 resistance. For over a week, price has been fluctuating below the $0.20 resistance without any discernible direction of price movement.

Since May 24, Bitcoin dropped to $8,669 and resumed fluctuation between $8,600 and $9,000. For the past four days neither the bulls nor the bears have taken advantage of the recent breakdown.

Litecoin has settled above $42 after a series of downward moves in May when the coin reached the overbought region. The crypto has a major breakdown that plunged it to $39 low.

After the last breakdown in March, buyers have found the $227 resistance impenetrable to date. The two attempts to break the resistance in April were repelled by the bears.

Ethereum’s bulls have one more hurdle to jump over before retesting or breaking the $227 overhead resistance. Buyers have the task to jump over the resistance at $215.

Bitcoin Cash has continued to show weakness after buyers were repelled at the $250 resistance over the last 48 hours. Shortly after the last breakdown, BCH was trading between $230 and $250.

After its May 10 breakdown, the bulls rejected further downward movement from the bears. The bears have fallen to the initial $39 low as buyers step in to push price upward.

About 48 hours ago, buyers took the initiative to reach the $0.20500 resistance but were resisted. Before now, Ripple has been sunk to $0.17500 low after a breakdown on May 10.