Demand

The price of Binance Coin (BNB) has been in a sideways movement since the price collapse on August 19. The cryptocurrency is trading between the price levels of $260 and $300.

The price of Ripple (XRP) remains in a downward correction as the cryptocurrency holds above the $0.32 support. Last week, XRP continued its movement between $0.32 and $0.35.

Bitcoin (BTC) price is in a downtrend as it holds above the $20,790 support. Since August 19, the BTC price has been indecisive due to the presence of doji and spinning tops small body candles. The price movement has been slow due to the indecision of buyers and sellers.

Bitcoin Cash (BCH) traded above its moving average lines last week. Initially, the bears failed to sustain the momentum below the moving average lines as the bulls halted the decline.

Litecoin (LTC) price has been in an uptrend since July 28. The uptrend could not be maintained above the $65 resistance zone, hence the rejection.

Bitcoin (BTC) price has continued its rally to a high of $24,736 on July 30. Buyers failed to sustain bullish momentum above the $24,000 resistance zone for the second time.

The price of Bitcoin Cash (BCH) resumed its downward correction as it fell below the 50-day line SMA. The cryptocurrency is now fluctuating between the moving average lines. The altcoin is above the 21-day line SMA but below the 50-day line SMA.

Ripple (XRP) has fallen as buyers have failed to keep the price above the high of $0.38. This is the second time XRP has faced the rejection of the $0.38 overhead resistance. The cryptocurrency was previously rejected at the $0.38 high on June 24.

The price of Bitcoin (BTC) has dropped marginally as it fails to break above the $24,000 overriding resistance. Breaking the overriding resistance would have signaled the resumption of the upward momentum.