Demand

Ripple is facing rejection at the $0.40 resistance. Today, the coin has fallen to $0.39 low after failing to move up above the current resistance.

Yesterday, Ripple plunged to $0.359 support. The current support is holding as bulls resume a fresh uptrend. Today, XRP is trading at $0.40 at the time of writing.

Following the three unsuccessful attempts to break the resistance at $1,440, Ethereum (ETH)  is consolidating above $1,300.

EOS has been trading marginally in a confirmed range. Presently, the coin is falling after testing the resistance at $3.0.

Litecoin rebounds above $132 as the altcoin resumes upward move. The price is fluctuating between $132 and $147 as buyers fail to take firm control of price upward move.

For the past week, Bitcoin bulls have failed to break above the $24,000 overhead resistance. A successful breakout will catapult the coin to rally above $25,000.

Tezos (XTZ) has been making an upward move for the past four days. The crypto is facing another rejection at the $2.40 resistance.

EOS commenced trading in January in a bullish trend. Before January 2020, the altcoin had been in a bear market for seven months. The coin has an opening balance of $2.59 but it rallied to $4.39 in the same month.

In a nutshell, Bitcoin Cash has been in price consolidation all through the year. In January, BCH reached its peak price at $405, and in the subsequent months of February and March, there was a bearish reaction as the coin slumped to $133 low.