Downtrend

The price of Polkadot (DOT) is in a downtrend, but has resumed a sideways trend. The downtrend has eased after falling to the low of $5.98. The sideways movement starts when the cryptocurrency fluctuates between the price levels of $5.98 and $6.60.

Cryptocurrencies are trading in a bullish trend zone as they break above moving average lines. Altcoins are making short recoveries as they trade in the overbought region of the market.

Bitcoin Cash price (BCH) resumed its upward correction after rising above the moving average lines.

The price of Cardano (ADA) continues to move in the range of the downtrend. Buyers have been trying to push the altcoin higher since October 3.

Litecoin (LTC) price is in an upward correction after the price rose above the 21-day moving average line.

The Ethereum price (ETH) has continued its sideways movement after the recent price drop on September 21.

Cryptocurrencies continue to struggle with downward correction. The upside moves are constrained by the moving average lines, indicating a further decline in cryptocurrency. Some of the altcoins are forced to rangebound as buyers and sellers reach a stage of indecision.

Bitcoin (BTC) price has continued its selling pressure as the price action is dominated by doji candlesticks.

Dogecoin (DOGE) price is in a downtrend as the altcoin drops below the moving average lines.