Downtrend

The price of Chainlink (LINK) is in a downward correction as the altcoin faces another rejection at the 21-day line SMA. Since August 28, the price of LINK has been in an upward correction. The upward movement was terminated at the 21-day moving average line.

Dogecoin (DOGE) is in a downward correction as the altcoin consolidates above the $0.061 support level. The price movement has not changed since August 28. Dogecoin fluctuates between $0.060 and $0.064 price levels.

The price of Uniswap (UNI) is in a downtrend, but the cryptocurrency fell to a low of $5.71 on August 28. Last week, UNI was in an upward correction. Today, the altcoin has risen to the high of $6.21.

The price of Binance Coin (BNB) is in a downtrend as the altcoin fell to the low of $275 on August 28.

Cryptocurrencies are down as altcoins rebound to their respective previous lows. Altcoins face rejection as buyers fail to keep the price above the overhead resistance levels.

Bitcoin Cash (BCH) is in a downtrend as the altcoin fell to a low of $111 on August 28.

Today, the price of Bitcoin (BTC) has fallen to a low of $19,811 as sellers break through support at $20,790. Earlier, the largest cryptocurrency faced heavy selling pressure at the $24,000 and $22,000 resistance zones.

The price of Uniswap (UNI) is in a downtrend as the altcoin has fallen to a low of $6.07. The cryptocurrency will continue to decline as the price bars are below the moving average lines.

Polkadot (DOT) is in a downtrend as the altcoin trades below its moving average lines. On August 24, the price of DOT retested the 50-day line SMA, but was rejected.