Downtrend

BAT, ATOM, XEC, ENJ, and Kava sink to their respective lows as altcoins face rejection on their respective rallies. The 21-day line SMA has put the brakes on any further upward movement in cryptocurrencies.

The price of Ripple (XRP) is in a downtrend and has fallen to a low of $0.31. The current price level is the valuable low from June 30. On the upside, further growth is doubtful as the cryptocurrency is rejected at the 21-day line SMA.

The worst-performing altcoins have failed to hold their previous support levels as cryptos have fallen below their moving average lines. The downtrend has eased as some high-profile cryptocurrencies have resumed their recovery rally.

Polkadot (DOT) is in a downtrend and has fallen to a low of $6.53. On June 25, the upward correction was staved off at the 21-day line SMA. This caused the altcoin to fall to the downside. The cryptocurrency was in a downward movement from the high of $8.36 to the low of $6.53.

Today, the price of Ripple (XRP) fell to the low of $0.30. The current decline was a result of the rejection of the high at $0.38. The bulls failed to break the 50-day line SMA after breaking the 21-day line SMA, hence the downtrend.

Ethereum (ETH) is in a downtrend after the bulls were beaten back at the high of $1,280. Since June 26, the price of Ether has steadily fallen to the psychological price level of $1,000. Today, ETH/USD has fallen to the low of $1027.60.

Bitcoin (BTC) has lost the psychological price level of $20,000 as it has regained the previous low of $17,605. Bitcoin bulls and bears have been in a price battle above the $20,000 support level since June 18.

Altcoins are in a downtrend as the price falls below the moving averages. Recent recoveries have all been staved off as cryptocurrencies face renewed selling pressure. Some of the altcoins have reached lower price levels.

Bitcoin Cash (BCH) price is in a downtrend as the altcoin declines to the low of $102. The cryptocurrency has fallen significantly as bears broke below the previous low of $107. The crypto's price reached bearish exhaustion as the altcoin trades in the oversold region of the market.