Downtrend

Ethereum (ETH) is in a downward correction and continues its downward movement.

The cryptocurrencies listed below are still deep in the downtrend zone. The bulls have failed to break the 21-day moving average line, hence the downtrend. The altcoins continue to face selling pressure on every rally. This week, these altcoins may continue to fall.

TerraUSD (UST) is in a downtrend as the altcoin fell sharply to a low of $0.050 but has recovered. Today, the altcoin is trading at $0.073 at press time. The cryptocurrency has been in a downward trend since May 9. Before the collapse began, the altcoin's price was stuck at $0.9950.

Luna Coin is in a downtrend as the cryptocurrency crashed to a low of $0.00000100 on May 13. Prior to the recent plunge, the altcoin has dropped significantly over the last five days since May 9. It fluctuated between $29 and $104 before falling to a low of $0.00000100.

WAVES, FTM, NEAR, CRV and AVAX have dropped significantly to the bottom of the chart. The bears have the upper hand as prices continue to fall after each sell at the resistance level. The worst performing cryptocurrencies have shown no signs of recovery. In other words, there is no attempt at a recovery rally.

Today, the price of Ripple (XRP) is in a downward correction as the cryptocurrency peaks at $0.46. Yesterday, the altcoin fell to the low of $0.33 as the bulls bought the dips. Buyers defended the current support from further decline in the last 24 hours.

Binance Coin (BNB) price is in a downtrend as it has fallen to a low of $207 but has recovered above the $240 support. The cryptocurrency has reached bearish exhaustion as the altcoin has fallen to the low of $207.

The price of Bitcoin (BTC) has continued its downward trend after the largest cryptocurrency lost the psychological price level of $30,000 on May 9. After 48 hours, Bitcoin failed to hold above the $30,000 support while the market fell back to the low of $26,854.

Bitcoin (BTC) price is in a downtrend as the largest cryptocurrency has regained the previous level of $32,937. The previous low is the historical price level of January 24.