Downtrend

Binance Coin (BNB) price plunged to an oversold region at $323 as bulls bought the dips. The BNB price fell to a low of $323 and pulled back to retest the historical price level of January 22. The current downturn was rejected at the high of $380.

The price of Bitcoin (BTC) has continued its downward movement as the bulls failed to overcome the high at $39,000.

The price of Bitcoin Cash (BCH) is in a downward correction as the bears have broken below the 21-day moving average line.

Cryptocurrencies have fallen to their previous lows, including the largest cryptocurrency. Most altcoins have reached the oversold region of the markets. Can the altcoins recover from their previous lows? Let us examine the individual charts.

The cryptocurrency market has resumed its downward correction as altcoins are set back from their previous highs. This came after the BTC price fell to its recent high on February 17.

The price of Ripple (XRP) is losing $0.75 support as the altcoin plunges to a low of $66. The bears broke the support at $0.75, which held for the last two weeks. The bullish scenario is now moot as the altcoin comes under selling pressure once again.

The price of Dogecoin (DOGE) has continued its downward trend after rejecting the high of $0.17. Since the start of the downtrend, the cryptocurrency's price has hit a series of lower highs and lower lows.

The price of Polkadot (DOT) resumed its downward correction after the price fell below the moving averages. Today, the DOT price fell to the low of $17.

Today, Binance Coin (BNB) is falling after buyers failed to break the 50-day moving average line or resistance at $440. This is the second time the bulls have been beaten back at the 50-day moving average line.