Downtrend

Ethereum (ETH) is falling after retesting the $2,600 resistance zone. Buyers have been struggling to break above the $2,600 high since January 26.

Bitcoin (BTC) continues its downward correction as buyers try to keep the price above the $38,000 level. Yesterday, the BTC price rose to a high of $38,270, but the cryptocurrency pulled back.

Chainlink (LINK) returns to oversold territory as the price reaches the low of $13.47. Today, Chainlink has risen back above current support and reached the high of $16.30.

Dogecoin (DOGE) is in a downward correction as the price reaches oversold territory. The cryptocurrency is trading marginally after retreating from the oversold region at $0.12.

The price of Uniswap (UNI) has fallen to the low of $9.55 as the bulls bought the dips. At press time, the cryptocurrency is trading at $10.88. UNI/USD is trading in the oversold zone of the market.

The price of Polkadot (DOT) is trading in oversold territory and above $17 at the time of writing. The cryptocurrency's price action is characterized and dominated by small, indecisive candlesticks known as doji and spinning tops.

Ethereum (ETH) is in a downward correction but consolidating above $2,300 support.

The price of Ripple (XRP) has resumed its sideways movement as the downtrend has reached its bearish exhaustion.

The price of Cardano (ADA) is holding above the strong support of $1.00. The bears have tested the current support repeatedly since December 21. During the January 22 price slump, Cardano fell to the low of $0.91, but the bulls bought the slump.