Downtrend

Polkadot (DOT) price is in a downward correction after failing to hold DOT above the $32 high.

The price of Ethereum (ETH) is in a downward movement. Today, the largest altcoin drops to the low of $3,111 support as bulls buy the dips.

The price of Ripple (XRP) is moving above the $0.75 support, with the bears retesting the $0.76 support while the bulls are buying the dips. After each retest, the candlesticks show outstanding long tails above the current support.

Binance Coin (BNB) price comes under selling pressure again after losing $500 support. The cryptocurrency has fallen to the previous low of $462. This was the low of the price drop on December 4.

The price of Bitcoin (BTC) has taken another tumble after eight days of struggling in a tight range. As of press time, the BTC price has fallen to $42,887.

Altcoins are struggling to recover from the downtrend. Pullbacks at recent highs have caused altcoins to fall below their moving averages.

The price of Bitcoin Cash (BCH) is in a sideways trend. Since the price collapse on December 4, the altcoin's downtrend has eased but resumed consolidation above current support.

Litecoin (LTC) price is in a downward correction as the altcoin falls below its moving averages. LTC price's recovery is being hindered by resistance at $165.

The price of Ripple (XRP) remains in a downward correction after buyers failed to keep it above $1.00 resistance.