Downtrend

Binance Coin (BNB) price has been holding steady above the $500 support. At press time, BNB is trading at $527. Over the past week, the cryptocurrency's price has fluctuated between $505 and $550.

Virtually all of the worst performing altcoins are trading in the downtrend zone. This is a sign that the bears are controlling the prices. Altcoins have not been able to recover.

Bitcoin Cash (BCH) has continued to consolidate above $415 support following the downward impulse on December 13. Today, price action was marginal due to the presence of doji candlesticks and spinning tops.

Cardano (ADA) is in a downtrend, trading at $1.29 as of press time. The cryptocurrency has consolidated above $1.18 support, but is fluctuating between the $1.18 and $1.40 levels.

Bitcoin drops below the psychological $50,000 price level. Altcoins are moving positively in the bullish trend zone. Yearn.finance and other altcoins are on the verge of breaking into the bullish trend zones.

The price of Ripple (XRP) has rallied above key support at $0.76. This support has been held since August 8. The current rally indicates a possible uptrend for the cryptocurrency.

Bitcoin (BTC) has fallen into a narrow range between $47,000 and $50,000. Today, the BTC price is trading at $46,589 as of press time. Buyers are struggling to push the price above the $47,000 support level.

The price of Chainlink (LINK) is in a downward correction. The cryptocurrency's price has fluctuated between $17.20 and $23 since the price collapsed on December 4.

Dogecoin (DOGE) is trying to move back up after a disappointing price rally. Dogecoin rallied above $0.16 support after the December 4 plunge.