Downtrend

Cryptocurrencies' higher price levels attracted heavy selling pressure while altcoins resumed their rally. Bears are holding the upside while bulls are buying the dips. The following altcoins are the top five losers of the past week.

Cardano (ADA) price has fallen below its moving averages. This suggests that Cardano will continue to lose value on the downside.

On November 28, Litecoin (LTC) fell to a low of $182 as the bulls bought the dips. Today, the upside correction threatens to fail at $210 resistance or the 50-day moving average line.

If Bitcoin rises back above $54,000 support, it will have a positive impact on altcoins recovering from the November 26 breakdown. Below are the best performing cryptocurrencies.

On November 26, the price of Ripple (XRP) fell to a low of $0.90 as the bulls bought the dips. Over the past four days, Ripple has shown signs of recovery as buyers have pushed the altcoin to previous highs.

After the recent downward momentum, Bitcoin (BTC) has rallied back above the $54,000 support. On November 26, sellers pushed the price of BTC to the low of $53,555. Had the bearish momentum continued, the bitcoin price would have fallen to $51,050 or $50,000.

Chainlink (LINK) is in a downtrend after dropping to the $23 low. The $23 low is considered an oversold area of the market.

On November 26, the price of Dogecoin (DOGE) fell to its previous low of September 28. In other words, Dogecoin fell to the low of $0.19.

Uniswap (UNI) has been in a downtrend since October 27. However, the current selling pressure has reached its bearish exhaustion.