Downtrend

The price of Polkadot (DOT) has continued to fall as the cryptocurrency has hit a low of $34. A further decline is likely as sellers push the altcoin to the low of $32 before it starts to move up again.

Ethereum (ETH) is in a downtrend today after being rejected at the $4,600 resistance zone. Yesterday, buyers tried to break above the 21-day moving average line but were rejected.

Ripple (XRP) has reached bearish exhaustion. At the time of writing, XRP is trading at $1.03. Since November 18, the price has remained unchanged above $1.00 support.

Binance Coin (BNB) is in a downtrend, fluctuating between its two moving averages. The cryptocurrency's price is trading at $611 at the time of writing.

The price of Bitcoin (BTC) is falling again after meeting rejection at the high of $58,400. Buyers are desperately trying to end the current downward correction.

Since November 18, Bitcoin Cash (BCH) plunged to a low of $540 and continued its sideways movement above current support. Last week, BCH traded in a narrow range between $540 and $600.

Altcoins have fallen off their respective overhead resistance as the market reached overbought regions. This indicates that the short-term sentiment was unfavorable. The following cryptocurrencies showed the worst performance in the last 7 days.

The price of Cardano (ADA) has fallen below the previous low of $1.80 as the cryptocurrency has fallen further to a low of $1.67.

Litecoin (LTC) price has fallen above the 50-day moving average line twice. In addition, the LTC price has corrected to the upside but failed to break above the 21-day moving average line.