Downtrend

Binance Coin (BNB) has come under renewed selling pressure after the price fell below the 21-day moving average line. Today, BNB has fallen from the high of $696 to the low of $568.

Bitcoin (BTC) is in a downtrend as the price breaks below the 21-day moving average and Bitcoin dips to a low of $58,625. In addition, the BTC price has fallen above the 50-day moving average.

The price of Bitcoin Cash (BCH) is in a downward correction as the price falls below the moving averages. Today, the cryptocurrency fell from the high of $720 to the low of $572.

The price of Cardano (ADA) has fallen below its moving averages, indicating further downside for the cryptocurrency. At the time of writing, Cardano is trading at $1.82.

Litecoin (LTC) is in a downtrend. Since November 10, the cryptocurrency has reached an overbought region of the market.

Ripple (XRP) has been steadily falling as the price drops below the 21-day moving average but holds above the 50-day moving average. Once the 50-day moving average is broken, the downtrend will resume.

Cryptocurrencies have moved positively into the overbought region of the market. The overbought regions held as sellers emerged and pushed prices lower. However, in a market that is trending strongly, the overbought conditions may not hold.

Ethereum (ETH) has been in a downtrend since November 9 after being rejected at the high of $4,820. Today, the largest altcoin has fallen to the low of $4,250.

Today the price of Chainlink (LINK) is falling after retesting the high at $36. The $36 is the historical price level from September 6.