Downtrend

After the recent decline, the price of Dogecoin (DOGE) is trading between the two moving averages. It is above the 50-day line but below the 21-day moving averages.

The price of Uniswap (UNI) has fallen below its moving averages as the cryptocurrency continues its sideways movement. Today, UNI has dropped to a low of $24.

Today, the price of Polkadot (DOT) continued its downward movement after falling below its 21-day moving average. The bearish momentum continues as the price hits the 50-day moving average.

Selling pressure on Ripple (XRP) continued above $1.10 support. In other words, the market fell above the 21-day moving average. Moreover, the XRP price has fluctuated between $1.10 and $1.25 over the past 48 hours.

In the last 48 hours, the Bitcoin (BTC) price has made impressive moves, rising to a high of $68,000.

Some of the cryptocurrencies under consideration are falling and in a downward correction. For example, Klaytn and THORChain have fallen significantly to the downside. This has led to a downtrend that is erasing price gains.

Over the past two months, Cardano (ADA) price has been trapped in a price range. Cardano is trading in the middle of the price range.

Chainlink (LINK) is declining after retesting the $34 resistance zone. The current retracement is likely to extend to the low of $30.

Today, the price of Dogecoin (DOGE) has fallen to support at $0.26 after its recent vertical rally. Buyers are also pushing the altcoin to previous highs. The upside correction ended at the high of $0.27.