Downtrend

Cardano (ADA) has dropped below the 21-day moving average line, indicating a possible downward move for the cryptocurrency. Today, Cardano has fallen to a low of $2.10 and is approaching the previous low of $1.90.

Ripple (XRP) is moving above the moving averages as the altcoin faces rejection at the resistance zone at $1.20. Today, XRP has fallen from the high of $1.20 to support above $1.08.

Ethereum (ETH) bulls failed to recapture $4,000 support as the largest altcoin fell to a low of $3,821. The cryptocurrency could fall further to a low of $3,740 as it is rejected from the high of $3,973.

The price of Uniswap (UNI) has risen above its moving averages, reaching a high of $27. Today, the cryptocurrency is trading at $25.99, having retraced from its recent high.

The price of Bitcoin Cash (BCH) is on the retreat again after retesting resistance at $640. Today, the market has dropped to the low of $572 and further downside is likely. Over the past week, BCH has settled between the 21-day line SMA and the 50-day line SMA.

Last week, the price of Cardano (ADA) continued its downward trend as the altcoin fell to a low of $2.09. Cardano's recent decline is due to the failure of buyers to sustain bullish momentum above resistance at $2.40.

Today, the price of Litecoin (LTC) fell below the 50-day line SMA while the altcoin fell to a low of $166. The downtrend will resume if the bears break the 21-day line SMA. The current selling pressure is due to the failure of the bulls to overcome the $186 resistance level.

Over the past 48 hours, Ripple (XRP) has been in a downtrend. Today, XRP fell to a low of $1.082 after failing to break above the $1.20 resistance level. The altcoin has retreated to support above the 50-day line SMA.

After a prolonged downtrend, Dogecoin (DOGE) fell to a low of $0.19 as the bulls bought the dips. Today, the altcoin is trading above support at $0.24 as we write this article.