Downtrend

The price of Ripple (XRP) has been consolidating above support at $0.62 for the past five days. The crypto had corrected higher, but buyers failed to maintain bullish momentum above the $0.70 high.

The bitcoin (BTC) price edged higher after surging to a high of $34,600 and then retreating. Buyers were unable to sustain the bullish run above the $34,400 high. Today, the bullish momentum has dried up at the $34,400 resistance as the market resumes selling pressure.

Dogecoin (DOGE) upside is meeting with dissent at the high of $0.23. For the past two days, DOGE has been forced to make a sideways move as a result of recent rejection. Buyers have been repelled three times as they attempt to push the altcoin above the resistance level.

Today, the bulls are retesting the resistance level. Chainlink (LINK) is falling to revisit its previous low at $17.60. The altcoin will resume trending when the range-bound levels are broken.

The price of Polkadot (DOT) is in a downward correction but capped between $13.50 and $17. DOT has fallen into the lower price range due to yesterday's rejection. At the time of writing, it has risen to $15.35.

The price of Ethereum (ETH) has been in a downtrend for three days. The largest altcoin fell sharply from the high of $2,400 to the $2,045 low. Bulls bought the dips as the price moved higher, but were stopped out at the high of $2,160.

Ripple (XRP) has reached bearish exhaustion as price retook the previous low above $0.58 but pulled back above $0.60. Selling pressure appears to have abated as price consolidates above current support.

Bitcoin Cash (BCH) has made positive moves to the upside since June 23. However, buyers have failed to break the $540 overhead resistance.

Bitcoin (BTC) price has resumed its downward movement after failing to break above the $35,000 resistance level. This will be the fourth time Bitcoin will be rejected from the recent high.