Downtrend

After a successful breakout above $35,000, the Bitcoin (BTC) price has failed to hold above the $37,000 resistance zone.

Cardano (ADA) is in an uptrend but faces rejection at the $1.40 high. Today will be the second time the altcoin is facing resistance at the recent high. In the first rejection, the altcoin dropped to $1.21 low and resumed an upward movement.

Bitcoin Cash (BCH) is making positive moves after rallying above $430 support. After the rally, buyers successfully pushed the cryptocurrency to the $540 high. Unfortunately, the bears have pushed back the bullish momentum as the altcoin resumes the downside move.

Litecoin (LTC) is correcting higher after regaining the previous low above $118.50. Buyers have pushed the altcoin to the high of $143.

The price of ​Ripple (XRP) is struggling to break above $0.65 resistance. Recently, the bears broke the previous low at $0.65 as the price hit a new low of $0.51.

The price of Ethereum (ETH) bounced above the $1,805 support as buyers pushed the largest altcoin above the $2,034.26 high. The current upside move will likely face rejection at the recent high of $2,085. The crypto is retesting the overbought area of the market.

Bitcoin (BTC) price has retested the $35,000 resistance zone for a possible upside move.

Cryptocurrency market experiences a downtrend. On the other hand, the number of cryptocurrency users is growing.

Chainlink (LINK) is in a downtrend. Today, the altcoin has fallen to a low of $16.02. On May 23, Chainlink hit the low of $15.04 as bulls bought the dips. In this price action, the crypto rallied to $35 high, but was resisted.