Downtrend

Polkadot (DOT) is falling after the altcoin reached the high of $28. The crypto’s price retraced to $24 support and resumed upward.

Ethereum (ETH) faces rejection at the $2,900 resistance which resulted in a downward movement of the crypto. The biggest altcoin fell to the low at $2,550 as bulls bought the dips.

Ripple (XRP) is falling as buyers find it increasingly difficult to sustain above the $1.10 resistance since June 1. The bulls were repelled twice before the eventual downward move. XRP is likely to fall to the previous low at $0.80.

Cardano's (ADA) price is falling after the rejection at the $1.80 overhead resistance. As ADA price falls the downtrend is likely to extend to the low of $1.30. This has been the price action since May 20. This present rejection will imitate the previous price actions of May 20 and 26.

Bitcoin Cash (BCH) rebounded above $680 support to resume an upward move. The current uptrend is targeted to retest or break the $800 resistance. For the past three days, BCH fell and found support above the $680 for a possible uptrend.

Ripple (XRP) has continued to make positive moves for the past three days. Today, XRP reached the high of $1.10 but buyers could not sustain the bullish momentum above the resistance level. This is not the first time the uptrend has been interrupted.

On May 29, 2021, Dogecoin (DOGE) price was in another downtrend. Now the token is in trade at the level of $0.30 at the time of writing.

Today, the price of Uniswap (UNI) is slightly rising on the cryptocurrency market. If buyers break the resistance at $30, UNI will rally to a $36 high. This will propel the UNI price to resume the upside momentum.

Recently, on May 23, Ethereum recovered above $1,755 support. The recovery propels the altcoin to reach the previous highs. However, the uptrend was stalled at the $2,900 resistance. Buyers could not sustain the bullish momentum above the $2,900 high.