Downtrend

For the past four days, buyers have been struggling to sustain the bullish momentum above the $1.00 support. This will propel XRP to rise and reclaim the $1.40 support.

Bitcoin Cash (BCH) has recovered as it rebounded above the $500 support. Now the upward move is being threatened by the resistance at $900.

Since May 19, Ripple has been in a bearish trend as the altcoin was repelled after testing the $1.70 resistance. XRP price was making a series of lower highs and lower lows as the altcoin slumped to $0.65 low.

For the past week, the Bitcoin bearish run has subsided. Today, the BTC price has been consolidating above the $35,000 support. The price movement has been relatively stable on the upside.

Uniswap (UNI) has dropped massively to as low as $15 on May 19. Nevertheless, the bulls bought the dips as price corrected upward. The upward correction was stalled at the $28 high.

Bitcoin Cash (BCH) has resumed selling pressure after a week of range-bound movement between $1,300 and $1,600. The bears overwhelmed the bulls as they broke the $1,300 support.

The second week of May has been a good to quiet number of cryptocurrencies, however, some statements from the popular billionaires like Elon Musk want to close the week in bad style.

Today, May 17, Ethereum (ETH) has been in a downward movement since May 12. The biggest altcoin faces rejection at $3,600 as Ether fell to $3,200 low.

For the past week, Chainlink has been in a downward move after attaining a peak price of $52. Today, the downtrend has continued after rejection from the high of $48. The downtrend is making a series of lower highs and lower lows.