Downtrend

For the past week, Binance Coin has been consolidating above the $600 support for a possible upward move. At some time the bulls were retesting the $700 high to resume upside momentum. If buyers are successful above $700 resistance, the market will rise to $800 high. Yesterday, BNB faced rejection from the $700 resistance, signaling the resumption of the downtrend.

Bitcoin has plunged to $46,601 low and pulled back immediately. This sharp drop was a result of buyers failing to push BTC price above the $58,000 resistance level. The $58,000 support has been the crucial price level for the resumption of upside momentum.

Yesterday, LTC/USD rallied to a high of $413 and was rejected at the $420 resistance zone. The LTC price fell to the support at $340 and resumed an upward move on the upside.

Today, Bitcoin dropped sharply to the $54,000 support after rejection from the $56,000 high. For the past three days, BTC price has been facing stiff resistance at the $56,000 high.

Bitcoin Cash has recovered from the recent downtrend to a high of $930. The altcoin had earlier fallen from the high of $1,216 to a low of $692.

Litecoin's downward move reached bearish exhaustion as the altcoin fell and found support above the $210 price level. LTC price rebounded above $210 support and rallied to $255 high.

Today, April 26, 2021, Ethereum (ETH) makes positive moves after breaking the minor resistance at $2,300. Undoubtedly, this current move will retest or break the $2,544 and $2,600 resistance levels.

Chainlink (LINK) price has fallen to the low of $34 after the resistance at the $44 high.

Following its rejection from the $0.45 high, Dogecoin (DOGE) crashed to $0.15 low and pulled back to $0.26 high.