Downtrend

For the past week, Bitcoin has been stuck in the lower region of $9,000. The bulls have earlier failed to break the $9,800 resistance on June 22.

For the past week, Ripple has continued to sustain an upward move after falling to a $0.17 low. The bulls ‘buy the dips’ and pushed the coin to $0.18 high.

Binance Coin has sustained a downward move after breaking the $15 low. The coin has fallen to $14.93 at the time of writing. This is another breakdown after the bulls retested the 12-day EMA.

For the past two weeks, Ether has been consolidating between $225 and $240 to revisit the previous peak price. Buyers were able to break the $240 resistance but were overwhelmed at the $248 resistance.

Litecoin bulls are attempting to push prices above $45 resistance but find penetration difficult. Buyers have earlier pushed LTC to $50 high in June but the market reached the overbought region.

Bitcoin’s uptrend is intact as the coin continues to consolidate in the lower region of $9,000. Analysts believe that if the $9,000- $9,300 support holds, Bitcoin will rise to retest and possibly break the $10,000 overhead resistance.

TRON’s recent uptrend reached its peak price of $0.18 but was subsequently repelled as the coin reached the overbought region. At the recent high, sellers emerged to push prices down.

The king coin has an uphill task as buyers continue to push prices above the $9,500 resistance. Before now the bulls have recovered BTC from the low of $8,914 to a high above $9,400.

LINK has resumed a fresh uptrend after the recent retracement to $3.70 low. Yesterday, a Doji candlestick appeared in the downtrend signalling that the downward move is likely to end.