Downtrend

EOS has surged upward as bulls broke the downtrend line. The breakout is insufficient as buyers fail to break the $2.80 resistance.

Binance Coin rebounded yesterday to retest the $18 resistance after a month of price tussles. Yesterday, as price broke the downtrend line and closed above it, it signaled the resumption of the uptrend.

Litecoin has made a gradual upward move as it approaches the downtrend line or retests the $50 overhead resistance. In recent times, the upward move has been plagued by several setbacks.

In the last 48 hours, Ripple has failed to breach the downtrend line. The crypto has been unsuccessful to push above the previous highs.

Litecoin has settled above $42 after a series of downward moves in May when the coin reached the overbought region. The crypto has a major breakdown that plunged it to $39 low.

Since April 29, the bears have overwhelmingly subdued the bulls as buyers failed to break above the downtrend line. The downtrend line shows the resistance levels of the price of Ripple.

After falling to a disappointing low of $1.50, EOS reached a high of $3.10 on April 30. The uptrend was interrupted as the coin reached the overbought region.

After the last breakdown in March, buyers have found the $227 resistance impenetrable to date. The two attempts to break the resistance in April were repelled by the bears.

Ethereum’s bulls have one more hurdle to jump over before retesting or breaking the $227 overhead resistance. Buyers have the task to jump over the resistance at $215.