Altcoins have resumed their uptrend against previously downtrending cryptocurrencies. Other cryptocurrency assets have maintained their uptrend by staying above the moving average lines.
The price of Polygon's Ecosystem Token (POL, ex MATIC) has fallen even lower, breaking through the $0.35 support. POL fell to a low of $0.30, triggering another range move.
The price of Avalanche (AVAX) is correcting upwards after recovering from its decline on August 5. Meanwhile, AVAX price has risen above the moving average lines four times, but buyers have not been able to keep up with the uptrend.
The underperforming cryptocurrencies are currently trending lower after selling pressure at their respective highs. Altcoins that fall below the moving average lines are at risk of further declines.