Downtrend

The price of Toncoin (TON) has been moving sideways while in a downtrend. The price drop on August 5 caused TON to fall to a low of $4.86.

The worst-performing altcoins are all in downtrends as they find support again in downtrend zones. Others have fallen to the bottom of the charts.

The price of Solana (SOL) has fallen below its moving average lines, reaching a low of $133. The altcoin has been trading between $130 and below the moving average lines over the past week.

The price of Cardano (ADA) has continued to move sideways, trying to break above the moving average lines.

The best performing cryptocurrencies are either above or below the moving average lines. Altcoins above the moving average lines tend to return to their previous highs.

The price of Cardano (ADA) has held above $0.30 thanks to a sideways trend after the price drop on August 5. The cryptocurrency is stable above the $0.30 support but below the moving average lines or the $0.40 resistance level.

The altcoins listed below are the underperforming cryptocurrencies. The altcoins are in a horizontal trend after exhausting the bearish momentum. Other cryptocurrencies rallied when the bulls broke above the moving average lines.

Altcoins are recovering from their recent decline. In the early stages of the recovery, bulls will stop the decline above existing support while moving sideways.

The price of Solana (SOL) has recovered as buyers have halted the decline above the $120 support. Price analysis by Coinidol.com.