Fibonacci

Uniswap (UNI) is in a sideways trend as buyers hold the price above the moving average lines. The altcoin is trying to retest the resistance at $7.00. Buyer penetration is a challenge at the $7.00 resistance level.

The cryptocurrencies listed below have dropped significantly into the lower areas of the charts. Currently, altcoins are trading in the oversold areas of the market. It is likely that buyers will emerge in the oversold areas as the current selling pressure subsides.

The price of Ripple (XRP) is in a downtrend, but fluctuating between $0.42 and $0.48 price levels. Selling pressure could resume if sellers break the $0.42 support or the 50-day line SMA.

Binance Coin (BNB) price broke through the moving average lines as the altcoin reached the high of $292. The upward movement was interrupted at the recent high.

The price of Bitcoin (BTC) has been moving positively in the last 48 hours. Yesterday, the uptrend rose to a high of $21,000. Today, the uptrend has stopped as the cryptocurrency falls back to the previous low.

The price of Cardano (ADA) is in a downtrend, but is taking an upward correction. On October 25, the cryptocurrency value rallied as it crossed the 21-day line SMA and reached the high of $0.41

The price of Ripple (XRP) has fallen to a low of $0.44 at the time of writing. The cryptocurrency has declined since the recent high of $0.54.

The price of Litecoin (LTC) is in a downward correction as buyers push the altcoin above the 21-day line SMA. The upward momentum could not go beyond the 50-day line SMA.

Uniswap (UNI) falls back to the low of $5.71 and continues its sideways movement. Since the price collapse on August 28, UNI/USD has fluctuated between $5.50 and $7.00. It is difficult for buyers to overcome the resistance at $7.00.