Fibonacci

Ripple (XRP) is bouncing above $0.31 support despite being in a downtrend. In other words, the altcoin's price is fluctuating between $0.31 and $0.40.

Ethereum (ETH) is in a downtrend after sellers broke through support at $1,200 on November 20. Incidentally, the break of the $1,200 support signals the resumption of the selling pressure.

Сryptocurrencies are trading at the bottom of the chart, in the downtrend zone. The coins are under heavy selling pressure as they fall to their own lowest price levels. One advantage of the negative trend is that buyers are attracted to the lower price levels.

Uniswap (UNI) is in a downtrend as it trades above key support at $5.00 and below moving average lines.

As altcoins enter bullish trend zones, cryptocurrencies are making a comeback. However, once the market enters the overbought zone, it is unlikely that prices will continue to rise. If the overbought region rejects cryptocurrencies, selling pressure could return.

Polkadot (DOT) has fallen above the $5.34 support level. The oversold region of the market is where the cryptocurrency has declined.

Ripple (XRP) is trading above the $0.31 support and is in a downtrend. The cryptocurrency's downturn has eased as a sideways trend has set in.

Binance Coin (BNB) price is in a downtrend and approaching its previous range. BNB climbed in an uptrend to a high of $397.

The price of Cardano (ADA) fell to a low of $0.31 on November 9, indicating a downward trend. The cryptocurrency's price has been hovering between $0.31 and $0.38 over the past week.