Bitcoin Cash (BCH) price is in a downtrend as the altcoin declines to the low of $102. The cryptocurrency has fallen significantly as bears broke below the previous low of $107. The crypto's price reached bearish exhaustion as the altcoin trades in the oversold region of the market.
The price of Cardano (ADA) is in a downward correction, but consolidating in a narrow range between $0.44 and $0.55 price levels. The upward movement was limited by the 21-day line SMA. On June 26, the cryptocurrency was bumped off the 21-day line SMA as the altcoin resumed its downward movement.
Cryptocurrencies are making positive moves as altcoins break out above 21-day moving average lines. However, demand is drying up at higher price levels. Bears are relentless as they sell on every rally.
Ripple (XRP) has declined over the past three days after rejecting the high at $0.38. The decline has reached a low above the 21-day line SMA. The bears have this advantage to push the altcoin to the previous low at $0.30.
The price of Chainlink (LINK) is in a downward correction, while the altcoin continues its sideways movement. Currently, the upward movement is limited by the 21-day line SMA. Today, the bulls failed to break the 21-day line SMA while the altcoin continues its downward trend.
The price of Dogecoin (DOGE) has broken the 21-day line SMA, signalling the resumption of an upward movement. Dogecoin will come out of the downward correction if buyers push the altcoin above the 50-day line SMA. In the same way, the cryptocurrency will rise to reach the previous highs.