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This week the various cryptocurrencies resumed their sideways trend. eCash, Bitcoin SV, Monero, KuCoin and Maker weekly price analysis from Coinidol.com.

Cryptocurrency analysts of Coinidol.com report, the cryptocurrencies listed below have risen to new highs.

Altcoins are rising above their moving average lines and bouncing off their immediate support levels. At their respective highs, the upside moves are rejected.

The cryptocurrencies below are unique in that the altcoins are trading below the moving average lines. The altcoins have fallen deep into oversold territory.

Altcoins rally as they break out above the moving average lines. Cryptocurrencies have returned to their overbought regions after the rally. Further upside is likely as cryptocurrencies hold above the moving average lines.

BAT, ATOM, XEC, ENJ, and Kava sink to their respective lows as altcoins face rejection on their respective rallies. The 21-day line SMA has put the brakes on any further upward movement in cryptocurrencies.

Cryptocurrencies are taking an upward correction as altcoins break out above the 21-day line SMA. Since May 31, cryptocurrencies have failed to break above the 50-day line SMA, hence the current fluctuations. This week, cryptocurrencies will develop a trend if the moving average lines are broken.

Bitcoin and other cryptocurrencies have increased in value since February 4. This is due to Bitcoin rising above current support as bulls bought the dips. Moreover, the largest cryptocurrency has regained the psychological price level of $40,000 and held above it. This has helped the altcoins to recover as well.

Virtually all of the worst performing altcoins are trading in the downtrend zone. This is a sign that the bears are controlling the prices. Altcoins have not been able to recover.