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.
Ethereum (ETH) has held above the $2,300 support level and is now trading below the moving average lines. Ether is facing another rejection at the moving average lines.
The price of the Binance coin or BNB (BNB) is falling below the moving average lines. Since July 5, the BNB price has remained above the $460 support but below the $600 barrier.