The altcoins are trading in their respective bull markets. Nonetheless, as the coins reached the overbought regions, there was a change in the trend. The cryptos resumed trading in a sideways trend. A rebound or breakout is possible at the overbought regions which will propel the coins to resume the uptrend.
In the week under review, DASH, Dogecoin, Cardano, and TRON were previously making positive moves. In recent times, all the coins have dropped in value as the coins hit the overbought region. Stellar also is in a downward movement as it reaches the overbought condition.
The cryptocurrencies under review are in the bullish trend zone. In other words, Binance Coin, Cardano, TRON and MIOTA are trading above the EMAs which mean the coins intend to rise, retest or break the resistance levels. HOT has been in a sideways trend and the coin is facing further selling pressure.
The coins under review are all trading in a bear market except Cardano and EOS which have been in a sideways trend since September. Distinctively, one common feature of all of the cryptos is that the bulls are making frantic efforts to defend the various support levels. The selling pressure is so much that it reaches a point of breakdown.
The 5 cryptocurrencies under review on Coinidol.com world news outlet have all moved to the bull market as others consolidate at the oversold region. The Dogecoin, TRON and Bitcoin SV have moved up as soon as the initial resistances were broken.