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.
The price of Cardano (ADA) has been in a sideways trend since the end of the downtrend on August 5. The price indication has already shown a reversal of the downtrend above the $0.30 support.