Correction

Since April 17, Bitcoin Cash has continued to slump down after each correction on the upside. BCH/USD has resumed a downward move after buyers failed to push BCH above the $1,216 peak price.

On April 17, Litecoin rallied to a $335 high. The altcoin retested the recent high twice before it dropped sharply on the downside. One possible cause of the sudden fall is because LTC has been trading in the overbought region for the past week.

Ethereum is in an upward correction as price faces another rejection at $2,300 high. Selling pressure will resume if buyers fail to breach the recent high. For the past four days, Ether has been in a downward movement.

UNI price rallied to a high of $39.51 on April 15 and made a pullback. The altcoin pulled back to the low of $35. Today, buyers are making a fresh uptrend.

Interestingly, as expected, Ethereum bulls broke the $2,200 resistance on April 13, as price rallied to the targeted price of $2,500.

Litecoin bulls have made a tremendous move as price breach the resistances at $240. The overhead resistance has been holding since February 16 which has compelled the altcoin to a downward correction for about two months.

Chainlink (LINK) price analysis April 11, 2021. LINK/USD has fallen to a $32 low as bulls failed to breach the $35 overhead resistance.

DOT price is still in a downward correction after it was repelled twice at the $46 overhead resistance. The resistance at the overhead resistance caused the altcoin to decline to $38 low.

Bitcoin plunged to $56,800 low after retesting the $60,000 resistance level twice. In the first retest at the resistance, the market slumped to $58,400 support and resumed a sideways trend.