Correction

After falling to a disappointing low of $1.50, EOS reached a high of $3.10 on April 30. The uptrend was interrupted as the coin reached the overbought region.

After the last breakdown in March, buyers have found the $227 resistance impenetrable to date. The two attempts to break the resistance in April were repelled by the bears.

Yesterday, Litecoin further depreciated to $42 after the bulls failed to push price above the $46 resistance. It has been on a downward move after the crypto achieved its peak price of $50.

Bitcoin Bulls have consistently made attempts to retest the $10,000 resistance. This becomes possible because buyers hold prices above the major support at $9,200.

About 48 hours ago, buyers took the initiative to reach the $0.20500 resistance but were resisted. Before now, Ripple has been sunk to $0.17500 low after a breakdown on May 10.

Today, the below-listed altcoins are experiencing a downward move after a breakdown.  Bitcoin fails to breach the psychological level of $10,000. Consequent upon that the king coin crashed to $8,000.  The market is making an upward correction. The altcoins listed below are equally affected by the downtrend.

The cryptocurrencies are still grappling with the bear markets. The altcoins have all exhausted selling pressure but the bulls lack buying power to come out of the downtrend. The coins are in a downward correction.

The cryptocurrencies are in bear markets. The altcoins have all exhausted selling pressure and are in downward corrections. The bulls are making concerted efforts to push the price to the uptrend zone.

On March 12, the entire cryptocurrency market is seen to be somehow booming, and the market's 12th largest cryptocurrency, Chainlink (LINK), is down more than 40%, the worst among the major stocks, as Bitcoinist reported. LINK has actually been surpassed by UNUS SED LEO altcoin from its usual 11th position to where it is now.