Downtrend

The coins under review are still in bear control but are currently reaching bearish exhaustion. The  BNB, EOS, Monero, TRON, and Cardano fell short of buyers at the demand zones of the chart. However, if the bulls are more than the bears, the coins will appreciate. TRON is promising as it makes a positive move in the uptrend zone.

Litecoin makes a surprising downward move after repeated failure to attain the upper price level. The currency had been consolidating previously for two weeks in October but the bears push the price below the consolidation area. However, the trend corrected upward as the coin resumes its consolidation above the $50 support.

Bitcoin Cash is trading above the $200 demand zone; a break will mean a downtrend continuation. The market also makes an upward correction; a break above the $280 supply zone will mean a change in trend.

The Ripple cryptocurrency (XRP) is presumed to have reversed as its price rebounds recently at the bottom. Previously, the world cryptocurrency market was making a series of lower highs and lower lows. Today, October 10, 2019, XRP's price is attempting to break the $0.29 and $0.32 supply zones.

The globe’s top digital asset by market cap, Bitcoin (BTC), is currently experiencing a bearish trading session. Bitcoin is struggling to hit again and surpass its 30-day high price of about $10929.36, where it had a MC of over $195.481 billion and daily volume of more than $15.98 billion, on Tuesday August 20, 2019.

The price of the original cryptocurrency Bitcoin (BTC) has started a downtrend after hitting $13,800. The coin might even plummet further to break the 21-day exponential moving average (EMA). If BTC continues to decline with this trend, its next landing might be the 50-day EMA, the region where its trading price can get some temporary solace.

For almost 60 days now, Bitcoin (BTC), the leading crypto by market cap, has astonishingly held its own, failing to break below the $3,000 price level several times. This forced massive crypto traders to think that $3,000 will be the point level at which Bitcoin lays low in the latest market cycle (accumulation, uptrend or markup, distribution and downtrend or markdown phases).

Within a period of just 2 weeks (August 1 - August 14), the price of Ether, the native crypto of Ethereum network, plunged by 44%.

This weekend, the Bitcoin price again fell to $570. It is time for buyers to take the initiative or the price of Bitcoin will decline further.