Fibonacci

Cardano is one of the most performing altcoins which has been consistent in its upward move. The coin has earlier reached a high of $0.09 but was resisted because it reached the overbought region.

EOS has surged upward as bulls broke the downtrend line. The breakout is insufficient as buyers fail to break the $2.80 resistance.

Binance Coin rebounded yesterday to retest the $18 resistance after a month of price tussles. Yesterday, as price broke the downtrend line and closed above it, it signaled the resumption of the uptrend.

Ethereum falls but may find support at $140. Ethereum may risk depreciation if the low at $140 is breached

Buyers and sellers are unrelenting as the tussle for price possession continues unabated beneath the horizontal channel. Last week, the bearish trend was from a high of $152 to $140. The coin rebounded at $140 and moved up to $145.

Ethereum is out of the lower levels of price as it breaks the resistance at $150. Ethereum is expected to trade within the range-bound zones.

Litecoin trades below the resistance zone of $48 to $50. The pair may move up to $65 if the resistance zone is breached.

Ethereum was facing selling pressure a few days ago, as the bears broke through the support at $150. Today, the coin is moving up from its current low at $135. The price rise is said to be hampered at the resistance of $156. This was the price level that has provided support for over two months is now resistance to the coin.

Bitcoin Price Analysis: Bitcoin price fell after bulls fail to hold the $8,000 support level. The BTC/USD pair is likely to experience more selling pressure because of the bearish setup.