The altcoins listed below are the underperforming cryptocurrencies. The altcoins are in a horizontal trend after exhausting the bearish momentum. Other cryptocurrencies rallied when the bulls broke above the moving average lines.
Bitcoin has regained the psychological price level of $40,000. However, it is doubtful whether the bullish momentum can be sustained above this high. The cryptocurrency is trading in the downtrend zone and lacks buyers at a higher price level.