In recent times, most cryptocurrencies are faring well as the cryptos trade in bull markets. The recent surge of Bitcoin has pushed the listed coins to rise. Dogecoin and Skycpoin are making impressive runs. The coins are likely to be out of the downtrend zone with a break above their respective resistance lines.
Virtually, all the coins are under selling pressure as they trade in the oversold region. Buyers are expected to emerge to push crypto currencies upward. The coins may remain in the oversold region if buyers fail to emerge.
Cryptocurrencies are gradually entering a bull market as the downtrend ends. Bitcoin SV, DASH, Monero and NEO are making impressive moves but their prices dry up at higher price levels. Dogecoin is bearish as it continues its downward move.
The cryptocurrency market has reached bearish exhaustion as Dogecoin and NEO have already shown. NEO has breached the resistance line and fled to the lower high. Lack of demand at a higher price level frustrated the bullish move. The downward move on Monero and Stellar may have been overdone as the coins consolidate at the bottom. ChainLink is in a range bound movement
Recently, Monero, DASH, and NEO were making impressive moves. These cryptocurrencies made bullish adventures that resulted in stiff resistance causing the coins to drop. The coins dropped and made a pullback which was rejected as the coins face another selling. The Dogecoin and Maker have been relatively stable in price as the coins continue its sideways move.
There are many ways to buy or exchange cryptocurrency for fiat money: exchange services, crypto exchanges, as well as exchanges through private individuals. Unprotected transactions and high commissions are the first thing that digital gold owners can face, as well as people who are just making their first steps into the cryptocurrency world.