Rally

Recently, buyers pushed the price to a high of $250 but were resisted as the market retraced to a $225 low. Today buyers are unrelenting as they retest the $250 resistance.

Following one week of range-bound movement below the 0.20 resistance, Ripple finally rebounded twice and broke the $0.20 and $0.205 resistances.

Litecoin has made tremendous and marvelous moves after breaking the downtrend line. LTC rebounded above the $43 low to break the downtrend line.

Ether breaches more resistance levels as it approaches the resistance zone of $250. The coin has earlier rebounded twice to break the previous overhead resistance at $227 and pushed to a new high of $247.

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.

After one month of price tussle between bulls and bears, Ethereum bulls have broken the $227 overhead resistance.

In the last 48 hours, Ripple has failed to breach the downtrend line. The crypto has been unsuccessful to push above the previous highs.

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.

Since May 14, Ripple’s bulls have failed to sustain the price above the $0.205 resistance. In the several attempts made at the resistance, buyers have found penetration difficult and have resorted to sideways movement below it.