Testing

This week the cryptocurrency market is rising and testing the above resistance levels.

This week, cryptocurrencies are struggling to recover from the previous decline, but selling pressure is still present at higher levels.

Shiba Inu (SHIB) price is bearish but fluctuating below the moving average lines.

Cardano (ADA) price is rising as it exceeds the 21-day SMA.

The price of Chainlink (LINK) is rising after reaching a high of $7.00 on January 14. Once the altcoin entered the overbought zone, the uptrend was broken. After a retracement above the moving average lines, the price of the cryptocurrency started to rise again.

The Bank of Spain has announced that it has begun testing the EURO backed stablecoin, called EURM. The new digital euro is based on the Ethereum and Polygon blockchain network.

Binance Coin (BNB) is rising while approaching the historical price level of November 26. The cryptocurrency's value rose to a high of $314.40 before declining.

The Bitcoin (BTC) price has risen above the $18,000 level after two months of sluggish movement.

Bitcoin Cash (BCH) price is fluctuating between $98 and the moving average lines. Since November 23, the uptrend has been shaky.