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Over the weekend, BNB rallied towards the $ 29.70 resistance level and subsequently faced rejection which saw it drop back to its immediate support level. This led to the digital asset showing a double top formation, with the two consecutive highs seen on the chart, indicating an extremely bearish technical reversal pattern that could lead to a possible price correction. The dotted lines of the Parabolic SAR above the candles hinted at a downward price trend for the upcoming trading sessions. The Awesome Oscillator was also seen making a bearish crossover below the zero line, indicating an increase in selling pressure.

Chainlink fell from $ 9.5 to $ 8.6 in the last 24 hours. A couple of weeks ago, LINK sharply bounced off the support at the $ 7.8 level, to hit $ 11.2. However, this was not a change in trend but rather a rebound of relief. Highlighted by the cyan arrow in the OBV, the aforementioned increase of around 43% occurred with a fairly normal purchase volume, compared to the sales volume that had been present since August. The OBV has failed to break even that small point on the charts. As the white trend line shows, the OBV has also been trending consistently downward, showing overwhelming sales volume. Without the buyer's interest, LINK was very likely to slip further.

Algorand was forming a descending (white) wedge with a bullish reversal pattern. A breakout to the upside can be a good entry for a long position. However, in the short term, the pattern has yet to be validated. Volatility is likely to taper off in the coming days, ahead of a possible breakout to test resistance at $ 0.31. Trading volume was well above average recently. Inside the pattern, it is not especially important, but an upside breakout would be required to have good trading volume.

The recent drop in the price of Bitcoin did not have much of an impact on the Tezos market, as the cryptocurrency was already on a southward trajectory. The value of the cryptoasset has been crumbling since mid-August, and it hasn't noticed a trend change since then. XTZ's downslope price has been making lows every day, with the same content within a downslope channel on the charts. The aforementioned descending channel depicted on the daily chart underscored the sell-offs that had taken place since mid-August in the XTZ market. While the price did notice some sideways movement for a few days, the trend has remained largely bearish. The XTZ price drop tested the support at $ 1.89 and rallied but was unable to move higher and was consolidating between $ 1.89 and $ 2.38. Bollinger Bands highlighted that volatility in the market had decreased as the bands converged on the charts. Also, the signal line remained above the candles, as it has been since the coin started trending down on the charts. When XTZ tested its support level, it briefly entered the oversold zone. This was visible in the Relative Strength Index when the signal line slid below 30. Although the signal line had rebounded and was at 35, at press time it remained close to the oversold zone. The price of XTZ had moved enormously in recent months, and it marked its annual high of $ 4.56, after which it moved lower. The Fibonacci Retracement Tool identified support for the coin at $ 1.81, in the given period, while the next resistance level for XTZ was higher at $ 2.57, due to the price collapse. The price of XTZ has not stagnated between these levels in the past. Ergo, we can witness a change in the price level in the long term.