As the weekend comes to an end, the market seems to be struggling. Most altcoins have seen much of the gains witnessed at the start of the weekend, go down, marking a price correction. The drop has however seen most find high support positions, validating the recent rally.
During the recent surge, most cryptocurrencies tested key resistance positions. Most significant was Bitcoin’s new resistance of $5,800. This marked an over 5 months high for the coin and saw the cryptocurrency make an over 6% price leap in a couple of hours.