Altcoins Face Selling Pressure as Markets Reach the Oversold Regions

Enjin Coin, Holo Coin, Ontology and VeChain are in a sideways trend as the coins fail to break their respective overhead resistances. The bulls made a second unsuccessful attempt at the $0.16900 resistance and the market finally dropped to the lower price range.

The range-bound levels of $0.001 and $0.0100 have not been broken as the market continues its sideways trend. However, HOT is level 40 of the Relative Strength Index indicating that the market is in a sideways trend.

Timeline of Holo, Ontology, Vechain