Ethereum (ETH)
Ethereum has found support at $2,200 and is now on an uptrend, with a 3.6% price increase for the week. Buyers are returning to the market, as indicated by the daily MACD making higher lows on the histogram. If this uptrend continues, ETH could soon reach the key level of $2,500.
Ripple (XRP)
XRP had a difficult week, with a 2.5% price decrease and no signs of a bullish reversal. The breach of Ripple’s chairman’s personal wallets, who holds over $100 million in XRP, added to the selling pressure. XRP’s current support is at 43 cents, and it will need to bottom out there to start a recovery.
Cardano (ADA)
Cardano had a good week, with an 8.6% price increase. The price action looks promising, and buyers are showing interest again. If this rally continues, the important target is the 60 cents resistance that previously halted ADA’s upward movement. Momentum indicators confirm the bullish bias for Cardano.
Solana (SOL)
Solana saw a 13% price increase for the week after being rejected at the $104 resistance. Buyers are eager to try again, and momentum indicators show a clear bullish bias. The key resistance level will determine SOL’s next direction, but if buyers have a successful breakout, they could push Solana towards the next target of around $126.
Binance Coin (BNB)
BNB closed the week without significant price changes compared to last week. However, it managed to stay above $300, which is a positive sign. BNB needs an overall improvement in market sentiment for a breakout that could take it to the $360 resistance level. Currently, BNB is in a flat trend and requires a major breakout to see significant price movement.
Hot Take: The Week’s Crypto Performances
This week, Ethereum, Ripple, Cardano, Solana, and Binance Coin showed varied performances. Ethereum saw an uptrend with support at $2,200 and the potential to reach $2,500. Ripple struggled with selling pressure and a breach of personal wallets. Cardano had a strong rally towards the 60 cents resistance level. Solana experienced the highest price increase and aims for the $126 target. Binance Coin remained relatively stable but needs a breakout to reach the $360 resistance. Overall, these cryptocurrencies have their own unique trends and levels to watch in the coming days.
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