Ethereum (ETH)
Ethereum is currently attempting to break the resistance at $2,140 after testing it twice in November. The price has remained stable, and if it manages to break this resistance, the next target will be $2,500.
Ripple (XRP)
XRP is still in a downtrend but has found support at 57 cents. If buyers return, the correction may come to an end, but they will face resistance at 68 cents.
Cardano (ADA)
Cardano has landed on its key support at 38 cents and experienced a 3% loss. If bulls hold this level, ADA could end its correction. The current resistance is at 41 cents.
Solana (SOL)
Solana has shown resilience and recorded a 6% increase compared to last week. It defended the price well at $50 and is now back on an uptrend.
Binance Coin (BNB)
Unfortunately, BNB’s price fell by 3% this week and remains bearish. The level at $230 has become a resistance, and there is a possibility of dropping back to $200.
Hot Take: Cryptocurrencies Show Mixed Performance
This week, Ethereum, Ripple, Cardano, Solana, and Binance Coin have shown mixed performance. While Ethereum and Solana have seen positive trends, Ripple and Binance Coin are facing challenges. It remains to be seen how these cryptocurrencies will perform in the coming weeks as market conditions continue to evolve.
Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content. Owen’s contributions serve as a valuable guide for both seasoned enthusiasts and newcomers, aiding them in navigating the dynamic world of cryptocurrencies with well-researched perspectives. With a meticulous commitment to precision, he empowers informed decision-making in the ever-evolving crypto domain.
