ETH, XRP, ADA, DOGE, and DOT: June-15 Crypto Price Analysis 🚀📉

Weekly Crypto Price Analysis: Ethereum, Ripple, Cardano, Dogecoin, Polkadot

Take a closer look at the price performance of Ethereum, Ripple, Cardano, Dogecoin, and Polkadot for the week. Understand the key levels and trends affecting these cryptocurrencies to make informed decisions.

Ethereum (ETH)

Ethereum experienced a 4.4% loss this week, losing its bullish momentum
Sellers dominated the price action, pushing ETH towards the key support at $3,500
The pullback could be a standard retest following a significant breakout after the ETF confirmation
Buyers need to maintain the price above $3,500 to avoid any major concerns
Despite being rejected twice at the $4,000 resistance, ETH shows potential for a successful breakout
The price continues to form higher lows on the weekly chart, indicating bullish sentiment

Ripple (XRP)

XRP faced a deeper pullback after being rejected at 54 cents, resulting in a 4% loss for the week
Short-term bias is bearish as buying interest wanes without breaking the key resistance
Volume and momentum currently favor sellers, with key support at 43 cents
XRP struggles to create a higher high in 2024, putting its market attention at risk

Cardano (ADA)

ADA plummeted 6.5% this week as sellers maintain control, pushing the price below 50 cents
The downtrend persists with a potential target of 37 cents, the crucial support level
ADA faces challenging weeks ahead, but a bounce from key support could reverse the trend

Dogecoin (DOGE)

DOGE saw a 7.4% loss as excitement faded in June, currently hovering above the key support at 13.5 cents
Repeated tests at the support level may signal weakness in the market
Bulls must defend the support to prevent new lows for DOGE this year

Polkadot (DOT)

DOT struggles to break resistance at $7.6, leading to a 5.5% decline this week
The price hovers around $6, the crucial support to avoid new lows in 2024
Unless the overall crypto market revives, Polkadot could face challenges like other altcoins

Hot Take: Taking a Deep Dive into Crypto Trends

Stay updated on the latest trends shaping the cryptocurrency market. Arm yourself with valuable insights to navigate the dynamic world of digital assets.

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