Weekly Crypto Recap: ETH, XRP, ADA, SHIB, DOGE
Hereโs a quick summary of how Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin performed this week.
Ethereum (ETH)
- ETH price increased by 7% this week.
- Support at $3,350 halted the correction.
- Local high reached, consolidating above key support.
- Resistance at $4,000 remains unchallenged.
- Focus on keeping price above $3,350 for uptrend.
Ripple (XRP)
- XRP price up 5%, trading between 54 cents and 68 cents.
- Lacks momentum to challenge key resistance.
- Current price around 60 cents, expecting sideways movement.
- Struggling to attract market attention for breakout.
Cardano (ADA)
- ADA gained 3% this week, but overall April price action bearish.
- Continued trend of making lower lows since March.
- Former support at 61 cents now resistance, next level at 56 cents.
- Sellers likely to be aggressive if 61 cents not reclaimed as support.
Shiba Inu (SHIB)
- SHIB saw a 4% price increase, still lacking strong bullish momentum.
- Key support at $0.000025 holding for now.
- Formation of large pennant suggesting possible volatility.
- Potential breakout towards $0.000037 resistance.
Dogecoin (DOGE)
- DOGE surged by 15.8%, outperforming other altcoins this week.
- Near key resistance at 21 cents, hinting at potential breakout.
- Potential for new highs if resistance turned into support.
Hot Take: Stay Alert for Potential Breakouts
As the crypto market continues to show signs of volatility and potential breakouts, it is essential to stay informed and monitor key levels for Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin. Keep a close eye on price movements and be prepared for possible shifts in momentum in the coming days.
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.