This week's analysis focuses on Ethereum, Ripple, Cardano, Solana, and Dogecoin.
Ethereum (ETH)
Ethereum surged 21% this week, reaching over $3,000. This rally signals renewed optimism after a challenging period. The key support level is now $2,880, with the next resistance at $3,350. ETH is showing strength that could lead to a sustained rally towards $4,000 or even $4,800 (its all-time high).
Ripple (XRP)
XRP gained 7% this week, breaking above 54 cents. Buyers are returning, resulting in increased buy volume. The next resistance level is 60 cents. XRP is a momentum coin, and its price may soon approach other altcoins like ETH and SOL.
Cardano (ADA)
ADA surged 22% this week. The price has broken above 40 cents, with the next resistance at 50 cents. Buyers are dominating, and as long as the market remains bullish, ADA can continue its recovery.
Solana (SOL)
SOL rallied 20% to over $200 for the first time since March. The support level is at $180. The next resistance is at $206, which may challenge buyers. If SOL moves above $206, it can maintain its bullish momentum.
Dogecoin (DOGE)
DOGE was the best performer this week, gaining 26%. The price is just below its key resistance at 21 cents. A breakout could lead to further gains towards 31 cents. Dogecoin has potential for strong performance in the coming weeks, with its all-time high of 74 cents as a possible target.