Crypto Price Analysis October-18: ETH, XRP, SOL, DOGE, and SUI

This week, we delve deeper into the world of Ethereum, Ripple, Solana, Dogecoin, and SUI.

Ethereum (ETH)

Ethereum concluded an impressive week with a 9% price surge, driven by buyer dominance on Monday. Since then, the price has exhibited sideways movement, but bullish sentiment remains.

The immediate target for this rally is $2,870, potentially prompting sellers to intervene. However, the positive momentum on higher timeframes favors buyers.

Looking forward, market conditions appear favorable, fueling optimism for a sustained recovery. A breakout above $2,870 would pave the way for ETH's ascent towards $3,000.

Ripple (XRP)

XRP's performance lagged behind the market but still managed a respectable 3% price increase this week. Buyers maintained the price above the 54-cent support level, but upward momentum was limited.

In the event of a sustained market rally, XRP could potentially surge towards its first target at 60 cents. Breaking this resistance would open the door for bulls to target 68 cents, a crucial resistance point.

Solana (SOL)

Solana also had a remarkable week, posting a 9% price increase. Despite this positive performance, it was not sufficient to surpass the critical resistance at $164. This level has repeatedly thwarted bulls' attempts to break through since August.

Nevertheless, the price action is forming consistent higher lows, indicating a bullish bias. Buyers are likely to make another attempt at this resistance, and if momentum permits, they may succeed.

Dogecoin (DOGE)

Driven by an astonishing 24% rally this week, DOGE shows no signs of slowing down. This surge was triggered by a clear breakout above 10 cents. The price now hovers just below the 13.5-cent resistance, which is likely to give way if buying pressure persists.

Dogecoin's bullish momentum is robust, and the altcoin may be poised to join the ranks of other meme coins that have performed well in recent weeks. Funds may be rotating back into DOGE, making it an attractive investment at these levels.

SUI

SUI set a new all-time high this week at $2.36, but sellers have since emerged, pushing the price into a correction. Despite this setback, the cryptocurrency still closed the week with a 10% gain.

Support may be found near $1.9, attracting buyers and halting the correction. Once confidence in the rally is restored, SUI could revisit higher levels.

SUI's all-time high achievement marks it as a rare altcoin that has performed exceptionally well this year. This strength could propel SUI into price discovery, potentially reaching higher targets like $2.5 and $3.