This week’s crypto price analysis focuses on Ethereum, Ripple, Cardano, Shiba Inu, and Toncoin, highlighting their recent performances and key levels to watch.
Points
- Ethereum （ETH） increased by 12%, targeting $4,000 resistance.
- Ripple （XRP） surged by 22%, with key support at $0.54.
- Cardano （ADA） rose by 7%, facing resistance at $0.46.
- Shiba Inu （SHIB） had a 9% increase, despite the WazirX hack.
- Toncoin （TON） remained flat, consolidating near key support.
In this week’s crypto price analysis, we take a closer look at the recent performances of Ethereum （ETH）, Ripple （XRP）, Cardano （ADA）, Shiba Inu （SHIB）, and Toncoin （TON）. Each of these cryptocurrencies has shown varying degrees of strength, with key levels and trends to watch in the coming days.
Ethereum （ETH）
Ethereum had a strong week, closing with a 12% price increase. This recovery allowed ETH to turn the $3,300 level into key support. Buyers are now looking towards the next target of $4,000, which will act as significant resistance. The last time ETH tested this level was in May, when sellers rejected it. Optimism is returning to the market, and as long as bulls maintain momentum, higher price levels become likely in the coming weeks.
Ripple （XRP）
Ripple outperformed most of the market with a 22% rally this week, pushing the price to nearly $0.64, a level not seen since April. Buyers are currently trying to secure $0.54 as key support after a pullback from the explosive rally. If they succeed, the next resistance level to challenge will be $0.68. XRP’s return to the spotlight suggests strong investor interest and potential for further gains.
Cardano （ADA）
Cardano also saw positive movement, increasing by 7%. However, the price faced resistance at $0.46, halting the rally. If ADA holds firm at this key resistance, it could push the cryptocurrency into a longer pullback. Despite this, buyers are defending the $0.40 support level effectively. The bullish momentum remains, but ADA needs to break above $0.46 to maintain it.
Shiba Inu （SHIB）
Shiba Inu had a bumpy week but managed to close with a 9% price increase. The news of the WazirX hack, which involved the theft of 5.4 trillion SHIB tokens, caused significant volatility. Currently, SHIB is battling at the $0.000018 level. If buyers regain control, SHIB could return to an uptrend. The local trend remains bullish as long as SHIB avoids making a lower low.
Toncoin （TON）
Toncoin’s price action was relatively flat compared to other cryptocurrencies, as it had already rallied during the market correction. The current all-time high and resistance is at $8.3, with support at $6.8. TON has held well above key support but buyers remain hesitant. This consolidation could last longer before buyers take a decisive run at the current resistance.
解説
- Ethereum’s strong recovery and upcoming resistance at $4,000 indicate potential for continued bullish momentum.
- Ripple’s significant rally and key support at $0.54 suggest strong investor confidence and potential for further gains.
- Cardano’s resistance at $0.46 is a crucial level for maintaining its bullish trend.
- Shiba Inu’s resilience despite the WazirX hack highlights its potential for recovery.
- Toncoin’s consolidation indicates a cautious market but potential for future gains if resistance levels are tested.