ETH, XRP, ADA, SOL and DOGE

This week, we examine Ethereum, Ripple, Cardano, Solana, and Dogecoin in more detail.

Ethereum (ETH)

Ethereum concludes a strong week with an impressive 21% price increase that puts it above $3,000. Such a concentration had not been seen for months. This is bringing optimism and excitement back to the ETH ecosystem after a difficult period since March.

The most important level on this chart is the support at $2,880, which used to act as resistance. The buyers finally managed to break it and the way is now open for Ethereum to go much higher, with the next key resistance at $3,350.

Looking ahead, ETH is showing signs of strength that were absent for most of the year. This renewed market interest could push it to a sustained rally to challenge the March high of $4,000 and even the all-time high of $4,800 starting in 2021.

Chart for TradingView Ripple (XRP)

This is good news for XRP as its price moved above 54 cents, which is now acting as support. This allowed him to close the week 7% higher. The bullish momentum is not as strong as for Ethereum, but it is recovering thanks to the return of buyers.

Buying volume is starting to pick up, which could indicate that this cryptocurrency may enter a sustained rally that could see it challenge the 60 cent resistance next.

Looking ahead, XRP is a momentum coin and sooner or later its price will aim to catch up with other altcoins that are currently ahead, such as ETH or SOL.

Chart by TradingView

The Cardano community is celebrating a great week after their favorite altcoin surged 22%. This performance allowed the price to break above 40 cents, which is the current support.

With buyers returning, ADA looks poised to challenge the 50-cent resistance below, which has posed some difficulties in the past. However, as long as the overall market remains bullish, this cryptocurrency can enter a sustained recovery.

Looking ahead, Cardano’s downtrend is over, and for the first time since March, buyers are once again dominating. Hopefully, this will last for quite some time, so the price can return to the levels from earlier this year.

Chart for TradingView Solana (SOL)

Solana also had a big week after closing with a 20% price increase. This allowed it to move above $200 for the first time since March. Price action is bullish and higher levels are likely in the future. Current support is $180.

Resistance is at $206 and may challenge buyers next week. A pullback below this level should not be ruled out.

Looking ahead, Solana needs to break above $206 to sustain the bullish momentum. Any weakness there will give sellers an opportunity to take over.

Chart for TradingView Dogecoin (DOGE)

DOGE is the best performer this week, up 26%. This meme coin is coming back into the spotlight, and the price shows it, sitting just below the key resistance of 21 cents.

With buyers returning to DOGE, the chart formed a clear bullish pattern that appears to be starting. As soon as the 21 cent level falls, the price will clearly be at 31 cents, which will be the next key resistance.

Looking ahead, Dogecoin will perform well in the coming weeks as attention returns to the father of meme coins. The current all-time high is 74 cents, which is a likely target if DOGE moves above 50 cents going forward.

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