The best they could do is protect the asset from falling lower. Any weakness could lead to a breakdown, with the next key support being found at $0.38.ĪDA is likely to remain in a bearish trend in the coming week since buyers have not managed to take control of the price action. It seems buyers will have to defend this support again in the coming days. However, every time the price tests a level, the likelihood of it breaking increases. To date, buyers came strong at the key support and saved ADA from falling lower. Its price has fallen back to the key support at $0.43, and bulls remain on the defensive after ADA lost 5% in the past seven days. While ETH and XRP are battling the key resistance levels trying to move higher, Cardano is on the opposite end. If they are successful, then the momentum may return in their favor to take XRP above $0.55 and towards $0.70. In the next few days, the bulls might attempt another run at the key resistance, similar to ETH. While the daily RSI remains on the bullish side, the MACD histogram shows weakness due to making lower highs. What may concern buyers is that the volume and momentum on the bull side are losing strength after the rejection at the key resistance. The bulls remained at the scene and defended well this support level, keeping the price at almost an identical level as seven days ago. Chart by TradingView Ripple (XRP)Īfter failing to break the $0.55 resistance, XRP suffered a pullback that took the price to the key support at $0.44. Since the daily MACD did a bullish cross today, there are some signals that ETH may soon attempt another break of the key resistance at $1,400. This price action indicates a compression period which may end up with renewed volatility in the coming days. While intra-day volatility remains high, the asset closed several daily candles with a slim body where the opening and closing prices were very close to each other. The current price action lacks momentum, and ETH is stuck between the $1,400 resistance and the $1,250 support level. As such, ETH moved sideways below the key resistance, ending this period at a similar price level. This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana.ĭuring the past seven days, Ethereum attempted to break the $1,400 resistance level, but sellers pushed it back as soon as it arrived there.
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