This week's analysis of Ethereum, Ripple, Cardano, Shiba Inu, and Tron reveals mixed results for these cryptocurrencies. Ethereum (ETH) experienced a modest loss of 1.7% this week, with the price under the key resistance at $1,660. The current support levels are found at $1,550 and $1,440, with the latter having the most confidence to stop sellers should they increase their pressure at these levels.
Ripple (XRP) has been consolidating around 50 cents for a while now and closed the week with a minor loss of 1.7%. This cryptocurrency has strong support at 47 cents, which is not far from the current price. The resistance is at 56 cents, and so far, buyers have not been able to test this level.
Cardano (ADA) is also found in a flat trend above the key support at 25 cents, registering a minor loss of 1.3% this week. Sellers were unable to break this support even though they tried several times. The price action appears fragile to any renewed volatility across the market, particularly if the market leaders such as BTC and ETH decide to drop lower.
Shiba Inu (SHIB) continued its downtrend, registering a 5.5% loss this week, making this meme coin the worst performer on the list. The current support is found at $0.0000075, and so far, it held the assault from bears. Nevertheless, sellers could return to take the price lower if the bearish sentiment continues.
Tron (TRX) managed to register an increase of 1.8% this week, making it the outlier in the list. The price action placed TRX in an uptrend since the start of the year, with the price making higher lows and higher highs for months now. Tron has support at $0.077, and if buyers persist, they could take the price back to the key resistance at $0.086.
