According to CryptoPotato, according to an analysis by analyst Duo Nine, this week will focus on the price movements of Ethereum, Ripple, Cardano, Solana and BONK. Ethereum (ETH) prices have risen by 12% in the past week, and it has finally broken out of the ascending triangle pattern since 2022. A break above $2,150 initiated this round of gains, and there may not be a significant pullback until $2,500. This is the current target. If buyers remain aggressive, they could push Ethereum to $3,000. Looking ahead, Ethereum's momentum is bullish and it could recover its losses against Bitcoin in the coming weeks.
Ripple (XRP) is also bullish, gaining 5% this week. However, the cryptocurrency still needs to break through the 68 cents resistance before it can aim for higher levels. The 57 cents support is performing well, and considering that buyers are currently dominating the market, Ripple may continue to perform in the coming week. Going forward, the cryptocurrency may break through the current resistance and aim for the previous high in July near $1.
Cardano (ADA) has seen a 28% price increase this week as the bull market has revived. This outperformance destroyed the 46 cents resistance and now buyers are looking for higher levels. The most important resistance on the chart is currently located at 60 cents. Sellers may try to stall this rally around 50 cents but this is unlikely to last considering the market sentiment. Going forward, if Cardano maintains this momentum, a move to 60 cents becomes possible.
Solana (SOL) broke through the $67 resistance this week, and the price increased by 16%. This allowed buyers to push it up to $72 today. If the bull market remains strong, then the previous resistance of $67 may turn into support and Solana may continue to rise with the next target of $80. Looking ahead, this cryptocurrency continues to show strength and the latest breakout confirms that the bulls are still in control.
The surprise of the past two months has been BONK, the largest meme coin on the Solana network. The price has been rising since the end of October, and it has risen by 187% this week alone. With such performance, it is almost impossible to guess where BONK will top out or decide to pullback. From its all-time low, this Solana token has risen 70 times and considering the market sentiment, it may continue to rise. Looking ahead, it seems that the meme coin is back in the spotlight and BONK holders are having their good time.
