This week, we’ll take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin.

Ethereum (ETH)

Ethereum’s correction appears to be over, but the price was unable to break above the key support at $3,300. Despite this, ETH ended the week 4% higher.

Overall momentum remains bullish on higher time frames, but ETH has been lagging recently, including the relative overperformance of Bitcoin.

Looking ahead, the cryptocurrency needs to break through the $4,000 resistance level to become competitive again and lead the market higher. Otherwise, it will fall into the shadow of Bitcoin.

Ripple (XRP)

XRP remains flat and unable to break out of the range, which is why the price is only up 1.7% this week. Support is at 53 cents and resistance is at 68 cents.

Consolidation between key levels has been going on for months, and XRP still hasn’t seen a major breakout. The most notable high was 94 cents in July 2023.

Going forward, XRP must break through resistance to attract buyers again. The alternative is a continuation of this flat trend, which has so far struggled to attract buyers' attention.


Cardano (ADA)

Cardano, similar to Ethereum, is trading just above the key support level of 61 cents. It also ended the week up 6%.

Bullish momentum is not fully established yet, but if buyers manage to push the price away from key support, they could challenge the current resistance at 80 cents.

Going forward, if this cryptocurrency resumes its uptrend, it could eventually move closer to one dollar, which would attract market participants and revive price action after the recent correction.

Shiba Inu (SHIB)

Shiba Inu is back on the uptrend, with prices up 14% this week. That's an impressive return considering most of the market is still recovering after this correction.

Despite this performance, SHIB still lags behind Dogecoin, which has hit new highs this year. Current resistance is $0.000037.

Looking ahead, the memecoin appears ready to make new highs, and SHIB is well positioned to follow in DOGE’s footsteps. Keep an eye on key resistance as this will determine where the price moves next.

Dogecoin (DOGE)

DOGE is up an impressive 38.5% this week. Once the pullback stops at the 13-cent support level, buyers will rush in. Near q1un + Wei: 835407865

The price is currently at 21 cents, which is a key resistance level. Buyers need another push to turn this level into support. If this momentum continues, they may succeed.

Looking ahead, Dogecoin is once again in the spotlight, with traders on X speculating on how high Dogecoin could go during this bull cycle. The current all-time high price is 74 cents, which is the main target for the oldest meme coin in cryptocurrencies.