This week we take a closer look at Ethereum, Ripple, Cardano, Dogecoin and Polkadot.
After a rough start to July, Ethereum rebounded 7% this week and recouped some of the recent losses. During this period, the price rose above $ 3000. 📈
Ripple (XRP) has bounced 15% from the 38 cent support this week. At this rate, it might even be possible for the price to test the major resistance at 54 cents in the near future.
Cardano (ADA) made a strong bounce from the 31 cent support and closed the week with an impressive 22% jump. This bounce is encouraging and has erased some of the recent losses.
This week DOGE finally showed signs of life with a 10% bounce from its 9 cent support. But buyers are still hesitant after dominating for just a few days this week. 🐕
Polkadot (DOT) made an impressive bounce from the $5.3 support, but buyers haven't really followed through lately. Still, this cryptocurrency closed the week with a 9% price increase, which is a welcome change compared to the past.
These analyzes can be a guide to predict the future movements of cryptocurrencies. However, as always, manage your investments carefully and make sure you understand the risks.