🔥🔥🔥Crypto Price Analysis June-29: ETH, XRP, ADA, DOGE, and DOT
📉 Ethereum (ETH)
Ethereum fell 3% this week, struggling to defend the key support at $3,500. With five consecutive weekly candles closing lower, ETH is in a clear downtrend. To reverse this, ETH needs to move above $3,700, potentially challenging $4,000. Failure to hold support could see ETH fall to $3,000.
📉 Ripple (XRP)
XRP mirrored ETH, falling by 2.7% this week. With five weekly red candles, there is bear indecision due to low sell volume. XRP is holding above 46 cents, moving sideways. Bulls need to challenge 54 cents resistance to shift back to an uptrend.
📈 Cardano (ADA)
ADA had a better week, rising by 4.8%. The 37-cent support held, allowing buyers to push forward. If the overall market remains bearish, sellers could return, but as long as the key support holds, ADA's correction may be over. Next target: 46 cents resistance.
🐶 Dogecoin (DOGE)
DOGE struggled last week, dropping below the 13.5-cent support. This week, it stabilized with low volatility. Current support is at 10 cents. If buyers can push, they might reverse the bearish trend.
📈 Polkadot (DOT)
DOT bounced back, rising 10% this week, making it the best performer. The key challenge is the $6.7 resistance. Breaking this would give buyers full control. DOT shows promise for a sustained reversal, watch the key resistance.