📊 Crypto Price Analysis Dec-15: ETH, XRP, ADA, SOL, and BONK

This week, we dive into the dynamic world of Ethereum, Ripple, Cardano, Solana, and the intriguing BONK.

Ethereum (ETH)

ETH witnessed a spike in volatility, concluding the week with a 5% dip. Despite breaking out of the ascending triangle, the retracement to the breakout point occurred. Holding above $2,150 is crucial for the bullish momentum. A push above $2,500 would signal a robust uptrend, but failure may result in a drop to $2,000 or below.

Ripple (XRP)

XRP's price action seems detached, with minimal gains in November and December, closing the week with a 2% loss. The resistance at 68 cents has been a stumbling block. However, the formation of a bullish parabola suggests a potential breakout. A bullish turn depends on breaking current resistance; otherwise, sideways movement may persist.

Cardano (ADA)

ADA had an exceptional week, boasting a 31% increase, breaching the 60 cents resistance. Currently at 63 cents, a possible pullback might seek support at 60 cents or 51 cents if needed. ADA remains bullish, yet a correction is anticipated considering the sustained rally since mid-October.

Solana (SOL)

Solana closed the week with a 7% gain but faces resistance at $78. The challenge lies in breaking through; otherwise, a re-test of support at $67 could be imminent. The overall bias is bullish, and a successful breakout might propel SOL to triple-digit valuations swiftly.

BONK

BONK continues its relentless uptrend, surging another 178% in the week. With an unyielding appetite from buyers, BONK appears unstoppable. While the uptrend channel persists, touching the upper band could hint at potential relief. The journey ahead may hold more surprises as BONK seeks new record highs.

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