ETH, XRP, ADA, SOL, and HYPE

This week we’ll be looking into Ethereum, Ripple, Cardano, Solana and the hype in more detail.

Ethereum (eth)

It was a quiet week for Ethereum, but managed slightly a 1% price increase. This is because it has been sideways around $1,600 recently. This lack of momentum indicates that market participants are unsure whether the downtrends in ETH will resume.

The current price action is similar to early March, when Ethereum hovered about $1,900 a week before sellers returned. If nothing changes, ETH could be a critical support for $1,400.

The cryptocurrency continues to show weakness in the future. The lack of momentum is a concern, and buyers must defeat resistance for $1,800 to regain optimism.

Ripples (XRP))

This week, XRP was able to defend key support for $2 and booked a 2% price increase. This is a positive indication that buyers are serious about exceeding $2.

Although there is no bullish momentum yet, current price levels will serve as a higher level of larger pivot point in the future, with $2.3 and $2.6 serving as key targets before a $3 major resistance.

Going forward, XRP has a good opportunity to return to a sustained uptrend over the medium term and aim for $3. To achieve this, you will need to significantly increase your purchases in the future.

Cardano (ADA)

XRP found good support, but I can’t say the same thing about ADA. I was unable to regain previous support for $0.64. This is currently acting as a resistance, and sellers have an advantage on the charts.

If the buyer remains absent, the next major support levels will be found at $0.5 and $0.45. Daily MACD has become bullish, but the purchase volume is not there to challenge resistance at $0.64.

Cardano has tended to be flat in the future, preventing buyers from feeling their presence. For this reason, we rarely see any major movements from this cryptocurrency at this time.

Solana (Sol)

Solana rose 13% this week, performing at its best on our list. This was acting as a resistance after the price went above $118.

This uptrend can continue uninterruptedly in the $150 soldiers have returned in the past, and more recently in late March. At a higher level the pass is clear, but buyers should turn $150 into important support if they want to maintain this rally.

Going forward, Sol is experiencing a relief rally after a recent decline. Currently, the sellers are absent, but they can return when the price approaches a significant resistance at $150. It’s best to be careful there.

Hype was the second best performer on our list this week, with prices rising 10%. This comes after touching $9 and then entering a sustained gathering. Given that it has recently reached $17, it means that over 80% jumped in a relatively short period of time.

The rally in early April was very strong, but sellers began to feel more of their presence last week as they increased selling pressures met new highs. This can also be seen in daily sales volumes that are gaining higher prices.

Looking ahead, the hype has done a great run, but this is beginning to show some weakness due to the exhaustion of buyers. This is why pullbacks are more possible at these levels as sellers are back.