This week, we're diving into the world of Ethereum, Ripple, Cardano, Binance Coin, and Solana, where the crypto rollercoaster never stops thrilling!
Let's start with Ethereum, which took a bit of a dive, slipping 3% into the red zone. Despite the buzz about ETH joining the US Crypto Strategic Reserve, buyers couldn't quite keep it afloat above $2,400. Right now, Ethereum is giving it another go to break through that $2,400 resistance. It's like watching a suspense thriller—will it or won't it? If Ethereum can hold its ground above $2,000, especially with the White House Crypto Summit on the horizon, we might just see some fireworks soon!
Over in Ripple town, XRP had a party, rallying 13% thanks to its inclusion in the US Crypto Strategic Reserve. It even flirted with the $3 mark! But if XRP wants to keep the party going, it's got to break through that pesky $3 resistance. Right now, it's chilling between $2 and $3, waiting for its next big move. With all this buzz, buyers have the upper hand.
Now, let's talk about ADA, which skyrocketed by 80% after some presidential tweets about the US Crypto Strategic Reserve. It briefly touched $1 before sliding back a bit, closing the week with a hefty 41% increase. To keep the good vibes rolling, ADA needs to hit a higher high above $1.32. If it breaks through resistance at $1 and $1.3, it could be showtime for ADA's rally from November 2024!
Binance Coin, on the other hand, didn't get a shoutout from the big guy, so it had a quieter week, slipping 2%. But BNB is holding strong around $600, a perfect spot for buyers to make their move. With solid support at $550, BNB is poised for action, especially with more crypto news brewing in the US. If it stays above $600, the bulls might just take the reins.
And finally, Solana had a wild ride, spiking to $180 before sellers pulled it back down, ending the week with a modest 5% gain. But fear not! Solana has confirmed $134 as a rock-solid support, and the buyers are eyeing a breakthrough above $164. If they succeed, we could see a trend reversal and Solana shooting for the stars once again!
Stay tuned, because in the world of crypto, anything can happen!
