Get ready for a rollercoaster ride through the crypto world this week as we dive into the wild adventures of Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin.
Let's kick things off with Ethereum, which didn't exactly have its best week, wrapping up with a 10% drop. It flirted with the idea of dipping below $2,400 and is now trying to reclaim that level as its fortress. If it can't hold the line, sellers might swoop in and drive it even lower. September's gains have evaporated, leaving ETH in a bearish mood. It's teetering on the edge of a lower low, and the coming days could make or break its month. If it stumbles further, we might see it drop to $2,200, but if the buyers rally, it could climb back to $2,500.
Next up, XRP, which played a copycat game with Ethereum, ending the week with an 11% tumble. All the September progress? Poof, gone! It's now hanging below 54 cents, turning what was once a comfy support into a stubborn resistance. If buyers don't swoop in soon, XRP might find itself heading for the 48 cents support. The rejection at 66 cents has left XRP stuck in a July déjà vu.
Cardano, oh Cardano! It made a valiant effort to break through 40 cents, but those pesky sellers had other ideas, leading to a 12.5% drop. It's back to square one, right where it was in early September. Some support popped up around 33 cents, hinting at a possible weekend rally. But after such a week, optimism is in short supply. Cardano might need some more time before it can escape the 32 to 40 cents range that's held it hostage since August.
Even the mighty Shiba Inu couldn't escape the market turmoil, closing the week with a 12% loss. However, it didn't hit a new low, sparking hope that this correction might soon be in the rearview mirror. After its late September rally got rejected at $0.000020, it slid down to $0.000015, where buyers showed some love. In the coming days, we'll see if this is just a temporary bounce or the start of a new climb.
Finally, Dogecoin, our favorite meme coin, took a hit with a 12% loss, mirroring Shiba Inu's moves. Despite the drop, DOGE is still hanging tough in an uptrend, sitting at 10 cents. If it can keep its paws on this support, buyers might make another charge at the 14 cents resistance. Meme coins like DOGE are poised for a quicker recovery once market vibes shift back to the positive side, as long as BTC and ETH don't go diving into new lows.
So, there you have it, folks! The crypto market is a wild ride, full of twists, turns, and surprises. Keep your eyes peeled for the next big move!
