This week, we’re diving into the latest action-packed updates on Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin. Buckle up, crypto enthusiasts!
Ethereum had a stellar week, climbing 4% and breaking past the $2,600 mark. The next big hurdle? $2,800, which promises to be a challenging resistance. Since momentum flipped bullish in September, ETH has been riding a wave of optimism, shaking off the downtrend that started in March. If sellers make a comeback, don’t sweat it—there’s solid support at $2,400.
Ripple (XRP) has been playing it cool, showing no movement compared to last week. This is a bit of a head-scratcher, especially since Bitcoin and other altcoins, particularly meme coins, are soaring. XRP is stuck just below 60 cents; if the bulls break through, we might see some action. But with declining volume, don’t hold your breath for major moves just yet.
Cardano (ADA) stole the spotlight with a jaw-dropping 12% increase. After smashing through the 36-cent barrier, ADA is now trying to cement 40 cents as key support. If bulls succeed this weekend, the next target is 48 cents. Momentum is on ADA’s side, potentially pushing it closer to the 50-cent mark—a level not seen since May.
Meme coins are making a splash, and Shiba Inu (SHIB) is leading the charge with a staggering 34% surge. Buyers are flocking back after SHIB found solid footing at $0.000014. The next big test is the key resistance at $0.000020. But beware, the RSI is in overbought territory, so proceed with caution.
Dogecoin (DOGE) also had a fantastic week, jumping 16%. With a market cap nearly double that of SHIB, DOGE needs more buyer power and volume to keep up the pace. The target is 13.5 cents, and with buyers in control, it’s within reach. If the overall market stays optimistic, DOGE could be aiming for 20 cents, revisiting levels from March 2024.
So there you have it—a whirlwind tour of this week’s crypto highlights. Stay tuned and keep your eyes on the charts!
