ETH, XRP, Ada, Doge and Shib

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Diese Woche werfen wir einen genaueren Blick auf Ethereum, RippleCardano, Dogecoin und Shiba Inu. Ethereum (ETH) Die Bullen übernahmen diese Woche die Preisbewegung und Ethereum verzeichnete einen beeindruckenden Preisanstieg von 12,6 %. Das Momentum hat sich innerhalb weniger Tage in einen Aufwärtstrend verschoben, und nun wird erwartet, dass der Preis weiter steigt. Ethereum fand bei 1.660 $ eine gute Unterstützung, die als Dreh- und Angelpunkt für die aktuelle Rallye fungierte. Dabei verwandelte sich der Widerstand bei 1.820 US-Dollar in eine Unterstützung, und die nächsten Ziele für diese Kryptowährung liegen bei 2.000 US-Dollar und 2.100 US-Dollar. Mit Blick auf die Zukunft …
This week we take a closer look at Ethereum, Ripplecardano, Dogecoin and Shiba Inu. Ethereum (ETH) The bulls took over the price movement this week and Ethereum recorded an impressive price increase of 12.6 %. The momentum has shifted into an upward trend within a few days, and now it is expected that the price will continue to rise. Ethereum found good support at $ 1,660, which acted as the linchpin for the current rally. The resistance at $ 1,820 turned into support, and the next destinations for this cryptocurrency are $ 2,000 and $ 2,100. With a view to the future ... (Symbolbild/KNAT)

This week we take a closer look at Ethereum, Ripplecardano, Dogecoin and Shiba Inu.

Ethereum (ETH)

The bulls took over the price movement this week and Ethereum recorded an impressive price increase of 12.6 %. The momentum has shifted into an upward trend within a few days, and now it is expected that the price will continue to increase.

Ethereum found good support at $ 1,660, which acted as the linchpin for the current rally. The resistance at $ 1,820 turned into support, and the next destinations for this cryptocurrency are $ 2,000 and $ 2,100.

With a view to the future, ETH has a good chance of compensating for most of the losses since April and testing the important resistance at $ 2,100 again if the buyers are successful here.

ethusd_2023-23_1-01-47 Diagram of TradingView

ripple (XRP)

ripple showed a lot of strength than most old coins in the minus, but when the overall market became bullish, he failed to capitalize on this mood. For this reason, XRP only recorded a price increase of 3 %this week.

The currently biggest obstacle to this cryptocurrency is the key resistance at 53 cents, which has so far managed to prevent buyers from driving up the price. Nevertheless, there could soon be further attempts to break out in view of the increasing volatility.

With a view to the future, XRP seems to consolidate under the important resistance, and in the event of a setback, the important support should do a good job at 44 cents to stop sellers.

xrpusdt_2023-23_1-02-32 Diagram of TradingView

cardano (ada)

Cardano finally managed to end his long downward trend after finding strong support at 24 cents. The price recovered in accordance with the rest of the market and recorded a price increase of 12.2 %, similar to Ethereum.

The mood around ADA is optimistic, especially since buyers have managed to push the price to 30 cents. The biggest question now is whether the bulls can keep the price at this key level, since each weakness could transform this level into resistance.

look ahead ada is well positioned to climb up, but this could depend on the general market movements. Keep an eye on Ethereum to get a signal for where the market will move next, since Cardano may follow exactly.

Adausdt_2023-23_1-02-04 Diagram of Tradingview

dogecoin (doge)

Dogecoin also showed an upward trend this week and was able to record a price increase of 7.7 %. This has stopped the downward dynamics and gives the bulls the urgently needed relief. The current support is 6.5 cents and the key resistance is 7.3 cents.

Although the momentum indicators have become bullish, it is still too early to say whether it is a persistent recovery or just a temporary relief. As long as the key resistance continues, sellers could return and push the price down again.

With a view to the future, Dogecoin has to do his best to protect the important level of support at 6.5 cents, since every weakness is likely to be used quickly by bears that have dominated most of the Junis.

Dogeusdt_2023-23_1-03-49 Diagram of Tradingview

Shiba inu (shib)

Shib impressively recovered from its level of support of $ 0.0000065 and recorded a price increase of 16.3 %this week, which makes it the best performer on our list.

The current resistance is $ 0.0000078, and the sellers seem to keep the price at this level after they have suppressed every attempt to break out. Nevertheless, the buyers still seem to be interested in driving the Shiba Inu upwards.

With a view to the future, this is the first time since February that this cryptocurrency has managed to record a clear rally. The challenge for buyers is to maintain this dynamic, which has proven to be difficult in the past.

Shibusd_2023-23_1-13-58 Diagram of TradingView.