ETH, XRP, Ada, Pepe and Doge

ETH, XRP, Ada, Pepe and Doge

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

Ethereum (ETH)

Since the market wrote red numbers, Ethereum fell 7.4 % this week. The key level has turned into resistance at $ 1,800. This illustrates a big change in the structure and gives the bears control over the price movement.

The dynamics have become bear and a test of the important support at $ 1,660 will probably appear in the coming week. This will be all the more the case when Bitcoin continues its correction.

With a view to the future, Ethereum could maintain its macroeconomic upward trend (higher deep stalls) if the important support remains with $ 1,660. If not, the bulls get into a very difficult location, since this would pave the way for cryptocurrency to achieve a level that has not been achieved since March 2023 (under $ 1,500).

Diagram of Tradingview

ripple (XRP)

rippleder downward trend accelerated this week and led to a loss of valuation of 8 %. Since the support was lost at 44 cents and turned into a resistance, the buyers have withdrawn to the 40 cent mark.

With regard to the future, the sellers are in charge, and the apparently more likely scenario is that the XRP price sinks to 40 cent support. As soon as it has arrived there, his reaction to this level would probably determine the short -term trend.

Diagram of Tradingview

cardano (ada)

After the head and shoulder reverse pattern was confirmed, Ada fell by 7.7 %this week. It seems less likely that the price will last until it achieves support at 34 cents. In a way, this price movement is similar to that of XRP, and buyers will probably be absent until the important support is achieved.

The momentum indicators such as MacD and RSI are bears and fall on lower low stalls. The daily RSI is less than 40 and still has scope until it reaches the oversized area (under 30). Together with a declining MacD, this indicates that the sellers will probably dominate for some time.

look ahead , this cryptocurrency remains bearish. If the buyers do not return to the 34 cent support, the next probable candidate will be found at 30 cents, which is also an important psychological level.

Diagram of Tradingview

pepe (pepe)

The spectacular appearance of Pepe ended with an equally spectacular fall. This meme coin fell by 37 % last week and over 75 % compared to its all -time high. The worst is that the sales pressure has increased in the past few days. This clarifies that some owners have surrendered and accepted the loss.

The bony notor proved to be a top event and the price has not stopped falling since then. Pepe is also the worst performer on our list this week. In a way, this is not surprising when you consider that the extent of the Fomo and Hypes reached the climax of irrationality at that time.

With a view to the future, Pepe has a support at $ 0.0000010. However, there is no support for this meme coin is fragile, and in view of its offer, it would not be surprising if it would break in by over 90 %. This is all the more likely if the overall market is still declining.

Diagram of Tradingview

dogecoin (doge)

Since Dogecoin is completely in the shadow of Pepe, this Meme Coin found no buyer and its price has fallen by 10.5 % in the past seven days.

Since the dynamics benefit the sellers, the daily RSI quickly approaches the oversized area at 30 points. This could offer buyers the opportunity to stop the downward trend at the important level of support. The current resistance is 7.5 cents.

With a view to the future, a test of the most important support seems to be right. In the weekly time frame, the price movement in 2023 shows a flat trend and Doge has not managed to collect enough strength to enter an upward trend.

Diagram of TradingView.