ETH, XRP, ADA, point, link

ETH, XRP, ADA, point, link
This week we take a closer look at Ethereum, Ripplecardano, Polkadot and Chainlink.
Ethereum (ETH)
The price campaign by Ethereum was rather tame last week and only recorded an increase of 0.5 %. This underlines that this cryptocurrency is around $ 1,600 in a consolidation phase.
The most important resistance is $ 1,700, and the support is well at $ 1,550. While the market participants remain a tie for ETH, the price continues to jump between these key levels.
With regard to the future, ETH could benefit from the latest news that Coinbase has launched its own Layer-2 (L2) solution that is building on Optimism. This L2 is called Base and has no own token, and ETH is used for fees. If the Ethereum ecosystem grows, its price could increase due to such fundamental data.
Diagram of Tradingview
ripple (XRP)
ripple shares a similar story with Ethereum and also recorded a price increase of 0.5 %last week. The trend is rather flat at the time of this article, since the buyers did not collect enough momentum to move the price.
With good support at 36 cents, XRP is well positioned to consolidate and rise higher as soon as the dynamic changes. The price also wraps under the key resistance at 40 cents, which could turn out as a house.
With a view to the future, every persistent rally of this cryptocurrency over 40 cents will probably move quickly towards the next important level of resistance at 50 cents. We do not know when this will happen, but the story shows that XRP moves very quickly as soon as the buyers are interested again.
Diagram of TradingView
cardano (ada)
Ada didn't have a good week. It lost 2.4 % of its evaluation after it was sharply rejected by the resistance at 42 cents. This has done the mood, and since then the price has been corrected.
The most likely candidate to stop this downward trend is the key support at 35 cents. Here buyers were interested in the last time and then managed to drive ADA to a local.
With a view to the future, Cardano will continue to be looking for support in the coming week. Until the buyers show strength, the price will not reverse its current course.
Diagram of Tradingview
polkadot (point)
While Ethereum is fighting to find his swing, Polkadot did not have this problem and posted a price increase of 10 % last week and thus exceeded the majority of the market.
This recent advance found resistance at $ 7.7, which has previously prevented the bulls from moving the price up. The most important support is $ 6.3, but if the buyers are eager, dot may not test this level again.
With a view of the future, Polkadot had a fantastic rally since its low at $ 4.4 and has now reached a local high. The momentum indicators such as the RSI and the MacD signal a declining divergence in the day, which could mean that this rally approaches its end.
Diagram of Tradingview
chainlink (link)
chainlink is our best performer this week after it has registered a price increase of 14.4 %. Link exceeded the majority of the market and also confirmed the outbreak by converting the resistance of $ 7.4.
These are great news for bulls, because Link can continue to recover and even reach $ 9.4, which is the next important resistance. By confirming the outbreak with a new test on Wednesday, the trust is great that the price can continue to rise.
With a view to the future, this cryptocurrency could move into the spotlight in the coming week because it continues to surpass the market.
Diagram of TradingView.