Ethereum, Cardano, Ripple, Polkadot & Solana
Ethereum, Cardano, Ripple, Polkadot & Solana
ether
This week Ethereum managed to recover over 8.5% and almost reach the all -time high of $ 4,380 and to miss it by $ 5 (BISTAMP). The momentum remains interest bullies and the price is in a steep upward trend, as the trend line shows, which currently acts as support at around $ 4,000. The ETH can push a break under this level to the next support at $ 3,500.
The resistance at $ 4,380 remains, at least until another attempt by the bulls is undertaken to break it. If you consider that Bitcoin has reached a new all -time high last week, the overall market is heated in anticipation of further price gains. Ethereum as the second largest cryptocurrency is expected to be in the spotlight in the coming week.
With a view to the future, Ethereum can determine an increase in its upward trend, especially if the price breaks through the all -time high. Despite all the pullbacks that are normal for a rally, ETH could easily set new highs in the coming weeks that would trigger a race until a top is found.
cardano
After several attempts,Cardano managed to break away from his descending channel. Now the price of ADA is in a tight range between $ 2 (support) and $ 2.2 (resistance). This price campaign is within a major restriction that was relocated between $ 2 and $ 2.4 at the end of September. Therefore, the trend is flat and the price can fluctuate between the key levels displayed on the chart until Ada loosens.
The indicators on ADA give signs of a certain optimism for the bulls. A new test of the 2.4 USD resistance seems likely in the coming week or as soon as the price of the resistance of USD is detached.
With a view to the future, ADA's all-time high is still a long way off at over $ 3. Before such levels can be reached again, cryptocurrency must overcome the key resistance at $ 2.4. If this is not the case, this could lead to a rejection to the most important level of support at $ 2.2 and $ 2
ripple
Ripple’s price movement last week disappointed with a flat trend. XRP bounced between $ 1 (support) and USD 1.16 (resistance) several times and formed a descending triangle. Nevertheless, the coming week promises exciting price movements due to the compression against the downward trend resistance line. It is expected that the price of the top of this formation can be released into blue, which means that a trend reversal can occur.
Until then, XRP will get stuck between the support and resistance levels. The indicators indicate a declining tendency due to the negative MacD crossing this week. However, without the price of falling below the level of $ 1, it is too early to assume that XRP will fall to a lower level.
With a view to the future, the all -time high for XRP is convenient at $ 3.3 and has never been tested again since its determination in January 2018. In April 2021 there was an attempt to approach him, but the price was sharply rejected as soon as it reached $ 2. Since then, XRP has been under 2 US dollars in the hope that a further attempt will follow in the future to achieve the all-time high.
dab
dot continued to make sustainable profits last week after the key resistance was broken at $ 39 with a considerable volume. The price movement is currently worried because the DOT is less than $ 5 from its all-time high of almost $ 50. Therefore, profit treatment at this level is likely and the bulls have to show a lot of strength to avoid rejection below the resistance line shown on the chart.
There is still room for a price movement in the coming week within the blue apex (see chart), but the DOT course has to decide on the next steps by the beginning of November. Can it set a new all -time high or can the bears reduce the dot to the level of support of $ 39 and $ 32? Patience is the key.
With a view to the future, most DOT owners think of the expectation of a new test of the all-time high. The indicators are Bullisch at the time of this article, so a new test in the current market context seems likely.
Solana
This week Sol had an outstanding performance after having broken with a price increase of over 35% over the large pennant in blue. This bullish movement was in our expected Last Analysis as the most likely scenario based on the indicators. After Solana had confirmed the outbreak, Solana quickly moved towards the important resistance line at $ 21, which is also the all -time high. At the time of this article, Sol is less than 5 % removed from the ATH.
In view of the bullish tendency in the indicators and the continuing rally since the breakthrough over the blue pennant, resistance will probably be increasingly under pressure in the coming days. If the bulls continue to maintain this, a breakthrough up to next week can become a reality.
With a view to the future, Sol has good support at $ 170 in the event of rejections at the level of resistance. However, a break in resistance appears more likely at this point. It is important to observe the price movement around the level of $ 21.
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