Crypto price analysis Feb-10: ETH, XRP, Ada, Sol and LDO

Crypto price analysis Feb-10: ETH, XRP, Ada, Sol and LDO

This week we take a closer look at Ethereum, Ripplecardano, Solana and Lido.

Ethereum (ETH)

With the loss of the interest bully momentum, Ethereum has entered a correction phase and fell by 5.9 % last week. The price campaign is declining.

The sellers rejected ETH again with the resistance of $ 1,660, and after several failed attempts to break through this key level, the bulls could no longer control the price. For this reason, you may have to withdraw to the next support level at $ 1,400.

With a view to the future, ETH enters a correction that many consider long overdue in view of the interest bully price movement in January. Seller could be in charge in the next few weeks.

diagram of tradingview

ripple (XRP)

Ripple has also suffered in the past seven days and lost 6 % of its evaluation. Buyers have withdrawn in the 36 cent support, and the price will probably reach this level before trying to regain control. With significantly lower lows and highs of the price, the trend is currently declining.

The resistance is 40 cents, and until it is broken, a return to an upward trend is unlikely. The sales volume also rose when the price fell, and this is a declining signal.

With a view to the future, XRP has two important support levels in which buyers can take over again: at 36 or 33 cents. Both can give buyers enough trust to continue the upward trend. However, if the price continues, recovery becomes less likely.

Diagram by Tradingview

cardano (ada)

After a clear bear divergence, the course has fallen by 9 %in the past seven days. This reversal could last for a while if you consider that Cardano exploded from 24 cents to over 40 cents in January.

The most likely candidate to stop this correction is the support at 30 cents. The levels in between appear too weak to be relevant, the bears should continue their dominance.

With a view to the future, the tendency towards Ada Bärisch remains until the price finds good support that can stop the current downward trend.

Diagram of Tradingview

Solana (sol)

Solana's parabolic rally has ended. This is also confirmed by a price decline of 13.6 % last week. The bulls did not manage to bring the resistance of $ 27, and since then the price has tended down.

The current support is $ 20 and buyers are struggling to defend this level. Pressure builds up at this price, and sellers could soon fall below it.

With a view to the future, the tendency towards Solana is declining, and the best candidate to stop this correction is the support at $ 15.

Diagram of Tradingview

lido (ldo)

lido is the unexpected performer of the past week and books a price increase of 12.5 %. This surprising rally is due to news in connection with the Ethereum upgrade (called Shanghai) and an unfavorable regulation of centralized stock exchanges in the United States, which were banned from offering staking services. This includes the ETH.

These changes are optimistic for Lido, and his price quickly rose to $ 3 before returning to the key support at $ 2.5. The current trend is bullish and buyers could try to break over $ 3 in the future.

with a view to the future, since the ETH allows withdrawals after the Shanghai upgrade, the company is expected to increase in Lido.

Diagram of Tradingview

The article Crypto Price Analysis Feb-10: ETH, XRP, Ada, Sol and LDO first appeared on Cryptopotato.

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