The crypto market started the day again with a decline. This week we examine Ethereum, Ripple, Cardano, Binance Coin and Solana in detail. The recent fluctuations in the crypto market give significant signals on how these assets can move in the future.
Ethereum (ETH) Price Analysis
Ethereum experienced a harsh decline at the beginning of the week with the decrease in the general crypto currencies and fell to $ 2,100. However, it reached $ 2,700 by recovering. Nevertheless, the price closed the week with a loss of 16 percent, overcoming the $ 3,000 resistance.
This decrease showed its effect on the technical indicators of Ethereum. The weekly Macd had a downward intersection and a significant increase in sales volume was observed. It can be said that the market is in search of a balance at these levels.
Ripple (XRP) Price Analysis
The XRP fell to $ 1.8 during the fall at the beginning of the week. With the control of the sellers, the price lost 24 percent on a weekly basis. For investors who purchase over $ 3, this means a major loss.
For now, XRP is trading at $ 2.3. However, the levels of $ 2 and $ 1.6 stand out as critical support points. If the market decline continues, it seems likely to re -test these levels.
CARDANO (ADA) Price Analysis
Cardano fell to $ 0.5 on Monday, but with a short recovery, he moved up from this level. However, it closed the week with a loss of 21 percent, and the general market trend is still downward.
The most important support level is currently seen as $ 0.64. If this level is broken, the island price may be likely to withdraw to the level of $ 0.5. Investors need to be careful at these levels due to general market movements.
Binance Coin (BNB) Price Analysis
BNB fell to $ 500 at the beginning of the week. This level was last seen in September 2024. Buyers tried to move the price over $ 600, but they did not succeed in this and BNB closed the week with 15 percent loss.
Currently, the most powerful support levels are around 550 and $ 500. If buyers cannot defend these levels, BNB seems to be able to test lower levels. However, if the market is generally recovered, it may also be possible for the price to move towards $ 600.
Solana (left) price analysis
Solana fell below $ 200 with a major sales pressure at the beginning of the week. Buyers tried to raise the price above this level, but this effort failed and closed the left week with a loss of 19 percent.
Currently, the most critical support level is seen as $ 164. If the sellers continue to dominate the market, solana seems to be likely to test this level. The price may need to find a balance in the range of $ 164 to 134 to reversing the current decrease trend.
