Eth, XRP, Ada, Sol and Hype

This week we study Ethereum, Ripple, Cardano, Solana and Hype in more detail.

ETHEREUM (ETH)

Ethereum was another flat week in terms of prices, as it ended a simple loss of 1 %. The price has been moving sideways since early May, holding the main support at $ 2,400.

This long monotheism may indicate some frequency of the market participants, but it can also be an introduction to the main movement later. The re -test of the last main support may be a sign of weakness, and another decrease may lead to this level to collapse.

ETH had a great performance in April, but its momentum suddenly stopped in May and June. The size declines, and this can give sellers an opportunity to pay the price about $ 2000 if it decreases $ 2,400.

XRP

XRP closed the week with modest profit 2 %. This comes after the price has not touched the support level of $ 2. Ideally, buyers return here to return this cryptocurrency to $ 2.3, which is currently working as a resistance.

Like Ethereum, the size has decreased since the beginning of the year. This explains the low volatility and a lack of strength to maintain a gathering. XRP can see a review of $ 3, as in January.

Looking at the future, momentum indicators are steadfast and not given a clear direction, given that the price was between $ 2 and $ 2.6 for more than three months. Until the XRP is separated from this range, do not expect any major changes.

Cardano (Ada)

Ada was a disappointing year so far. Since January, its price has decreased by more than 40 % of its highest levels about $ 1. While the original found good support at $ 0.64, buyers failed to move it beyond this level at the time of this post. This is why the price is like last week.

Ideally, ADA will retain more than $ 0.64 and split up about $ 0.90, which is the most important resistance to the graph. However, if the total market remains unlimited or turns to landing, ADA is unlikely to maintain the upward trend.

Looking at the future, Cardano seems to have found a local bottom at $ 0.64, but this still seems fragile. The bulls really need to break more than $ 0.90 to restore confidence in a constant gathering.

Solana (Sol)

Solana suffered a great defeat this week when its price decreased below support at $ 152. At the time of this post, buyers are trying to restore this level, but it is too early to call it. Sol also closed the week with a loss of 2 %.

The next few days are very important to this cryptocurrency because the bulls are in a defense, and any weakness can see the sellers heading to 130 dollars after that. If so, the current declining trend will be strengthened.

Solana may decrease to $ 130 or even $ 100 if the price does not manage soon. The possibilities against it, given that MACD for 3 days made a declining cross on Friday. This is a big landmark.

Noise

Hype closed the week with an increase of 7 %, making it the best performance in our list. This comes after the noise is included in many major exchanges like Binance, Bybit and OKX.

While this news was optimistic in the short term, the basic procedure appears to appear the opposite. Based on the weekly candles, we can see that noise seems to have reached about $ 40 and has made its highest levels since then. This may be the beginning of a longer unification or withdrawal of about $ 30.

Looking at the future, the noise remains a very competitive currency that has reached the best 10 altcoins according to the market value if stablecoins is excluded. This is an impressive achievement, but it also indicates that si growth from here will be more difficult, taking into account the maximum market of $ 11 billion.