This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot.
Ethereum (ETH)
This week, the market sentiment completely shifted, with bulls taking full control of the price action. ETH rallied by 21%, making it the best performer on our list. This spectacular rally allowed it to break above the key resistance at $1,660, which has now turned into support.
With the uptrend in full swing, this cryptocurrency can reach $2,000, which is a key psychological level. The momentum indicators are bullish, and there is no sign of exhaustion yet.
Looking ahead, it seems likely that ETH could move higher and test the key resistance levels found at $1,800 and $2,000. Sellers already paid an expensive price trying to short the market, and for this reason, they

As soon as the bears reached the key support, they completely lost control of the price action.
Key Support levels: $0.30
Key Resistance levels: $0.35, $0.38
ADA finally found good support at 30 cents from where the bulls managed to turn the momentum in their favor. The price quickly rallied to hit the resistance at 35 cents. This show of strength has turned the chart bullish, which could see ADA move higher later this week.
Chart by TradingViewTrading Volume: The explosive buying volume reversed the downtrend abruptly. This is bullish.
RSI: The daily RSI touched the mid-level at 50 points. Buyers need to keep the pressure up to protect their most recent gains.
MACD: The daily MACD completed a bullish cross yesterday. This is a significant change in the momentum and may

This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polygon.

Ethereum (ETH)
The overall market has turned red, and ETH’s price has lost 15% in the past week. With support broken to the downside, Ethereum is struggling to find its footing and could go to $1,300, where the next key support is found.
The news that Ethereum could be considered a security is another blow that may intensify the current bearish momentum. As the pressure is building up, bears appear to become more confident.
Looking ahead, there is not much that can stop this selloff. Until the current sentiment shifts, the price action could lead to a re-test of the lows seen back in December 2022 (~$1,000).
Chart by TradingViewRipple (XRP)
Ripple had a small rally on the back of the

Solana lost its key support at $20 and is now accelerating down.
Solana Price Analysis
Key Support levels: $17, $15
Key Resistance levels: $20, $23
SOL failed to maintain its price within the descending triangle, and with the support at $20 turned into resistance, it’s currently in search of support. The key levels to watch are found at $17 and $15, with the latter having the highest confidence.
Chart by TradingViewTrading Volume: The sustained sell volume in the past week has pushed Solana into making lower lows.
RSI: The daily RSI is quickly approaching the oversold area at under 30 points. Hopefully, buyers will become interested again.
MACD: The daily MACD is in freefall, and there are no signs that this downtrend will end at this time.
Chart by TradingViewBias
The

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and OKB.
Ethereum (ETH)
Ethereum had a great rally this past week but failed to break above the key resistance at $1,660. Nevertheless, the price still managed to increase by 7.4%.
the current PA shows that buyers are becoming eager, and the key resistance is being tested again and again. The more this happens, the likelier it becomes for ETH to break above and move higher.
Looking ahead, ETH has good support at $1,550, and the bias turned bullish due to this latest rally. If buyers continue to put pressure, then there might be a quick breakout to higher levels, which would take this cryptocurrency closer to the key psychological level of $2,000.
Chart by TradingViewRipple (XRP)
While Ripple also

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Fantom.

Ethereum (ETH)
Ethereum, the second-largest cryptocurrency, continued to consolidate this week. The price only registered a 2.9% increase. This is because ETH is stuck in a channel between $1,670 and $1,550. 
All attempts to break these levels were rejected in the past two weeks. While some altcoins were booking double digits gains (see Fantom below), Ethereum appears to be on a pause. This could also be because money is rotating between different altcoins. 
Looking ahead, ETH will eventually break away from this range, and that will set the tone for where the price will go next. The current bias is neutral, and the indicators also give mixed signals.
Chart by TradingViewRipple (XRP)

Solana continues to perform despite a decline in the buying volume, booking a 6% increase in the past 24h.
Key Support levels: $20
Key Resistance levels: $27
The resistance at $27 is keeping bulls in check. They have been rejected at that level on Saturday. In the process, SOL has formed an ascending triangle, and a major breakout is expected over the coming days. Should bulls fail, then the price can quickly fall to the $20 support.
Chart by TradingViewTrading Volume: The considerable buying volume has allowed Solana to remain on the offensive, but the momentum is fading.
RSI: The daily RSI is just under 80 points and is making lower highs. This is bearish.
MACD: The daily MACD is still bullish but may do a bearish cross at any moment based on the histogram, which is also

Solana’s price doubled since the end of December, and bulls continue to be in control of the price action.
Key Support levels: $20
Key Resistance levels: $27
SOL has managed to fully recover most of the drop that started in November 2022. At this rate, buyers seem eager to return its price back to pre-FTX collapse levels soon.
To maintain this positive momentum, the cryptocurrency will have to break the key resistance at $27. Sellers continue to be absent, but if they return, then the key support is found at $20.
Chart by TradingViewTrading Volume: The buying volume is making higher highs. This is bullish. As long as it continues, there is no looking back for buyers.
RSI: The daily RSI almost reached 90 points. While this shows buy pressure is high, it also serves as a

This week, we take a closer look at Ethereum, Ripple, Cardano, Litecoin, and Solana
Ethereum (ETH)
This Wednesday, the bulls took over the price action and pushed ETH all the way to the key resistance at $1,260. Since then, the price seemed unable to break above. Nevertheless, Ethereum still managed to book a 3.8% increase in the past seven days.
The fact that in the past two days, the price has been rather timid in pulling back from this most recent rally suggests that sellers are exhausted or lack interest at this moment. This could turn into a key opportunity for the bulls.
Looking ahead, ETH is giving good signals that buyers are in control with higher lows and higher highs in the price action. Should they maintain the momentum, the next critical level to watch for is

In a somewhat surprising move, Solana’s price exploded this past week, putting bears on the defensive.
Key Support levels: $9.5
Key Resistance levels: $15
After falling to the single-digit territory (almost $8), Solana seemed destined to continue on the bearish footing. However, this was interrupted on Monday when the price suddenly spiked higher after finding good support at $9.5. This led SOL to close the past seven days with a 34% price increase. The resistance is at $15, and SOL’s price reached $14 during this most recent rally.
Chart by TradingViewTrading Volume: The volume exploded on Monday and remained high until Wednesday. Today the volume opened in red, and the price is falling, which could mean a pullback is likely.
RSI: The daily RSI moved above 50 points

After making a lower low in December, Cardano surprised the market in the new year by opening in green.
Key Support levels: $0.24, $0.20
Key Resistance levels: $0.30, $0.34
Optimism is building up as Cardano seems to have found good support at $0.24. Since the start of 2023, ADA is in green and does not appear to be looking back. If this momentum continues then, this cryptocurrency could even target $0.30, which is the next key resistance.
Chart by TradingViewTrading Volume: The volume is rather flat, but despite this, ADA closed in the green for the past three days. Buyers may be returning.
RSI: The daily RSI made a bullish divergence as the price fell to a yearly low in December 2022. This is promising, particularly in light of the current price action.
MACD: The daily

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Solana
Ethereum (ETH)
Another week has passed with little excitement for Ethereum investors as volatility was low – likely due to the Christmas holidays. However, ETH’s price did fall by 2% in the past seven days. This is a negligible move in the price, which still remains in a flat trend.
This cryptocurrency remains stuck between the key support at $1,160 and the resistance at $1,240. This channel is intact for the second half of December, and it is unlikely to be broken with the New Year celebrations around the corner.
Looking ahead, the volatility is more likely to return in January 2023. So long as the support levels above $1,000 hold, Ethereum has a chance to break away and attempt to make a

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot

Ethereum (ETH)
ETH fell by 3.1% in the past seven days after it lost the support at $1,240, which has now turned into a resistance. The bulls stepped up at $1,150, and since then, ETH has been trending upwards.
In the next few days, this cryptocurrency seems likely to attempt to reclaim the $1,240 level as support. However, to achieve this, buyers need to keep it up. So far in December, the bulls have been rather shy in taking over the price action.
Looking ahead, ETH did manage to stop the price from making lower lows in contrast to many other altcoins that fell to new yearly lows (see ADA and DOT below). This is a sign of strength for ETH. As long as the price does not fall under

Since the collapse of FTX, Solana has been moving sideways, consolidating above $12. But now the price action is giving hints that this may change soon, and interestingly, the positivity came a day after SBF was arrested.
Solana Price Analysis
Key Support levels: $12.5
Key Resistance levels: $15.5
Solana found good support at $12, and the price never went under this key level since November. Buyers now appear eager to take SOL higher and challenge the resistance at $15. While the current momentum remains flat, this can easily change.
Chart by TradingViewTechnical Indicators
Trading Volume: The buying volume picked up yesterday and has closed in green which could lead to continuation.
RSI: The daily RSI is moving higher with higher lows and higher highs. This is promising

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin.

Ethereum (ETH)
In the past week, Ethereum consolidated its price above the key support at $1,240 by moving sideways, which did not allow it to diverge much compared to seven days ago. However, this price action made a higher low which could be interpreted as bullish.
If buyers return to ETH, the next key resistance is found at $1,365, where it is likely to face a more significant pushback. While there are signs to be optimistic, the indicators show a lack of conviction which is also reflected in the current price.
Looking ahead, Ethereum could try to break the key resistance in the coming weekend. To do that, buyers will need to return in force since, right now, the volume has

Cardano has made a higher low in the past few days compared to last week, which could encourage bulls to take over the price action in the near term.
Key Support levels: $0.30, $0.28
Key Resistance levels: $0.34, $0.38
Even though the sellers tried to push ADA’s price lower, they failed to break below the previous low. For this reason, buyers could get back on the offensive and attempt to take the price to the key resistance at $0.34. The current support levels remain at $0.28 and $0.30.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume remains low and shows bears have become exhausted. This could be the opening the bulls were waiting for.
RSI: The daily RSI is making higher lows, similar to the price. This is bullish.
MACD: The daily MACD did a bullish

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin.

Ethereum (ETH)
Ethereum has failed to break the key resistance at $1,230 and has entered into a correction that appears to continue the bearish price action. ETH also lost 0.8% of its valuation in the past seven days, and sellers have managed to maintain their grip on the price.
Unfortunately for the bulls, they may have to defend ETH again at the $1,000 key support. Any weakness there may spell a disaster for this cryptocurrency, as falling to a three-digit valuation will remove all hope for a rapid recovery from the current downtrend.
Looking ahead, Ethereum has a difficult task since the buyers are on the defensive and sellers control the price action. The key support at $1,000

Cardano failed to rally higher after losing momentum, and now the bears appear in control. Will the key support hold?
Key Support levels: $0.38, $0.33
Key Resistance levels: $0.42, $0.50
Buyers lost control of the price action after they failed to break the key resistance at $0.42. Since then, ADA has tumbled and found good support at $0.38. It is critical for the cryptocurrency to hold above this support, as a breakdown may put the bears back in charge.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume has been declining since ADA was rejected at the key resistance. However, it could return if buyers stay firm and don’t allow the price to fall under $0.38.
RSI: The daily RSI has managed to hold close to the mid-point at 50. This gives hope that buyers

Cardano had an excellent week after a significant rally. However, the momentum appears to be stalling now.
Key Support levels: $0.38, $0.33
Key Resistance levels: $0.42, $0.50
As soon as ADA moved above $0.40, the bulls were unable to take the price much higher as they were stopped by the key resistance at $0.42. The support is at $0.38, and buyers managed to use this level as a pivot for their most recent rally. Should they fail to break the resistance, then ADA could fall back to the key support.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume has been declining ever since ADA broke above $0.40. This is not encouraging for bulls.
RSI: The daily RSI remains above 50 points but is struggling to move higher.
MACD: The daily MACD is bullish. However, the

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polygon.

Ethereum (ETH)
Ethereum had a very strong rally in the past seven days, increasing by 19.4%. This makes it the best performer on our list this week. Such volatility has not been seen since September and signals a possible reversal in the downtrend. If ETH manages to make a higher high in the coming weeks, then that would confirm the reversal.
The price is currently found just below the key resistance at $1,575, and ETH entered a shallow pullback just after touching this level. If buyers manage to maintain the bullish momentum, they could break above and bring ETH to the next key resistance at $1,725.
Looking ahead, the cryptocurrency has good support at $1,400, and this latest price

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana.

Ethereum (ETH)
Ethereum’s price has remained largely flat with little volatility. For this reason, it is almost identical to seven days ago. Momentum and volume continue to move sideways with no perceivable trend at this time. The key support remains at $1,250, and the resistance at $1,400.
The price is stuck in a channel, and it can comfortably move sideways until the end of the month before any significant resistance will be faced. Even if ETH’s price bounces between the key levels, as long as a breakout does not happen, the flat trend remains intact.
The current price action is quite atypical for a cryptocurrency, and market participants are struggling to adapt to such low

Cardano’s price continues its downtrend and seems about to fall below a critical support level that may take ADA below 40 cents.
Key Support levels: $0.42, $0.38   
Key Resistance levels: $0.47, $0.50 
Buyers have failed to stop the downtrend and ADA is facing a critical level. If sellers manage to break below $0.42 and sustain the pressure, then the cryptocurrency would be more likely to fall toward $0.38. The resistance is at $0.47. Due to the lack of buying momentum, ADA seems unlikely to make a recovery any time soon.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume has been flat and mostly closed in red. This means that bears control the price action.
RSI: The daily RSI is falling and is under 40 points. At this rate, if the selling continues, the

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polygon.

Ethereum (ETH)
With an increase of only 1.4% in the past seven days, Ethereum continues to maintain a flat price action, with market participants unable to swing the cryptocurrency beyond its current range. Since mid-September, ETH has only been moving sideways between the key support at $1,250 and the resistance at $1,400.
The last time it tested the key resistance was on September 27th, and its price is slowly approaching this level again. The indicators are turning slightly bullish, and the momentum will favor buyers if they can pick up the volume.
Looking ahead, ETH may attempt to break above $1,400 in the coming week if the market remains bullish. Turning this key level into

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin.

Ethereum (ETH)
Despite the bullish fundamentals of Ethereum’s merge, the price of the second largest cryptocurrency has continued its downtrend and registered a 10% loss in the past seven days. At the time of this post, ETH managed to find some support at $1,250, but this level remains fragile.
The resistance is not far away at $1,400, and bears will likely come in strong if the price manages to rally to that level. Unfortunately for the bulls, the buy volume is just not there to push the price higher. With the weekend around the corner, the volume will likely drop further, and it’s likely that we will have to wait for Monday for any significant volatility.
Looking ahead, ETH seems

ADA managed to stop the downtrend, and the bulls pushed the price higher on the day that the protocol will see its Vasil upgrade go live.
Key Support levels: $0.43, $0.38   
Key Resistance levels: $0.50, $0.56 
Buyers came in strong today and managed to turn the price action around above the key support at $0.43. If this bullish momentum continues, then ADA could increase towards $0.5, which is the current resistance. This would also be a sign that the downtrend is reversing.
Chart by TradingViewTechnical Indicators
Trading Volume: Volume picked up yesterday and closed in red, but today, this was quickly reversed, and buyers have the upper hand.
RSI: The daily RSI is approaching 50 points. If buyers manage to push it above, then the momentum may reverse in their favor.

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Dogecoin.

Ethereum (ETH)
This past week Ethereum broke below its uptrend, which was a major bearish signal, and lost 9.4% in the process. Moreover, today, the bears dominated the charts, and Ethereum lost almost 8.5% of its valuation in less than an hour when the market suddenly crashed.
At the time of this post, bulls have managed to stop the downtrend at the $1,700 support level, but bears remain in control of the price action and may take the cryptocurrency even lower, towards $1,500. The resistance is at $2,000.
Looking ahead, it appears that the uptrend from July and August has ended, and Ethereum is entering a significant correction. This could also continue for a while, especially

DOGE did not disappoint in August with a 40% rally since the start of the month. The buyers managed to bring the price just under a key resistance which may put some breaks on this rally.
Key Support levels: $0.076
Key Resistance levels: $0.09, $0.11
DOGE’s price exploded by 17% today and has hit the key resistance at $0.09. This is the upper limit of a large descending triangle that has been forming since the all-time high in May 2021. If the bulls manage to break above this triangle, then the next target will be found at $0.11. The support is at $0.076.
Chart by TradingViewTechnical Indicators
Trading Volume: Strong buy volume has taken DOGE much higher today. The big question is if buyers will be able to sustain this momentum.
RSI: The daily RSI is in the overbought

After two failed attempts to break above the $44 level, Solana is back at it again.
Key Support levels: $40, $35 
Key Resistance levels: $44, $59
The bulls are seemingly very eager to push the price higher. The cryptocurrency rallied above the $4 key resistance level today but is now falling back down. If the buyers fail to sustain the momentum, then this might result in the third failed attempt at breaking this important level. The key support, meanwhile, is found at $40.
Chart by TradingViewTechnical Indicators
Trading Volume: A relatively good buy volume has taken SOL higher, but it seems that buyers struggle to maintain their momentum at the time of this post.
RSI: The daily RSI remains above 50 points. As long as it stays above this level, then the cryptocurrency has

Cardano managed to rally by 7% together with the rest of the market once CPI figures showed inflation slowed in the US.
Key Support levels: $0.50, $0.45 
Key Resistance levels: $0.55, $0.66 
US inflation decreased in July to 8.5% compared to 9.1% in June. The market quickly rebounded as soon as these figures were published today. ADA’s price was also quick to react with a 7% rally on the daily chart. Now, the price is again approaching the key resistance at $0.55, and support still holds at $0.50.
Chart by TradingViewTechnical Indicators
Trading Volume: The buying volume today is strong, but the big question is if they can sustain it over the coming days.
RSI: The daily RSI managed to stay above 50 points, placing it on the bullish side. As long as this is maintained, ADA

ADA failed to sustain a rally and break the key resistance. Now, the price is dangerously close to a critical support.
Key Support levels: $0.50, $0.40 
Key Resistance levels: $0.60, $0.75
ADA attempted to rally yesterday, but the price was quickly pushed back to the key support at $0.50. Should this critical level fall, then the cryptocurrency could go all the way down to $0.40. The important resistance sits at $0.60, and Cardano only managed to test this level once when it was sharply rejected.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume is absent. There is simply no momentum behind the price action, and the best ADA could do is move sideways. This is a sign of weakness in the market.
RSI: The daily RSI made a higher low and higher high, but