Ethereum saw a positive week with a 12% price increase. This impressive recovery came after the entire market rallied, allowing ETH to establish $3,300 as a key support level. Moving forward, buyers have set their sights on the $4,000 target, which also serves as a crucial resistance point. The last time ETH tested this level was in May when sellers pushed back. Despite this, optimism is returning to the market as long as bulls maintain their current momentum, paving the way for higher price levels in the near future.
XRP outperformed most of the market with a 22% price surge this week. This impressive performance propelled the price to nearly 64 cents, a level not seen since April. Currently, buyers are looking to secure the 54 cents level as a key support after a pullback. Moving forward, if the support holds, XRP could aim to challenge the resistance at 68 cents next, putting the spotlight back on this digital asset.
Cardano also had a solid week, with a 7% increase in price. However, the key resistance at 46 cents prevented further gains for ADA at this time. Failure to break above this level could lead to a more extended pullback. On the bright side, buyers are actively defending the price at 40 cents, serving as a crucial support level. Looking ahead, Cardano needs to overcome the 46 cents barrier to sustain the bullish momentum.
Shiba Inu faced a challenging week but still managed to close with a 9% price increase. The news of the WazirX Indian exchange being hacked caused a deeper pullback for SHIB, especially since 5.4 Trillion SHIB tokens were stolen. Currently, the price is struggling at the $0.000018 level, with buyers attempting to regain control for a potential uptrend. Despite the difficulties, the local trend remains bullish as long as SHIB avoids making a lower low.
TON’s price action remained relatively flat compared to the significant gains seen in the broader market. This can be attributed to the fact that the cryptocurrency already experienced a rally when most others were in a correction phase. The current all-time high and resistance are at $8.3, with support at $6.8. Although TON has held above key support levels, buyers seem hesitant to push the price higher. This consolidation phase may persist before buyers decide to make a concerted effort to break the current resistance level.
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