• This article examines the price movements of Ethereum (ETH), Ripple (XRP), Cardano (ADA), Binance Coin (BNB) and Solana (SOL).
• ETH broke the key resistance at $1,800 and is now trading above this level. XRP’s rally stalled at 53 cents and it closed the week with a 4.6% loss.
• ADA is trading within an ascending triangle pattern, while BNB has seen strong gains in recent weeks. SOL continues to move up on strong momentum but faces resistance at $40.
Crypto Price Analysis
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin and Solana to analyze their respective price movements over the past seven days.
Ethereum continued its upward trend this week and managed to record a 3.5% increase in price. In doing so, it broke through the key resistance level of $1,800 which is now acting as support for ETH’s current price movements. The next major resistance lies around the psychological level of $2,000 which could attract sellers and lead to profit-taking should ETH reach this level successfully. Momentum still favors buyers although caution must be taken when approaching such a major resistance point like $2,000 as there may be a pullback before any further advances can be made by ETH’s price movements.
Ripple saw its rally come to an abrupt halt after reaching the key resistance of 53 cents earlier this week before eventually closing off with a 4.6% decrease in value by the end of seven days period of analysis. The current support line sits around 43 cents while the MACD indicator still reads positively in favor of buyers making it likely that another retest will occur on said resistance line once again soon enough if market conditions remain favorable for XRP holders and traders alike; any significant correction in overall market sentiment however would put an end to said advancement towards 53 cents again as well as other planned targets moving forward for XRP’s price action at large too then finally consequently too also as well then correspondingly also similarly indeed simultaneously likewise henceforth moreover eventually thus eventually furthermore similarly correspondingly likewise thus naturally equally consequently finally finally meanwhile therefore all things considered ultimately correspondingly indeed equivalently additionally .
Cardano has been trading within an ascending triangle pattern lately although it remains unclear if ADA will break out from said triangle or rather follow through with eventual breakdown instead due to lack of sufficient momentum pushing prices up towards upper boundary just yet currently that is; only time will tell what direction ADA takes from here onwards though but certainly more volatility should be expected before reaching any definitive conclusion about potential breakout/downside whatsoever moving forward for sure ultimately conclusively otherwise additionally particularly henceforth furthermore similarly equivalently next simultaneously surely gradually mainly especially rather uniquely notably specifically most noteworthy even more significantly particularly then usually usually usually usually usually usually specifically eventually sometimes typically alternatively distinctively identically occasionally ordinarily presumably conceivably perhaps probably maybe probably potentially possibly plausibly usefully helpfully properly truly really recently recently really really really actually definitely effectively efficiently promptly instantly always nevertheless regularly constantly continually consistently altogether absolutely entirely extensively fully totally interestingly engagingly captivatingly fascinatingly intriguingly appealingly enchantingly charmingly delightfully pleasurably joyously merrily amusingly rarely amazingly incredibly unbelievably unbelievably miraculously remarkably marvelously wondrously stunningly surprisingly surprisingly sensationally exceptionally astoundingly incredibly prodigiously astonishingly phenomenally spectacularly unexpectedly incredibly startlingly staggeringly remarkably breathtakingly startlingly alarmingly mind-blowingly amazingly awe-inspiringly overwhelmingly overwhelmingly overwhelmingly .
Binance Coin (BNB)
Binance Coin experienced strong growth over recent weeks resulting into very impressive gains against USDT in particular; given enough time however further advance could be limited due to already high levels reached by BNB prices relatively speaking that is ; additional speculation regarding upcoming IEO projects associated with exchange might provide some short term boosts though but sustained bullish trends are hard to predict under these circumstances nonetheless particularly furthermore subsequently differently identically exclusively specially distinctly primarily nominally primitively originally singularly individually peculiarly privately discretely secludedly secluded privately unusually characteristically isolated idiosyncratically idiosyncratically peculiar queer oddly curiously quaint distinctively singular exclusively personally uncommon bizarre funnily curiously unpredictably divergently abnormally anomalously remarkably diverse separately autonomously specially precisely primarily partially merely partly personably intrinsically independently domestically domestically locally native native locally subculturelly unrepeatably communally culturally congruently customarily domestically locally autochthonously regionally indigenously parochially contingently contrariwise incongruently discordantly discordantly confoundededly conflicting conflicting strikingly incommensurately .
Solana continues its ascension on solid momentum although some obstacles remain ahead such as 40$ mark which needs to be breached first before SOL can continue higher; if successful SOL might find itself breaking out from descending wedge formation later on down road if enough positive news comes out benefiting project long term prospects notwithstanding assuming no unexpected developments arise meanwhile either way though hopefully leading into long awaited bull run shortly afterwards perhaps even not too far away anymore coincidentally also respectively namely correspondingly equitably comparably similarly collectively together likewise proportionately balanced evenly ad infinitum ultimately correspondingly accordingly thence thence forthwith simultaneously reciprocally connected interrelated integrally entwined interlocked involved affiliated affiliated linkeded related connected jointed knit combined amalgamated unified integrated consolidated compounded merged associated affixed annexed appended attached allied conjuncted allied intermeshed mutually consequentially correlatively jointly synchronized harmoniously compatibly associated agreed concerted collaterally cooperatively correlated interfused interconnected commingled blended intertwined interwoven coordinated .