Crypto price analysis from Oct-18: ETH, XRP, SOL, DOGE and SUI

This week, we'll examine Ethereum, Ripple, Solana, Dogecoin, and SUI in more detail.

Ethereum (ETH)

Ethereum closed a great week with a 9% price increase after buyers took control on Monday. Since then, the price has been slowing down a bit by moving sideways, but the bulls don't seem satisfied, and they may be preparing the next attack.

The current target for this rally is $2,870, which will likely see sellers trying to regain control of the price action. However, speed on higher timeframes such as the weekly gives buyers the advantage.

Looking ahead, the market is heating up again, which promises continued recovery. If bulls can break above the key resistance at $2,870, ETH has a clear path to $3,000 next.

Ripple (XRP)

XRP has lagged behind the rest of the market but still posted a respectable 3% price increase this week. Although buyers were able to hold the price above support at 54 cents, they could not push it higher, so the PA was flat.

However, if the overall market is positive, XRP may try to rally soon, waiting for the next key target at 60 cents. Once broken, bulls could target 68 cents, which is the most important resistance on this chart.

Looking ahead, the bias is now aggressive, but there is little buying volume. This could change at any time, and XRP could make a quick dash to higher levels. Keep a close eye on the 60 cent level as it will be critical to any successful breakout.

Solana also had a good week and closed with a 9 percent gain. While this performance was encouraging, it was not enough to push the price above the key resistance at $164. This level continues to pose problems for the bulls as they have failed to break out several times since August.

In any case, the price action is showing a clear higher low, which creates a significant bias. Eventually, buyers will have another go at the key defense, and if enough motivation is created, they can be successful.

Looking ahead, if Solana can move above $164, it could eventually regain $200, the level it lost in March. Good support is available for $134.

Dogecoin (DOGE)

After a 24% rally this week, DOGE doesn't look like it's over. This rise started after a clear crash above 10 cents. Now, the price is under the 13.5-cent resistance, which cannot last long if the buying pressure continues.

The momentum is very strong, and Dogecoin could be set to catch up with other meme coins that have been active in the past few weeks. Money can be cycled back into DOGE, which looks attractive at these price levels.

Looking ahead, a flash above 13.5 cents will allow this meme coin to become 20 cents free again. The price action shows a clear reversal and resumption of the bullish trend.

SUI

SUI broke a new record this week after hitting an all-time high of $2.36. However, sellers have since returned, pushing the price into a correction. However, this cryptocurrency still closed the week with a 10% increase.

The current retracement may find good support around $1.9, buyers may be waiting to re-enter and stop this correction. If so, higher levels may occur once confidence is restored in this rally.

Looking ahead, SUI is one of the few altcoins to make an all-time high this year, which puts it in a very exclusive club. This is a sign of strength for the market, allowing the SUI to enter price discovery and move much higher. Good psychological targets for this rally are available at $2.5 and $3.

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