Crypto Price Analysis June-29: ETH, XRP, ADA, DOGE and DOT

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

Ethereum (ETH)

Ethereum is down 3% this week, and buyers are seen struggling to defend against key support at $3,500. So far they have been able to prevent the crash. If sellers keep up the pressure, ETH could have a rough week ahead.

The last five weekly candles close slightly lower. This puts the second largest cryptocurrency in a clear downtrend. To reverse this, ETH needs to go above $3,700. That opens the way to the key resistance at $4,000.

Looking ahead, the price of Ethereum is at a pivot point. Buyers must defend the support at all costs, otherwise ETH could quickly fall to the next $3,000.

Ripple (XRP)

XRP seems to mirror ETH and is down 2.7% this week. The last five weekly candles have closed in the red, but the price action shows some decision from the bears due to reduced volume on the seller side.

So far, the price has managed to hold well above 46 cents and is moving sideways on the daily chart. If the bulls stop here, then you can plan to challenge the resistance at 54 cents.

Looking ahead, XRP may be consolidating below 50 cents before trying to break another high. We hope that the key resistance can be broken on the next attempt to bring this sensitivity back to the highs.

Cardano (ADA)

ADA had a very good week after the price increased by 4.8%, the key support at 37 cents is well held and allows buyers to return to the offensive.

There don't seem to be any sellers yet, but they could be back soon if the overall market remains weak. However, this may mean that the ADA amendment is over as long as you retain key support.

Looking ahead, the ADA should maintain this bullish momentum and plan to continue its opposition at 46 cents.

Dogecoin (DOGE)

Last week, DOGE had a tough time after the price broke through support at 13.5 cents. This week the price moved sideways and this correction is thanks to low volatility. Sellers also seem to have lost interest.

Current support is found at 10 cents and bears have not touched this level at the time of this post. A test may follow if buyers fail to push DOGE higher.

The chart is weak, but this is an opportunity for buyers to take a position and take price action.

Polkadot (DOT)

DOT eventually recovered after making good progress on key support at $5.3. Its price is up 10% this week, making it the best performer on our list.

The biggest challenge for the bulls is the key resistance at $6.7. This reversal must be broken if buyers want to gain full control over this cryptocurrency.

Looking ahead, Polkadot shows hope for a continued reversal. To prove it, take a look at the key objections to where DOT will go next.

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