ETH, XRP, ADA, SHIB and DOGE

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

Ethereum (ETH)

Ethereum reached 4,000 dollars this week, and the price was able to increase by 5%. However, vendors seem to be interested in pushing back and pushing this encryption.

If the $4,000 resistance is not broken soon, the price may fall to the key support at $3,345. Considering ETH hasn't corrected in over a month, the pullback shouldn't come as a surprise.

Looking ahead, ETH will remain on the upside even if the price falls to key support, and a healthy rebound may be needed before reaching a new high to test the all-time high at $4,868.

Ripple (XRP)

XRP rallied to 74 cents this past week and posted a respectable 9% price increase. Since then, the price has entered a pullback.

Bulls and bears are battling at the 68 cent level. The winner will decide if this level turns into resistance or support.

Looking ahead, if the buyers win this battle, XRP can go to 93 cents. If they fail, sellers can push the price back to the support at 53 cents.

Cardano (ADA)

Cardano had a good week and managed to increase by 7%. The current resistance and target for this rally is located at 85 cents.

Support remains at 61 cents, and it is unlikely to be tested if buyers continue this momentum. It is unbiased in this price action.

Looking ahead, ADA is slowly approaching $1, a key psychological level. Once there, sellers may return to take profits after this rally.

Shiba Inu (SHIB)

Shiba Inu was consolidating at key resistance at $0.000037 but still managed to post an 8% gain this week.

The price action seems to be hanging on the lower time frames, which could indicate a continuation. If so, the key opposition may soon come under pressure.

Looking ahead, SHIB is well placed to make big strides after this hiatus. If sellers return, this cryptocurrency has good support at $0.000025.

Dogecoin (DOGE)

DOGE had an impressive week with a 23% price increase, making it the best performer on our list. The momentum is similar to SHIB and may soon try to break the resistance at 21 cents.

The price has found good support around 16 cents, and buyers seem determined to take it to new highs this year.

Looking ahead, this meme coin may keep the market's attention, as it is at an all-time high of 74 cents, which is a far cry from its current price level.