ETH, XRP, ADA, SHIB and DOGE

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

Ethereum (ETH)

After a 20% correction, ETH recovered dramatically with a 10% price increase in the last 24 hours. However, the weekly chart still shows an 11 percent loss.

The price successfully tested the support at $3,300 and has since moved above $3,500. The current resistance is at $4,000, and when ETH was last there, the sellers returned.

Looking ahead, ETH has reversed its downtrend, and optimism has returned to the market after a rough start to the week. If this cryptocurrency manages to break above $4,000, the all-time high of $4,867 could be the next target.

Ripple (XRP)

XRP closed the week with a 12% loss and has recovered slightly since yesterday. The price found good support at 58 cents, and the current resistance is at 68 cents.

Bulls failed to break above that resistance in early March, but if market sentiment continues to improve, a second attempt could follow.

Looking ahead, XRP has been in a flat trend since late last year, and has failed to break new ground this year. Perhaps after the Bitcoin halving in April, XRP will be able to make new highs.

Cardano (ADA)

Cardano has suffered this week after its price crashed by 20%. Sellers have taken ADA to a key support level of 61 cents, and this level appears to be holding at the time of this post.

This deep correction may have been very disappointing for Cardano owners, but it was widespread in the market, and now a recovery is likely. As long as the rate can stay above 61 cents, the ADA can bounce back higher.

Looking ahead, this cryptocurrency should move above 80 cents and turn that level into support before making new highs.

Shiba Inu (SHIB)

The Shiba Inu fell by 20% this week and found good support at $0.000025. This level seems to be holding well and may allow him to recoup some recent losses.

The resistance is at $0.000037. When the price hits that level, sellers come in force and stop the rally. A second breakaway attempt now seems unlikely.

Looking ahead, this correction was expected after a major rally in late February/early March. Once it ends, SHIB may make new highs.

Dogecoin (DOGE)

DOGE is down 18% this week and has found good support at 13 cents. Buyers came in strong there, which allowed the price to recover some of the recent losses.

As long as buyers hold on to that key level, the DOGE may bounce back sharply to make new highs later. Resistance is at 18 cents, which is now a recovery target.

Looking ahead, Dogecoin broke its long consolidation in early March, giving the green light for buyers to return. Once the resistance at 18 cents turns into support, this memecoin can make new highs and continue its macro growth.