ETH, XRP, ADA, SHIB and DOGE

This week, we will examine Ethereum, Ripple, Cardano, Shiba Inu and Dogecoin in more detail.

Ethereum (ETH)

Ethereum closed another good week with a 4% price increase. Buyers continue their interest and manage to push the price above $2,600. The current target is $2,800, which serves as a key resistance.

Momentum slowly turned into strength in September, and the price escaped the downtrend that began in March. This brought optimism to the market, and ETH benefited from it.

Looking ahead, the price is well placed to test the current resistance in the near term. If for any reason sellers return, ETH has good support at $2,400.

Ripple (XRP)

XRP continues to be flat, and its price has barely moved compared to last week. This is a bit unusual, especially compared to the general market, where Bitcoin and most altcoins, especially meme coins, are trending higher.

The price stuck below 60 cents, and buyers failed to break through in September. If the bulls can do that, momentum could return to this cryptocurrency.

Looking ahead, XRP's volume has been declining and has struggled to perform well recently. Until momentum and volatility return, it is unlikely to see the price make any major moves.

Cardano (ADA)

ADA had a good week after closing up 12%. The advance comes after buyers managed to break above 36 cents, which has kept the price under control for most of this month.

At the time of this post, bulls are trying to confirm the 40 cents level as key support. If they are successful this weekend, Cardano has a good shot at moving up to its next key target of 48 cents.

Looking ahead, momentum favors a continuation of this price action, which could see the ADA rise quickly. That brings it to about 50 cents more, the price it lost in May.

Shiba Inu (SHIB)

Meme coins are back in the spotlight, and the Shiba Inu is no different. The price has exploded this week, increasing by an impressive 34%. This has put SHIB back on the map, and buyers are rushing to get exposure.

After the price found good support at $0.000014, buyers gained confidence, and volume increased to levels not seen since the bottom in August. This quickly pushed the price below the $0.000020 key resistance.

Looking ahead, SHIB has a good chance of trying this level next. Once there, sellers can go back and reverse the price. The RSI on the daily time frame is overbought by 81 points. Better to be careful.

Dogecoin (DOGE)

DOGE had a good week after closing with a 16 percent gain. Considering that its market capitalization is nearly double that of SHIB, DOGE will need many more buyers and more volume to achieve the same performance.

The price action has been aggressive, and the current target is 13.5 cents. As buyers are currently dominant, DOGE has a good chance to hit this key level before any major pullback.

Looking ahead, meme coins seem to be doing well again, and this may continue as long as the overall market remains optimistic. If so, DOGE could reach 20 cents in the medium term and revisit that level starting in March 2024.