ETH, XRP, ADA, SHIB and DOGE

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

Ethereum (ETH)

Ethereum had a rough week and closed with a 10% loss. The price briefly fell below $2,400 and is currently trying to confirm this level as support. If it fails, sellers may have an opening to push down.

This previous weekly candle reversed the bias, canceling all gains since September. So far, ETH has not made a new low, but it is very close to one. Important dates are expected, which may be crucial for the rest of the month.

Looking ahead, if this cryptocurrency continues to show weakness, the price may drop to $2200. On the other hand, if buyers return, the price can return to 2,500 dollars.

Ripple (XRP)

XRP mirrored Ethereum's price action and closed the week with an 11% loss. In the process, it has erased all gains since September and is now below 54 cents, which serves as early support. This level is now resistance.

If buyers do not reverse this price action in the next few days, XRP could go much lower, with the next major support at 48 cents. At the time of this post, the speed is slow.

Looking ahead, XRP's decline may continue and may only be relieved by support at 48 cents. If it declined at 66 cents, sellers pushed this cryptocurrency in the same range since July.

Cardano (ADA)

ADA made a good attempt to break above 40 cents, but sellers had other plans in mind and managed to completely reverse this price action. That is why ADA closed the week with a loss of 12.5% ​​and returned to its original position from the beginning of September.

Yesterday, the price found good support around 33 cents, and a relief rally could follow by the end of the week. However, it's hard to be optimistic after a week like this.

Looking ahead, Cardano needs more time before it can break out of the 32 to 40 cent range that has held its price hostage since August.

Shiba Inu (SHIB)

The recent market turmoil pushed SHIB into a deep correction, which closed last week with a 12% loss. Nevertheless, the price did not make a low, which suggests that the correction may end soon and return to a higher level.

After a strong rally at the end of September, the price rejected the resistance at $0.000020 and fell to $0.000015, buyers showed renewed interest. In the next few days, we will know whether the current upheaval is a temporary reprieve or whether a new attempt to break the key resistance has begun.

Looking ahead, SHIB shows resilience despite volatility. As long as the price remains low, market participants have reasons to be optimistic.

Dogecoin (DOGE)

DOGE suffered and reflected SHIB's price action this past week with a 12% loss. After a strong rally at the end of September, the price made a complete reversal in the first few days of October. At the time of this post, the cryptocurrency is at 10 cents and seems to be holding up well.

Despite the recent decline, DOGE is expected to remain at high levels and may recover in the coming days as long as the support at 10 cents is not removed. This allows buyers to make another trip to the 14 cents resistance, which has so far been able to stop any major rally.

Looking ahead, meme coins like DOGE appear best positioned to recover quickly once market optimism returns. This depends on BTC and ETH not making new lows in the coming days.