#CryptoPriceAnalysis for November 9: $ETH , $XRP , $ADA , SOL, and DOGE Trends
Ethereum (ETH)
- Ethereum wrapped up a strong week with a 21% rise, bringing its price to $3,046, a level not seen in months. This surge has reignited excitement in the ETH ecosystem, following a challenging period since March. The key support level has shifted to $2,880, previously a resistance level. With this cleared, Ethereum is eyeing further gains, with the next resistance target at $3,350.
- Looking ahead, ETH’s resurgence could fuel a sustained rally, potentially challenging its March high of $4,000 & even its all-time peak of $4,800 from 2021.
Ripple (XRP)
- XRP is currently priced at $0.5521, ending the week up by 7%. It has maintained support above 54 cents, with buyer interest gradually building. Growing buy volume suggests XRP could soon challenge the 60-cent resistance.
- XRP tends to follow momentum trends & if interest continues to rise, it may aim to catch up with major altcoins like Ethereum & Solana.
Cardano (ADA)
- Cardano had a strong week, with ADA climbing 22% to $0.4398. The rally has helped ADA establish support above 40 cents, and as buyer interest returns, it could challenge the 50-cent resistance level. If the market remains favorable, ADA may continue its upward trajectory.
- With buyers dominating for the first time since March, Cardano’s downtrend seems to be over & a sustained rally could see ADA revisit early 2024 price levels.
- Solana had an impressive week, closing with a 20% increase, bringing SOL to $201. This rally pushed Solana above $200 for the first time since March, maintaining support at $180. The next resistance level is $206, which could challenge buyers in the coming week.
- SOL must break above $206 to maintain its bullish momentum. If it falters at this level, sellers may regain control.
#Dogecoin (DOGE)
- Dogecoin surged 26% to $0.2082, nearing key resistance at 21 cents. If it breaks through, the next target is 31 cents, with 50 cents & its all-time high of 74 cents as potential long-term goals.
