#Ethereum✅ , #Ripple , Cardano, #shiba-inu , and #Dogecoin #Market Update
According to CryptoPotato, Ethereum (ETH) has recovered with a 10% price increase after a 20% correction, although the weekly chart still shows an 11% loss. The price tested the support at $3,300 and has since moved above $3,500, with the current resistance at $4,000. If $ETH can break above $4,000, the all-time high at $4,867 could be the next target.
Ripple (XRP) closed the week with a 12% loss and has recovered somewhat since. The price found support at 58 cents, and the current resistance is at 68 cents. XRP has been in a flat trend since late last year and has not managed to make a breakthrough towards new highs this year.
Cardano (ADA) suffered a 20% price crash this week, with sellers taking it to the key support level of 61 cents. As long as the price stays above 61 cents, ADA can return on an uptrend. This cryptocurrency needs to move above 80 cents and turn that level into support before new highs become possible.
Shiba Inu ($SHIB ) also crashed by 20% this week and found support at $0.000025. The resistance is at $0.000037. A second attempt at a breakout appears unlikely right now, but once the correction ends, SHIB could make new highs.
Dogecoin ($DOGE ) crashed by 18% this week and found support at 13 cents. As long as buyers hold at that key level, DOGE could later return on an uptrend to make new highs. Resistance is at 18 cents, which is the current target for a recovery. Once the 18 cents resistance turns into support, this memecoin can make new highs and continue the macro uptrend