ETH, XRP, ADA, SOL, and HYPE

This week, we are examining Ethereum, Ripple, Cardano, Solana and Hype in more detail.

Ethereum (ETH)

This week, Ethereum continued to hover under key resistance at $ 1,825 and closed with a price increase of 3%. The sellers seem determined to maintain the ETH under this level after having rejected attempts several times.

While the momentum seems optimistic, the volume makes the lower ups. This lack of conviction of buyers allowed the bears to have the upper hand and prevent a break. However, the pressure accumulates under key resistance, which can be given to the test.

For the future, if ETH is able to follow Bitcoin, which has made higher heights lately, it will only be a matter of time before the current resistance folds and the bulls target $ 2,000 as the next major level on the graph.

Ripple (Xrp))

XRP closed the week in a neutral position, with less than 1% compared to seven days ago. This shows a certain hesitation of buyers, who can be distracted elsewhere.

To resume the momentum, this cryptocurrency must recover the level of $ 2.3 as a support and build a solid base around $ 2.6 afterwards. Do not make it create an opening so that the sellers bring XRP back to the support of $ 2.

For the future, the asset remains in an upward trend, but price action and volatility have decreased. Buyers must show their presence on the order book to avoid a new $ 2 support test.

Cardano (ADA)

The ADA is consolidated above the support of $ 0.64 and closed the week with a loss of 2%. This lack of impetus could encourage sellers to re-tester current support.

To return to the offensive, buyers must take this cryptocurrency greater than $ 0.8. This would establish a higher high level and give the price a good chance to reach the resistance of $ 0.9 or even $ 1.

For the future, Ada seems to take her time before considering her next major movement. Although this consolidation is healthy, buyers must intensify. Otherwise, the lack of momentum could be interpreted as a lowering.

Solana (soil)

Solana dropped 3% this week after failing to break the key resistance at $ 152 twice. The buyers did their best, but they were rejected each time, while the sellers returned to stop any lead.

If Sol is unable to transform $ 152 into a key support, the price will have no other alternative than fall to $ 130 in a decline. The decreasing volume and a possible downward cross on the daily MACD support this possibility.

For the future, Sol could experience a short -term corrective movement before higher levels. The sellers seem more active at the moment, which could see this cryptocurrency fall more in May before new heights.

Hype closed the week with a price increase of 7%, making it the best interpreter on our list. This occurs after the price has broken the resistance at $ 19 and rushed around $ 21.

The sellers have stopped the advance at the resistance of $ 21, and the media threshing has not been able to break this level so far. Nevertheless, as long as the price remains greater than $ 20, buyers have an advantage and they will probably try again soon.

For the future, this cryptocurrency remains in a strong upward trend that has dominated the graph since early April. If $ 21 also falls, the media threshing could go to $ 23 afterwards. If the $ 21 resistance continues to hold buyers, then a decline becomes more likely.