• This article examines the performance of Ethereum (ETH), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE) and Solana (SOL).
• ETH has found strong support at $1,800 and is looking to test resistance at $2,000. XRP is trading near 44 cents and buyers need to show more strength to book a profit. ADA is trading around $1.45 and is looking for an entry point to break out of its current range.
• DOGE has been outperforming the market with gains of over 20% in the past week while SOL remains bullish so long as the key support at $18 holds.
Crypto Price Analysis Apr-28: ETH, XRP, ADA, DOGE, SOL
This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin and Solana.
Ethereum (ETH)
Ethereum has managed to maintain its uptrend by making a higher high and a higher low. It is determined to not give up and has found good support at $1,800 despite losing 1.8% of its valuation this past week. The current target and key resistance are at $2,000 which is a psychological level where the price was rejected in the past.
Unless the key support at $1,800 is lost, ETH has a good chance to test the key resistance at $2,000.
Ripple (XRP)
Similar to ETH, XRP has successfully tested the support at 44 cents and closed in green every daily candle since then. At present time it’s trading near that same level as last week so buyers need to show more strength for them to book a profit.
The key resistance lies at 53 cents which was twice rejected in March ad April but if buyers manage to push it back there then a breakout could take place.
XRP remain bullish so long as they stay above 44 cents.
Cardano (ADA)
Cardano is currently trading around 1.45 and waiting for an entry point which will allow it break out of its current range. There’s little room between now and its lower limit of 1 dollar unless buyers show sufficient strength it will continue moving sideways between these two points.Dogecoin outperformed other cryptocurrencies this past week with gains over 20%. However even though DOGE began 2021 with great potential it still needs more time before reaching new all-time highs since last May’s peak was around 70 cents..
Solana remains bullish as long as it stays above 18 dollars which makes up an important support area . Most likely SOL will remain range bound until further news causes volatility or another trend emerges from this range .