This week, Ethereum experienced a strong rally with a 21% price increase, bringing it above $3,000. This has generated optimism and excitement in the Ethereum ecosystem. The next key resistance for Ethereum is at $3,350, and if the renewed interest continues, it could potentially challenge the March high of $4,000 and even the all-time high of $4,800.
XRP also saw a 7% increase in price, with the potential for a sustained rally to challenge the resistance at 60 cents. Similarly, Cardano rallied by 22% and broke above 40 cents, signaling a potential challenge to the resistance at 50 cents.
Solana experienced a 20% price increase, moving above $200 for the first time since March. The current support is at $180, and moving above the resistance at $206 will be important for maintaining bullish momentum.
Dogecoin was the best performer this week with a 26% rally and is approaching the key resistance at 21 cents. If it surpasses this level, the next key resistance is at 31 cents, with the possibility of reaching the all-time high of 74 cents.
Overall, there is renewed interest and positive momentum in Ethereum, XRP, Cardano, Solana, and Dogecoin, indicating a potentially bullish outlook for these cryptocurrencies in the coming weeks.
- Content Editor ( cryptopotato.com )
- 2024-11-09
Crypto Price Analysis November-09: ETH, XRP, ADA, SOL, and DOGE