This Friday, we delve into the performance of Ethereum, Ripple, Cardano, Binance Coin, and HYPE.

Ethereum (ETH)

Ethereum has bounced back above the $3,000 mark with a 3% gain this week. Optimism is growing among buyers, suggesting the potential for an upward rally reaching the $3,340 resistance.

Despite the positive momentum, it’s essential for the buying volume to increase for a sustained upward trend. For Ethereum to break the downtrend that started in October successfully, it needs to rise above $3,500 and challenge the $4,000 hurdle.

Ethereum Chart

Ripple (XRP)

Ripple struggled this week, attempting to move up from the pivotal $2 support, but ultimately fell back with a 6% decline. If buyers remain hesitant, XRP might break down to $1.8 or lower.

Moving forward, the bearish momentum suggests sellers are still in control, indicating a likely visit to lower price levels unless bulls return.

Ripple Chart

Cardano (ADA)

Cardano has managed to stay above 40 cents, closing the week with a 1% increase. While this is minimal, it is crucial for ADA to maintain this level to avoid dropping further.

While the current buying activity looks promising, a failure to clear the 50-cent resistance could prompt even lower lows. December may hold the key for a potential rally.

Cardano Chart

Binance Coin (BNB)

BNB encountered resistance just below $900 once again, with sellers thwarting its ascent, leaving the price unchanged from last week. Continued failure to break this barrier places BNB in a correction phase, likely heading toward the $800 support.

Short-term correction seems probable until buyers return, potentially guiding the price back toward the $1,000 mark.

Binance Coin Chart

HYPE (HYPE)

HYPE fell short once again, unable to reclaim the $35 support with a steep 11% decline this week. This trend puts the cryptocurrency in a bearish territory, especially observable on the weekly histogram.

Without a significant change in buying sentiment, HYPE could revisit the $30 support soon.

HYPE Chart