This Friday, we delve into the performance of Ethereum (ETH), Ripple (XRP), Cardano (ADA), Binance Coin (BNB), and Hyperliquid (HYPE).

Ethereum (ETH)

After a week marked by a 3% decline, Ethereum struggled to maintain its stance above $4,500, which has become a significant resistance level. Should sellers continue to dominate, a drop to the $4,000 support might be on the horizon. Historically, this level has provided strong defense against declining prices. For Ethereum to regain optimistic momentum and aim for a bounce back to $5,000, a reversal above $4,500 is essential.

Ethereum

Ripple (XRP)

Wrapping up the week with a 7% loss, XRP found itself overtaken by Binance Coin, slipping to the fourth position in market capitalization. Currently struggling with the $3 resistance barrier, the growing bottleneck could pressure XRP down to the $2.7 support.

Ripple

Cardano (ADA)

Cardano’s 4% decrease leaves it above the crucial support level of $0.77. If this support holds, it might pave the way for future gains, but previous attempts at breaking through the $0.90 and $1 resistance levels have been unsuccessful.

Cardano

Binance Coin (BNB)

In a standout week, Binance Coin reached a record price of $1,350. This growth boosted it by 15% and allowed BNB to reclaim the third market position previously held by XRP. Market enthusiasm may drive BNB toward the remarkable $1,500 target if it breaks above the resistance.

Binance Coin

Hyperliquid (HYPE)

HYPE faced a challenging week with a 9% drop, primarily due to apprehensions surrounding its imminent token unlocks amidst rising competition from other decentralized exchanges. Presently pushed to $44, HYPE’s fate hinges on whether this level can hold as support or if it will falter towards $40.

Hype

Stay tuned for further updates as we monitor these significant crypto trends.