This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. 🧐
Ethereum (ETH) slipped below $3,000 and closed the week with a 5% loss. Current support is at $2,900. If it fails, the next support is at $2,500. Hope May brings good news for ETH!
Ripple (XRP) moved sideways and closed the week with a loss of 1%. Resistance is at 54 cents and XRP is unlikely to break this level. So, what do you think about XRP this week?
Cardano (ADA) was rejected by resistance at 46 cents and appears to be still struggling. If buyers do not return soon, ADA may make a new low and approach the key support at 40 cents.
Shiba Inu (SHIB) lost support at $0.000025 which has now turned into resistance. Because of this, prices fell 11% this week. Do you still hold SHIB?
Polkadot (DOT) surged at support at $6.3 allowing it to close the week with a 3% price increase. As long as this key support holds, Polkadot has a good chance of challenging resistance at $7.6.
Let's discuss it in the comments column! 😄