According to CryptoPotato, Ethereum ($ETH ), Ripple $XRP ,Cardano (ADA), Dogecoin ($DOGE ) and Polkadot (DOT) have experienced different market trends this week. Ethereum fell 3% and buyers struggled to defend the key support at $3,500. If sellers continue to apply pressure, Ethereum could face a challenging week ahead. To reverse the current bearish trend, Ethereum needs to break above $3,700, which could pave the way to challenge the key resistance at $4,000.
Ripple mirrored Ethereum’s trend, falling by 2.7%. Even though the last five weekly candles closed in the red, the price action shows some indecision on the part of the bears due to the decreasing volume on the selling side. The price managed to hold well above the 46 cents level and is moving sideways on the daily chart. If the bulls take a stand here, they could try to challenge the 54 cents resistance.
Cardano had a better week with its price up 4.8%. The key support at 37 cents held well, allowing buyers to go back on the offensive. As long as the key support holds, this could signal that Cardano’s correction is over. Looking ahead, Cardano should maintain this bullish momentum and aim to challenge the resistance at 46 cents.
Dogecoin went through some tough times after its price fell below the 13.5 cent support. However, the price managed to move sideways and stop this correction due to low volatility. The current support lies at 10 cents. The chart is still bearish, but this is an opportunity for buyers to take a stand and take over the price action.
Polkadot rallied after an excellent bounce at the key support of $5.3. The price also surged by 10% this week, making it the best performer on the list. The biggest challenge for the bulls is the key resistance at $6.7. This reversal has to be broken if buyers want to regain full control over this cryptocurrency. Polkadot promises a sustained reversal, and the key resistance that will decide which way DOT goes will be a crucial factor to watch out for.#XRP🚀 #Dogecoin 
