Crypto price analysis for October 16: ETH, XRP, ADA, BNB and HYPE
- Ethereum quickly dipped below $2,400 but closed at a level similar to last week; the decisive week ahead could see it return to $2,000 if the downward momentum continues.
- Ripple closed 3% lower and is approaching key support at $1.30; a break below this level could lead to a drop to $1, signaling bearish sentiment.
- Cardano also fell 3% and is trying to hold support at $0.23; if this level fails, it could drop to $0.20, while **Binance Coin** is expected to test support at $690 soon.
Source: CryptoPotato
🌍 Updated by GemCrypto
$ETH
#Ethereum #Crypto
- Ethereum quickly dipped below $2,400 but closed at a level similar to last week; the decisive week ahead could see it return to $2,000 if the downward momentum continues.
- Ripple closed 3% lower and is approaching key support at $1.30; a break below this level could lead to a drop to $1, signaling bearish sentiment.
- Cardano also fell 3% and is trying to hold support at $0.23; if this level fails, it could drop to $0.20, while **Binance Coin** is expected to test support at $690 soon.
Source: CryptoPotato
🌍 Updated by GemCrypto
$ETH
#Ethereum #Crypto