This week, we look at Ethereum, Ripple, Cardano, Shiba Inu and Dogecoin.
Ethereum (ETH) is struggling as the price is down 7% this week, pressure is mounting on the key support level at $3,350. If this level fails, the price could fall below $3,000.
Ripple (XRP) also struggled this week with its price down 7%. However, the good news is that key support is not far away, located at 54 cents, where buyers could return to stop this correction.
Cardano (ADA) could not resist the selling pressure and the price fell below key support at 61 cents, ending the week with a loss of 10%.
Shiba Inu (SHIB) had a terrible week finishing with a loss of 17%, becoming the biggest loser on our list.
Dogecoin (DOGE) lost the spotlight this week after the price closed with a loss of 16%. Sellers appear to have taken control of the price action and were able to bring Dogecoin down to support at 17 cents.
Overall, the market is in a correction phase, and meme cryptocurrencies are suffering from this. Dogecoin needs to complete its pullback before a new uptrend can be expected.
Ethereum (ETH) is struggling as the price is down 7% this week, pressure is mounting on the key support level at $3,350. If this level fails, the price could fall below $3,000.
Ripple (XRP) also struggled this week with its price down 7%. However, the good news is that key support is not far away, located at 54 cents, where buyers could return to stop this correction.
Cardano (ADA) could not resist the selling pressure and the price fell below key support at 61 cents, ending the week with a loss of 10%.
Shiba Inu (SHIB) had a terrible week finishing with a loss of 17%, becoming the biggest loser on our list.
Dogecoin (DOGE) lost the spotlight this week after the price closed with a loss of 16%. Sellers appear to have taken control of the price action and were able to bring Dogecoin down to support at 17 cents.
Overall, the market is in a correction phase, and meme cryptocurrencies are suffering from this. Dogecoin needs to complete its pullback before a new uptrend can be expected.