According to CryptoPotato, Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin have all experienced significant price changes this week. Ethereum's price fell by 7%, putting pressure on the key support level of $3,350. If this level fails, the price could potentially drop below $3,000. The rally that began in October 2023 seems to have reached a local top at $4,000, indicating a significant correction that could last for a while. If Ethereum cannot hold at the key support level, the price could fall towards $2,800.
Ripple also experienced a 7% drop in price this week. Despite attempts to break above the 68 cents resistance, the price fell shortly after. However, the key support level of 54 cents is not far off, and buyers could potentially halt the correction at this point. Ripple has been in a large flat trend since late 2023, with price action showing no clear direction.
Cardano's price fell below the key support level of 61 cents, ending the week with a 10% loss. The next crucial support level is at 46 cents, but it would require significant bearish activity to reach this point. This downtrend could continue until the key support level is reached, suggesting that Cardano holders should be patient.
Shiba Inu ended the week with a 17% loss, making it the worst performer on the list. The current support level is at $0.000025, and the price is likely to test this level before any potential reversal. If buyers fail to show strength at this level, Shiba Inu's price could fall further.
Lastly, Dogecoin's price fell by 16% this week. Sellers seem to have control over the price action and could potentially push Dogecoin to the support level of 17 cents. If this level fails to hold, the next target for correction would be 15 cents. The overall market is currently in a correction phase, and meme coins like Dogecoin are suffering as a result.
