Cryptocurrency Valuation Report for July 18th: Analyzing ETH, XRP, ADA, SOL, and HYPE
On Friday, Ethereum (ETH), Ripple (XRP), Cardano (ADA), Solana (SOL), and Hyperliquid (HYPE) were analyzed. Ethereum recorded double-digit gains of 22%, with the price above $3,600 and potentially heading towards $4,000. Ripple reached a new high of $3.6, a 37% increase, with predictions of a drive towards $4. Cardano, after a 26% increase, tested a $0.90 resistance, aiming to reclaim a price above $1. Solana, after a 12% rally, reached a $186 resistance, with speculations of a clear path to $200. Conversely, HYPE showed signs of buyer exhaustion, with a mere 3% increase. It is suggested that funds may be moving towards other ecosystems, particularly Ethereum, pushing HYPE into a consolidation period under $50.