Analysis of Cryptocurrency Prices on May 16: A Look at ETH, XRP, ADA, SOL, and HYPE

Over the past week, Ethereum (ETH) experienced a 15% price increase, remaining bullish despite decreasing momentum. Ripple (XRP) increased by 5%, moving above the $2.6 mark, indicating a potential revisit to the $3 resistance.

Cardano (ADA) saw a 2% increase and is currently positioned between two key levels: the support at $0.64 and resistance at $0.9. Solana (SOL) experienced a 5% price increase after touching the resistance at $186. The momentum indicators suggest a potential continuation of the pullback.

Lastly, Hype (HYPE) increased by 10%, maintaining a price above the $24 support with a clear target at $28. However, a major correction could be imminent as the last visit to $28 resulted in a 67% crash.