In the world of cryptocurrency, strong fluctuations and opportunities are inevitable. In particular, this weekend, we will delve deeper into the four 'giants' Ethereum, XRP, Cardano, Solana, and a promising newcomer – Hyperliquid. Each coin has its own story, unique strengths, and potential growth opportunities. Let’s keep an eye on important signals to gain a clearer perspective on the upcoming trends in the crypto market, where every decision can make a significant difference.
Ethereum (ETH)
Ethereum (ETH) continues to make a strong mark as it wraps up the week with an impressive growth of up to 22%. At this moment, the price of ETH has firmly established itself above $3,600, and is getting closer to the target of $4,000 – this price level is currently acting like a 'magnet', attracting the attention of both investors and the market.
Although ETH currently has a fairly solid support level around $3,300, this threshold has not yet been tested. The strong buying pressure has prevented any deep corrections. With the current trend, the likelihood of ETH reaching $4,000 before selling pressure appears is very high.
Looking to the future, the growth momentum remains very strong. However, the greatest challenge for ETH is breaking through and turning $4,000 into a solid support level. Before this happens, it is difficult to determine whether ETH can continue to surpass this important threshold.
XRP
XRP has just reached a new all-time high, hitting above $3.6 after recording an impressive increase of 37% in the past week. This is a notable achievement, especially after a long accumulation period around the $2 price level, as the market sought a new direction.
With XRP entering the 'price discovery' phase, the competition between buyers and sellers will become intense as this coin seeks a stable equilibrium. The previous resistance level at $3 can now become a solid support in the future, providing a strong defensive anchor if selling returns.
Looking ahead, XRP's next target could be $4 if buying pressure continues to maintain strength. However, to achieve this, XRP first needs to break through the $3.6 threshold, opening up opportunities for strong growth in the coming days.
Cardano (ADA)
Cardano (ADA) has just achieved an important milestone by hitting the resistance level of $0.90, following an impressive growth of up to 26% in the past week. With this strong upward trend, ADA is on the verge of opening up opportunities to return to price levels above $1 in the coming days and weeks.
At this moment, sellers are trying to defend the $0.90 level, but with the strength of the overall market uptrend, it is hard for them to maintain it for long. If ADA breaks through this level, the possibility of continuing the uptrend and conquering higher levels is entirely feasible.
Looking to the future, ADA can certainly maintain this uptrend and continue to climb as it reaches $1. Until then, the solid support level at $0.80 will be an important anchor if any corrections and selling pressure arise.
Solana (SOL)
Solana (SOL) has just hit a significant resistance level at $186 after a 12% growth this week. This price is creating a challenging pivot point, where selling pressure may increase. However, current buying pressure remains strong, and it is not ruled out that buyers may turn $186 into a solid support level in the near future.
If Solana breaks this resistance level, the next path may be towards $200. This price level could create a FOMO (fear of missing out) mentality within the investor community, drawing attention back to SOL, especially as other major coins like XRP and ETH are dominating.
Overall, the macro trend for Solana remains very positive, with higher lows indicating that the uptrend is continuing. A new peak around $200 will further motivate buyers, potentially pushing SOL back to the impressive price levels of January when it nearly hit $300.
Hyperliquid (HYPE)
While most major cryptocurrencies are experiencing strong double-digit growth, Hyperliquid (HYPE) is falling into a rather gloomy state with only 3% growth this week. This is a sign that buying pressure has begun to wane, especially as HYPE had a burst of growth in the previous months of April and June.
It is possible that capital is leaving HYPE and shifting towards other ecosystems, particularly Ethereum, where there has been a lot of notable activity recently. This could cause HYPE to enter a consolidation phase below $50. If selling returns, important support levels will be $42 and $36, which could provide a rebound for the price.
Looking forward, HYPE is currently facing an important psychological level at $50, where selling pressure may increase. This could potentially end HYPE's upward trend, at least in the short term. It is predicted that this cryptocurrency may undergo a consolidation or correction after a series of impressive successes in recent months.
