This Friday, we’re taking an in-depth look at Ethereum (ETH), Ripple (XRP), Cardano (ADA), Binance Coin (BNB), and Hyperliquid (HYPE), examining price movements, support levels, and what to watch next.
Ethereum (ETH)
Ethereum reached a new record high of $4,960 this week, closing with a 5% gain. Currently, it is pulling back to around $4,500 as buyers and sellers battle for control. The key resistance remains at $5,000, which ETH must break and hold to sustain its rally. Support at $4,000 is crucial; even if ETH dips to this level, higher highs suggest buyers still have the edge. Look for consolidation below $5,000 before another potential breakout.
Ripple (XRP)
XRP struggled to break free from its ongoing downtrend but ended the week slightly higher with a 2% gain. Buyers consistently defended the $2.8 support, forming a descending triangle. A break below $2.8 could push XRP toward $2.5, while the trend will only reverse with sustained higher highs. Traders should watch the $2.8 level closely for potential price action.
Cardano (ADA)
ADA has been largely flat at around $0.85 over the past few days, reflecting low volatility and declining volume. This short-term weakness points toward a bearish outlook unless buying momentum picks up. The next critical support level is $0.77, which may be tested if the sideways movement continues. ADA buyers need to see volume pick up to regain control.
Binance Coin (BNB)
BNB remains strong after reaching an all-time high of $900 last week. The coin is currently consolidating in a range between $830–$900, which is acting as support and resistance. BNB is one of this year’s strongest performers, and a continued uptrend could see it test the $1,000 psychological level. Traders should watch for breakouts above $900 as a signal of renewed strength.
Hyperliquid (HYPE)
HYPE attempted three times to break $50 but faced strong selling pressure, pulling back to around $45. Despite this, it finished the week up 9%, suggesting bullish momentum remains. The price is forming an ascending triangle, and as long as $45 support holds, buyers maintain an advantage. A failure of this support could lead to a deeper correction toward $40.
Summary:
•ETH & BNB: Strong, with potential for further gains if key resistances are broken.
•XRP & ADA: Caution advised, testing key support levels.
•HYPE: Bullish bias, consolidating before potential breakout.
