Hello everyone! Friday is here, let's talk about this week's popular coins in the crypto circle—Ethereum (ETH), Ripple (XRP), Cardano (ADA), Binance Coin (BNB), and the speculative coin HYPE, and see their upcoming trends and opportunities.
Ethereum (ETH)
Ethereum has shown good performance recently, after a period of sideways consolidation in early September, it has started to strengthen slowly. The weekly K-line has formed a bullish engulfing pattern, with prices rising about 3% this week, indicating that buyers are returning to the market.
The current ETH price is approximately around $4500, with only a 6% difference from the next key resistance level of $4868. In other words, if buyer momentum doesn't decrease, there's a good chance of testing this position before the end of September. Furthermore, if it breaks through $5000, it will be very favorable for Ethereum's trend to set a new high for the year. For friends who want to participate, focusing on the support around $4500 while locking in the resistance level of $4868 is a good strategy.
Ripple (XRP)
#Xrp🔥🔥 This week also performed strongly, with a price increase of about 8%, successfully breaking through the descending triangle formed since July. This is a very clear bullish signal, indicating that the market bulls are taking the initiative.
Now the support level around $3 is showing stability. As long as sellers do not return here to seize positions, XRP has a chance to continue challenging the next resistance at $3.2. If it successfully breaks through, it may even challenge the summer high of $3.6 again. In summary: XRP is gathering strength, and buyers are in control in the short term.
Cardano (ADA)
#ADA Also performing brightly, this week it rose about 9%, and the price is about to challenge the resistance level of $0.9. The lows over the past few months have been continuously rising, showing that the market is gradually warming up.
If ADA can break through $0.9, the next target will be $1.1. To confirm the upward trend, it must stand firmly above $1, so there will be a chance to continue rising in the future. For holders, now is a good time to observe the trend and proceed with caution.
Binance Coin (BNB)
#bnb This week broke through $910, setting a new historical high, which has given investors a lot of confidence. The technical aspect shows that if the $900 support level can hold, BNB's challenge for $1000 is almost a done deal.
Momentum indicators like MACD and RSI are also leaning towards bullish, indicating that buyers still hold the initiative in the short term. Even if there is a price correction, the support at $830 is relatively strong, which can prevent a significant drop. For those looking to chase highs, the psychological barrier of $1000 is worth focusing on.
Hype Coin (HYPE)
#hype This week has been crazy, peaking at $57, with a weekly increase of 23%! This is a typical strong breakthrough, attracting a lot of attention in just a few days.
Although sellers have already pulled the price back from $57 to around $55, as long as the bulls continue to exert strength, the next resistance level is at $58, followed closely by $60. If the trend continues, hitting $100 before the end of the year is not impossible. For those who like high risk and high return, HYPE is undoubtedly one of the most noteworthy coins this year.
Summary
Overall, the cryptocurrency market remains lively this week: ETH, XRP, ADA, and BNB are stable with a slight strength, showing clear bullish momentum; HYPE and other hype coins show characteristics of rapid rises. For ordinary investors, it is essential to pay attention to key support and resistance levels while managing positions to seize opportunities and reduce risks.
Remember a few simple points:
ETH support around $4500, focus on resistance at $4868
XRP holds at $3, aiming for $3.2 and even $3.6
ADA challenges $0.9, breaking through $1 is expected
BNB holds at $900, target $1000
HYPE retraces to support at $55, next target $58-$60
Market changes quickly, don’t be a bystander; seize opportunities and take action!
