This week, we delve into Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot.

Ethereum (ETH)

Ethereum saw a resurgence after testing $2,800 support, closing the week with a 7% gain. However, it hit a new yearly low against Bitcoin. The $3,350 resistance could be tested if the momentum persists, ideally signaling an uptrend. ETH might be forming a local bottom, hinting at a relief rally post a prolonged correction since March.

Ripple (XRP)

Ripple traded within a channel, ending the week with a 4% rise. Buyers eye breaking the key 54 cents resistance for a potential rally, with the daily MACD turning bullish. A decisive breakout above 54 cents is crucial for confirmation, potentially bringing back volume and buyers aiming for 68 cents.

Cardano (ADA)

ADA breached the 46 cents resistance, poised to move towards 60 cents with a 7.5% weekly gain. The 46 cents level awaits confirmation as support, with bullish bias but requiring continued momentum. While favoring bulls in the short term, a pullback is still possible.

Shiba Inu (SHIB)

SHIB looks to surpass the $0.000025 resistance, targeting $0.000030, with increased buy volume indicating optimism. While finding support at $0.000020, a clear breakout is awaited for confirmation of a bullish trend.

Polkadot (DOT)

Polkadot oscillates between $6.3 and $7.6, closing the week with a 6% rise. Buyers seem dominant, evidenced by a bullish MACD cross and higher price highs. A breakout above $7.6 could propel DOT towards double digits later this month, signaling potential consolidation end.