This week, we're delving into the price movements of Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Let's dive in!

Ethereum (ETH)

Ethereum finally showed signs of life this week, surging 7% after testing the $2,800 support level. Despite making a new yearly low against Bitcoin, ETH is poised to break higher and potentially start a relief rally after a lengthy correction. The key resistance level to watch is $3,350.

Ripple (XRP)

Ripple continued to trade within a channel, closing the week with a 4% price increase. Buyers are eyeing the crucial resistance level of 54 cents, and a decisive breakout could spark a rally. The daily MACD has turned bullish, hinting at a potential move higher.

Cardano (ADA)

ADA broke through the 46-cent resistance and is now targeting 60 cents. With a 7.5% price increase this week, the overall bias is bullish, but confirmation is needed to ensure continued upward momentum.

Shiba Inu (SHIB)

Shiba Inu mirrors Ripple's chart, with a clear resistance level at $0.000025. A breakout could see the price soar towards $0.000030. While support was found at $0.000020, a clear breakout is still needed to confirm a bullish bias.

Polkadot (DOT)

Polkadot remains within a range, but buyers seem to be gaining the upper hand. With a 6% price increase this week, the daily MACD has turned bullish, hinting at a potential breakout above the $7.6 resistance level.

In summary, Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot are all showing signs of potential breakouts or continued upward momentum. Keep a close eye on these key resistance levels to confirm the bullish bias.