• Ethereum (ETH) registered a 3.8% increase in the past seven days, with its price reaching the key resistance level of $1,260.
• Ripple (XRP) showed a slight increase in price, with a 0.6% increase in the past seven days.
• Cardano (ADA), Litecoin (LTC), and Solana (SOL) saw considerable price hikes over the past seven days.
The crypto market has been showing a positive sentiment this week, with many of its major players seeing a considerable price increase in the past seven days. Ethereum (ETH) registered a 3.8% increase, as the bulls took over and pushed the price all the way to the key resistance level of $1,260. The fact that the price has been rather timid in pulling back from this most recent rally suggests that sellers are exhausted or lack interest at this moment. This could turn into a key opportunity for the bulls.
Ripple (XRP) also showed a slight increase in price, with a 0.6% increase in the past seven days. Looking ahead, XRP is giving good signals that buyers are in control, with higher lows and higher highs in the price action. Should they maintain the momentum, the price could reach the next resistance at $0.48.
Cardano (ADA) has also seen considerable price hikes over the past seven days and is currently trading at around $0.30. The bulls have taken over the price action and pushed it to the key resistance at $0.31. If the bulls can maintain the momentum, the price could reach the next resistance at $0.35.
Litecoin (LTC) is currently trading at around $126, and is showing signs of bullish sentiment. The bulls have taken over the price action and pushed it to the key resistance at $136. If the bulls can maintain the momentum, the price could reach the next resistance at $140.
Solana (SOL) has also seen considerable price hikes over the past seven days and is trading at around $10. The bulls have taken over the price action and pushed it to the key resistance at $10.50. If the bulls can maintain the momentum, the price could reach the next resistance at $11.
Overall, the crypto market has been showing good progress this week, with many of its major players making considerable gains. Ethereum, Ripple, Cardano, Litecoin, and Solana have all seen good price hikes, suggesting that buyers may be in control of the market. As always, traders and investors should always do their research before investing in cryptocurrencies.
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