Ethereum (ETH), Polkadot (DOT), Solana (SOL), Ripple (XRP), Shiba Inu (SHIB) Price Analysis
- Patricia ArquetteOriginal
- 2024-09-30 15:16:14306browse
Ethereum, the second-largest cryptocurrency, also struggled to maintain its footing. ETH dropped by 1.68% in the past 24 hours and is down by 1.95% over the last seven days.
Ethereum (ETH) price slipped further on Monday, continuing the decline observed in the past few days. ETH dropped by 1.68% in the past 24 hours and is down by 1.95% over the last seven days.
At the time of writing, Ethereum is trading at $2,625.80, showing signs of consolidation around the $2,600 support level. A key resistance to watch is $2,700. Breaking above this level could signal renewed bullish momentum.
Polkadot (DOT) price experienced a slight pullback of 2.42% today. However, the altcoin still maintains a healthy weekly gain of over 6%.
DOT price action shows strong support at $4.50. If prices remain above this level, we could see another leg up for Polkadot. A break above the $4.75 resistance could confirm a bullish trend continuation.
Solana (SOL) price dropped slightly on Monday, slipping by 0.95%. However, it remains one of the top performers this week with a 5.37% gain.
Solana price is currently holding steady above the $150 support level. A push towards $160 could reignite bullish sentiment. Traders are eyeing the $165 resistance as a key breakout level.
Among the top 10 cryptocurrencies, XRP price experienced a rise of 5.32% today. Over the past seven days, XRP has gained a solid 8.40%.
XRP’s next major resistance is at $0.70. If it manages to break this level, a push towards $0.75 could be on the horizon. The support level is around $0.62.
Shiba Inu (SHIB) price has seen a dramatic increase of 26.05% over the past week. However, it faced a significant correction today, dropping by 6.80%.
SHIB price support is at $0.00001800. A break below this could trigger further downside. The resistance is at $0.00002000, a level that must be broken for SHIB to continue its upward momentum.
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