This Friday, we examine Ethereum, Ripple, Cardano, Solana, and Hyperliquid in greater detail. Ethereum (ETH) ETH closed the week with a 4% price increase and is currently sitting comfortably above $2,500. This is impressive considering that only two weeks ago it was at $2,100. With buyers returning, optimism is increasing across the market which may finally allow it to test and break the resistance at $2,800. As long as the price is above $2,500, bulls have the advantage and higher price levels are likely. Looking ahead, ETH shows a clear bullish bias across momentum indicators such as the MACD and RSI which are making higher lows. The only missing piece to make a breakout possible is buy volume which still lags behind and has not made higher highs yet. Chart by TradingView Ripple (XRP) Bulls had a good week and tested the resistance at $2.3 again. While they did not have the strength to break this level yet, the price still managed to increase by 6%. With clear higher highs and lows, XRP is found in an uptrend which may eventually break the key resistance. If successful, the buyers may aim to initiate a rally towards $2.6 next, which is a key target as soon as $2.3 falls. This long consolidation above $2 indicates that this cryptocurrency may experience a sharp increase in volatility as soon as it leaves its current range. The bias is bullish and a quick rally to $2.6 and beyond is likely if buy volume explodes later. Chart by TradingView Cardano (ADA) After a difficult period in June, ADA appears to have finally found a local bottom above 50 cents. Most recently, the price made a higher high and managed to close the week with a 5% increase. This is encouraging and may allow it to reverse its downtrend. With buyers in control, theh altcoin has a good chance to test the resistance at 64 cents which used to act as a key support in the past. To turn the bias bullish, ADA will have to move its price above $0.64. This cryptocurrency has a difficult road ahead since it has been making lower lows for over six months. To reverse this, buy volume has to increase significantly. A first step towards that is to reclaim $0.64. Chart by TradingView Solana (SOL) Solana managed to return above $150 which is a key psychological level. This allowed the price to close the week 6% higher. While this is encouraging, buyers have to keep the price above this level if they want to maintain control. Considering the recent rally, the price action may be forming an inverted head and shoulders reversal pattern on the daily timeframe. However, to confirm it, SOL has to move above $170 and secure a higher high. Moreover, the volume has to increase since it has been flat for months. Right now, the momentum indicators are bullish, but without increasing volume it will be hard for buyers to push this cryptocurrency higher. As long as $150 holds, bulls still have the upper hand. Chart by TradingView Hype (HYPE) HYPE had a good week and increased by 5%. However, the price action shows buyers are becoming exhausted. Every time it tried to reclaim and stay above $40, sellers returned to push it lower. With weakening momentum and volume, HYPE appears to struggle right now and is not able to make higher highs. On the contrary, if the price cannot move above $40, sellers will have an opening to push it lower. Looking ahead, HYPE could be establishing a complex local top formation that may prolong its current correction after its most recent ATH at $46. Based on this, it is unlikely for this cryptocurrency to make new price records any time soon. Chart by TradingView The post Crypto Price Analysis July-04: ETH, XRP, ADA, SOL, and HYPE appeared first on CryptoPotato.

Solana started a recovery wave above the $150 zone. SOL price is now correcting gains and might struggle to rise above the $155 resistance.

• SOL price started a fresh decline after it failed to clear $155 against the US Dollar.
• The price is now trading near $152 and the 100-hourly simple moving average.
• There is a key bullish trend line forming with support at $151 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The pair could start a fresh increase if it clears the $156 resistance zone.

Solana Price Trims Gains Solana price started a decent increase after it cleared the $150 resistance, like Bitcoin and Ethereum. SOL climbed above the $152 level to enter a short-term positive zone. There was a move above the 50% Fib retracement level of the downward move from the $160 swing high to the $144 low. However, the bears were active near the $156 resistance. They protected a move above the 76.4% Fib retracement level of the downward move from the $160 swing high to the $144 low. The price is now moving lower and trading below the $154 level. Solana is now trading near $152 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $151 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $155 level. The next major resistance is near the $156 level. The main resistance could be $160. A successful close above the $160 resistance zone could set the pace for another steady increase. The next key resistance is $162. Any more gains might send the price toward the $165 level. Another Decline in SOL? If SOL fails to rise above the $155 resistance, it could start another decline. Initial support on the downside is near the $150 zone. The first major support is near the $146 level. A break below the $146 level might send the price toward the $142 zone. If there is a close below the $142 support, the price could decline toward the $136 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $150 and $146. Major Resistance Levels – $155 and $160.

Solana started a fresh decline from the $188 zone. SOL price is now moving lower and might decline further below the $170 level.

• SOL price started a fresh decline from the $188 resistance zone against the US Dollar.
• The price is now trading below $180 and the 100-hourly simple moving average.
• There is a connecting bearish trend line forming with resistance at $176 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The pair could start a fresh increase if it clears the $180 resistance zone.

Solana Price Dips Again Solana price formed a base above the $170 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $172 and $175 resistance levels. The price tested the $188 resistance before there was a fresh drop to $170. A low was formed near $170 and the price recently attempted a fresh increase. The price cleared the $172 level. It surpassed the 23.6% Fib retracement level of the recent decline from the $188 swing high to the $170 low. Solana is now trading below $180 and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $176 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $176 level. The next major resistance is near the $180 level. The main resistance could be $185. A successful close above the $185 resistance zone could set the pace for another steady increase. The next key resistance is $192. Any more gains might send the price toward the $200 level. Another Decline in SOL? If SOL fails to rise above the $176 resistance, it could start another decline. Initial support on the downside is near the $172 zone. The first major support is near the $170 level. A break below the $170 level might send the price toward the $165 zone and the trend line. If there is a close below the $165 support, the price could decline toward the $160 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $172 and $170. Major Resistance Levels – $176 and $180.