The cryptocurrency market has currently derived in the severe red zone and there has been a significant drop in altcoins, in particular with Ethereum, XRP, ADA and others who see massive liquidations in a few minutes. An amazing value of $ 2 billion in liquidations occurred within 24 hours.
Ethereum price analysis:
The price of Ethereum fell below key support areas, including the range from $ 2,500 to $ 3,000. This triggered concerns about a potential downward trend while the ups and lower stockings continue to train. While a daily candle closing under these levels is still necessary to confirm a downward trend, Ethereum’s prospects remain cautious with resistance at higher levels of $ 3,430 to $ 3,560.
Solana price prediction:
Solana followed the same downward trend as Bitcoin and Ethereum. He recently broke below a significant level of support around $ 220 to $ 225. In addition, the break of $ 220 resulted in a drop from $ 200 to $ 190. The following support could be about $ 177 to $ 180. From now on, the old support zone between $ 220 and $ 225 will probably act as resistance. Overall, the price is always in a downward trend, and things are not great for Solana in the short term.
XRP price prediction:
XRP also shows a downward trend, similar to Bitcoin and Ethereum. It broke below the support between $ 2.60 and $ 2.70, where the price was plump previously. If he closes below this level, he could see XRP fall at around $ 2.33 at $ 2.26 afterwards.
The RSI on the 4 -hour table is close to the territory of occurrence, which could point out that the price could be ready for a short -term rebound. But it is not guaranteed. This simply means that XRP could see some relief shortly before it continues to fall later.
ADA price prediction:
The price of Cardano is faced with high resistance above $ 1 level. He has struggled to cross this level for months. The price has now dropped below the key support between $ 0.72 and $ 0.73. If the price drops again, it could drop to $ 0.60, with a potential drop of 25%.
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