Crypto price analysis this week spotlights key movements in Ethereum (ETH), Ripple (XRP), Cardano (ADA), Solana (SOL), and Hype (HYPE), as volatility continues to shape market sentiment. Here’s a closer look at how these assets performed and what their charts reveal for the coming days.
Ethereum (ETH)
Ethereum’s market performance has been notably stagnant this week, with the token gaining roughly 1%. The price continues to hover around the $1,600 level, revealing a lack of decisive movement among traders. This consolidation mimics the action seen in early March when ETH consolidated near $1,900 before eventually declining.
The indecision suggests that traders remain cautious, uncertain whether Ethereum will resume its previous downtrend. If bears regain control, the next crucial support zone appears to be near $1,400. To change momentum to the upside, Ethereum must break through resistance at approximately $1,800 — a move that could encourage buyer confidence and spark renewed demand.
Ripple (XRP)
Ripple had a slightly more positive week, recording a 2% gain while effectively holding the $2 support area. This successful defense of a key level suggests that buyers are willing to step in and prevent further decline.
Although XRP hasn’t entered a strong bullish phase yet, it has the potential to move higher if volume picks up. Potential upward targets include $2.30 and $2.60, with major resistance expected at $3. For the medium-term outlook to turn bullish, sustained buying pressure would be necessary to overcome selling at higher resistance levels.
Cardano (ADA)
Unlike Ripple, Cardano had a less optimistic performance this week. The cryptocurrency failed to recapture its previous support at $0.64, which now serves as resistance. Sellers appear to have the upper hand for the time being, and without an influx of buying interest, ADA risks further decline toward $0.50 and potentially $0.45.
The daily MACD shows a tentative shift toward bullishness, but this remains insufficient unless accompanied by stronger volume. Overall, Cardano is moving sideways with limited volatility, and without buyer commitment, significant price changes are unlikely in the near future.
Solana (SOL)
Solana led this week’s gainers with an impressive 13% increase. This breakout comes after the token cleared resistance around $118, making it the best performer on this week’s roundup.
The recent move sets the stage for a potential run toward $150, a level where sellers previously emerged in late March. If bulls can push the price beyond this critical resistance and convert it into support, a more extended rally may be on the horizon. Until then, traders should watch closely as SOL nears that barrier, as selling pressure could easily return.
Hype (HYPE)
The HYPE token continued its strong upward momentum, climbing 10% this week. This surge continues a bullish trend that began near $9, with the token recently hitting a peak of $17 — a remarkable gain of over 80% in a very short window.
However, newer price highs are being met with intensifying selling pressure, indicating that the rally may be losing steam. This is reflected in climbing daily sell volumes, which hint at growing profit-taking among holders. Going forward, a market correction could become likely if buyer exhaustion continues. A pullback would reestablish more balanced price action after such a rapid ascent.
To summarize, this week’s crypto price analysis shows mixed results across major altcoins. Ethereum and Cardano remain subdued, while Solana and Hype display strength — though with caution. Ripple looks stable but still awaits a solid bullish trigger. Traders should keep an eye on key resistance and support levels, as the market continues to respond to both technical signals and broader macro conditions.
The post Crypto Price Analysis April-18: ETH, XRP, ADA, SOL, and HYPE appeared first on CryptoPotato.
