Crypto Price Analysis: ETH, XRP, ADA, SOL, HYPE Trends

The crypto price analysis for this week highlights five major cryptocurrencies: Ethereum (ETH), Ripple (XRP), Cardano (ADA), Solana (SOL), and Hype (HYPE). Market sentiment remains mixed, with clear winners and laggards emerging among the top tokens.

Ethereum (ETH)

Ethereum has experienced a relatively stagnant week, showing only slight growth of 1%. Currently trading near the $1,600 mark, ETH is consolidating, with no strong directional movement. This mirrors a similar range-bound phase seen back in March around $1,900, which was eventually followed by a downturn.

If this lack of momentum continues, Ethereum could dip down to its major support zone at $1,400. Buyers must overcome the $1,800 resistance to shift sentiment back to a bullish outlook, but for now, market participants seem uncertain of the next move.

Ripple (XRP)

Ripple posted a 2% increase over the past seven days, managing to maintain its critical support level at $2. This resilience suggests that bulls are working hard to keep XRP above this psychological threshold.

Although momentum remains subdued, this support zone could act as a platform for future gains. The next possible targets lie at $2.3 and $2.6, while resistance around $3 may challenge a more sustained run. For upward movement to continue, the trading volume will need to rise significantly.

Cardano (ADA)

Unlike XRP, Cardano is facing selling pressure and failed to reclaim the $0.64 previous support level, which now serves as resistance. The technical outlook favors sellers while buyers remain largely inactive.

Should the downward pressure persist, ADA could see further declines with support likely at $0.5 and $0.45. Even though the daily MACD indicator has turned bullish, the absence of strong buying activity makes a reversal less likely in the short term. Right now, Cardano appears to be stuck in a sideways range without decisive direction.

Solana (SOL)

Solana emerged as the strongest performer on this week’s list, registering a 13% price increase. This rally followed a successful breakout above the $118 resistance level. With this level now acting as support, the rally could continue toward $150 — a region that previously attracted selling pressure in late March.

Currently, buyer momentum is in control, but caution is advised as SOL approaches the critical $150 resistance zone. If bulls can transform this level into support, the cryptocurrency could be poised for further gains. Otherwise, a pullback could materialize quickly if sellers reappear.

Hype (HYPE)

HYPE also performed well this week, rising by 10% as it continues a strong uptrend initiated from the $9 level. The token recently peaked at around $17, showcasing an approximate 80% surge in a short period.

However, the uptrend is beginning to show signs of fatigue, with increased selling activity accompanying recent highs. Daily trading volume reflects this shift, with heightened sell pressure becoming more apparent. As buyer enthusiasm diminishes, the chances of a pullback are growing, making the current levels potentially risky for new long entries.

Related: Expert Advice: Sell XRP If You’re Confused

The post Crypto Price Analysis April-18: ETH, XRP, ADA, SOL, and HYPE appeared first on CryptoPotato.