Crypto Price Analysis August-07: ETH, XRP, ADA, BNB, and HYPE

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Ethereum continued to range under the $2,000 resistance this week, with the $1,800 support holding firm, though the lack of strength to break above $2,000 raises concerns. XRP broke below its pennant pattern to retest the critical $1 support, closing the week 4% lower in a bearish outlook. Cardano stood out as the week’s top performer with an 18% gain, moving to $0.20 and targeting the $0.23 resistance, marking the first positive price action in months. Binance Coin remained flat above the $580 support with no directional conviction from either buyers or sellers. Hyperliquid gained 3% after testing the $52 support, but remains in a downtrend on higher timeframes with lower lows being made.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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