Altcoin Market Swing: ETH, XRP, ADA, BNB & HYPE Rally Turns to Correction
This crypto price analysis reviews the altcoin market over the past week, highlighting initial rallies followed by a correction. Ethereum (ETH) rallied from a $4,000 support test to a 6% weekly gain, but later dipped 2% to $3,800, eyeing support at $3,345. XRP formed bullish patterns to challenge $2.7 resistance before closing 2% higher, supported around $2.4 as MACD remains positive. Cardano (ADA) climbed 8% to $0.77 support before falling 5% back to $0.60, risking a drop to $0.54. Binance Coin (BNB) rose 8% to $1,100 resistance then slipped 4% within the $1,000–$1,200 range, awaiting a breakout above $1,200. Hyperliquid (HYPE) led early gains with an 18% rise to $46 but stalled around $50 resistance, maintaining bullish momentum if it clears this level. Traders should watch key support and resistance levels as the altcoin market exhibits mixed signals and volatile swings.
Neutral
The combined report shows that while altcoins experienced notable gains early in the week—driven by bullish technical patterns and positive MACD signals—the subsequent pullbacks and failure to sustain key levels indicate market uncertainty. Short-term traders may capitalize on intraday swings around support at $3,345 for ETH and $2.4 for XRP, but the inability to clear resistance like $4,000 for ETH or $1,200 for BNB tempers upward momentum. Over the long term, sustained positions depend on breakouts above these thresholds. The mixed performance across ETH, XRP, ADA, BNB, and HYPE suggests neither a clear bullish nor bearish trend, justifying a neutral stance.