Ethereum
Ethereum dropped a sharp 10% this week as the cryptocurrency currently sits at around $3400. The cryptocurrency surged to $3975 last Friday, where it met the resistance at a 1.272 Fib Extension level.
It was unable to overcome it over the weekend and eventually collapsed from there on Tuesday during the market wipeout. ETH dropped as low as $3000 during the sell-off but eventually recovered by the end of the day to close the daily candle at $3428 (.382 Fib).
It held this support over the past two days but recently slipped beneath it today, reaching as low as $3350.
Looking ahead, the first support lies at $3350. This is followed by added support at $3240 (.5 Fib), $3100 (50-day MA), $3000, and $2890.
On the other side, the first resistance lies at $3500 (20-day MA). This is followed by $3790 (bearish .786 Fib), $3975 (1.272 Fib Extension), $4000, and $4135.
Against BTC, ETH was above 0.0785 BTC over the weekend. On Sunday, ETH slipped beneath 0.078 BTC to hit 0.076 BTC. ETH briefly slipped beneath 0.07 BTC during the Tuesday market capitulation but would close the daily candle at 0.0733 BTC (.382 Fib).
It did rebound from there on Wednesday but met resistance at 0.0765 BTC (bearish .786 Fib). It has since dropped from 0.0765 BTC and is now back at the 0.0733 BTC support.
Looking ahead, if the bears drop beneath 0.0733 BTC, the first support lies at 0.072 BTC. This is followed by 0.07 BTC (.618 Fib), 0.0691 BTC, and 0.0678 BTC (.786 Fib & 50-day MA).
Ripple
XRP fell by a solid 13% over the past week to $1.10. The cryptocurrency was trading inside an ascending price channel over the weekend and pushed higher on Monday to break the August highs and hit $1.40.
XRP collapsed on Tuesday’s market wipeout as it fell as low as $0.94. By the end of the day, XRP had recovered to close the daily candle at around $1.12. Since then, XRP has been slowly grinding lower as it hit the support at $1.05 today (.5 Fib).
Looking ahead, the first support lies at $1.05 (.5 Fib). This is followed by $1.00 (50-day MA), $0.957 (.618 Fib Retracement), and $0.9 (200-day MA).
On the other side, the first resistance lies at $1.15. This is followed by $1.20 (20-day MA), $1.25 (Feb 2018 highs), $1.36 (1.618 Fib Extension), and $1.40.
XRP also suffered against BTC this week as it currently trades around 2360 SAT. It managed to break 2600 SAT on Monday and reached as high as 2728 SAT (August high-day closing price). On Tuesday, the cryptocurrency collapsed and fell beneath 2600 SAT to spike as low as 2200 SAT (50-day MA). The bulls had rebounded to close the daily candle at 2400 SAT by the end of the day.
Over the following few days, XRP slowly went lower to hit the support at 2290 SAT (.382 Fib) today.
Looking ahead, the first support lies at 2290 SAT (.382 FIb). This is followed by 2290 SAT (.382 Fib), 2200 SAT (50-day MA), 2150 SAT (.5 Fib & 100-day MA), and 2000 SAT (.618 Fib & 200-day MA).
On the other side, the first resistance lies at 2450 SAT (20-day MA). This is followed by 2670 SAT (bearish .5 Fib), 2730 SAT (1.618 Fib Extension), 2915 SAT (bearish .618 Fib), and 3000 SAT.
Cardano
ADA fell by a sharp 16% over the past week as it currently trades around $2.50. The coin was testing resistance around $3.00 (1.272 Fib Extension) over the weekend but was unable to break it. On Tuesday, it slipped beneath the 20-day MA and spiked as low as $2.00 (50-day MA).
By the end of the day, ADA had recovered to the $2.50 support (.382 Fib). It has held this support throughout the rest of the week.
Looking ahead, if the bears push beneath $2.50, the first support lies at $2.25 (.5 Fib). This is followed by support at $2.05 (50-day MA & .618 Fib), $1.80 (100-day MA), and $1.60.
On the other side, the first resistance lies at $2.60. This is followed by $2.75 (20-day MA), $3.00, and $3.20 (1.414 Fib Extension).
ADA also fell against BTC this week after it slipped from 6000 SAT to reach the current 5340 SAT support (.236 Fib). It was already decreasing against BTC throughout the weekend to hit the support at 5340 SAT. On Tuesday, it spiked lower to reach the 4590 SAT support (.5 Fib).
The bulls recovered by the end of the day to close the candle above 5340 SAT (.236 Fib).
Looking ahead, if the bears break 5340 SAT, the first support lies at 5000 SAT. This is followed by 4925 SAT (.382 Fib), 4590 SAT (.5 Fib & 50-day MA), 4250 SAT (.618 Fib & 100-day MA).
On the other side, the first resistance lies at 5500 SAT. This is followed by 5670 SAT (20-day MA), 6000 SAT, and 6200 SAT (1.414 Fib Extension).
Solana
SOL saw a strong 43% price hike this week as the coin set a new ATH price at $216. The coin started to surge from $140 on Monday to break above $160. On Tuesday, SOL did spike as low as $130 but quickly recovered and ended up closing the daily candle at $170.
SOL continued to rise over the following few days to hit resistance at $200 (1.618 Fib Extension). Yesterday, SOL managed to spike above $200 to set the new $216 ATH price. Unfortunately, it was unable to close the daily candle above $200 and has since rolled over to $180.
Looking ahead, the first support lies at $170 (.236 Fib). This is followed by $142 (.382 Fib), $120 (.5 Fib), and $100.
On the other side, the first resistance lies at $200 (1.618 Fib Extension). This is followed by $220, $230 (1.618 Fib Extension – purple), $256 (1.272 Fib Extension – blue), and 277 (1.414 Fib Extension – blue).
SOL is also performing very well against BTC as it sets a new ATH at 46,980 SAT this week. The coin has been surging inside an ascending price channel since mid-August, and it recently found resistance at the upper angle of this price channel.
On Monday, SOL surged higher from 26,850 SAT as it started to soar. By Wednesday, the cryptocurrency was already testing the upper angle of the price channel. It spiked above the channel yesterday to set the new ATH but could not close above it.
Looking ahead, the first support lies at 37,380 SAT (.236 Fib). This is followed by 35,000 SAT (lower angle of price channel), 31,560 (.382 FIb), and 30,000.
On the other side, the first resistance lies at 43,000 SAT (1.618 Fib Extension & upper angle of the channel). This is followed by 45,000 SAT, 46,980 SAT (1.618 Fib Extension – purple), and 50,000 SAT.
MATIC
MATIC is down by a small 5% over the past week of trading. The coin surge over the weekend to break the August high and meet resistance at $1.75 (bearish .618 Fib). It couldn’t overcome this resistance and rolled over from there on Sunday.
During the Tuesday market collapse, MATIC slipped as low as $1.10. It recovered by the end of the day to close the daily candle at the 50-day MA. It is now sitting above an ascending trend line and is using it as support.
Looking ahead, if the bears push beneath the trend line, the first support lies at $1.30 (.382 Fib). This is followed by $1.23 (100-day MA), $1.17 (.5 Fib), $1.05 (.618 Fib), and $1 (200-day MA).
On the other side, the first resistance lies at $1.40 (20-day MA). This is followed by $1.60, $1.75 (bearish .618 Fib), $2.00, and $2.05 (bearish .786 Fib).
MATIC is also above an ascending trend line against BTC as it uses support at 2865 SAT (.5 Fib) as support. The coin surged from beneath 3000 SAT on Saturday to reach resistance at 3630 SAT (bearish .382 Fib) on Sunday.
It rolled over from there and started to head lower throughout the week. On Tuesday, MATIC spiked as low as 2500 SAT but managed to recover by the end of the day to close the candle at 2865 SAT (.5 Fib & 100-day MA).
It is now using the ascending price channel as support.
Looking ahead, the first resistance lies at 3000 SAT (50-day MA). This is followed by 3200 SAT, 3500 SAT, 3630 SAT (bearish .382 Fib), 3865 SAT (1.272 Fib Extension), and 4000 SAT.
On the other side, the first support lies at 2865 SAT (.5 Fib). This is followed by 2685 SAT (.618 Fib), 2500 SAT, 2400 SAT (200-day MA), and 2300 SAT.
