This week, we look at ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail.
ethereum (eth)
ethereum managed to hold above $3,300 and closed this week with a 1% price increase. While this is not much, it shows that buyers are resistant to this key support level. The more this happens, the more confident the market will be in eth moving higher.
The current price action is also turning positive if we look at the momentum indicators on the daily timeframe. The MACD made a bullish cross recently and the RSI is making higher lows. These are early signs that ethereum could soon wake up to challenge the resistance levels at $3,600 and $4,000 again.
Looking ahead, ethereum could surprise the market with a strong move considering it didn't do much in the last month while other altcoins like XRP and Solana made new price records. Eventually, profits will turn and ethereum is definitely a top candidate for market participants.
Vibe (XRP)
XRP is down almost 5% on the weekly chart after it failed to recover above $3.4. The price is currently around $3.2 at the time of writing and buyers seem absent or uninterested. Therefore, the cryptocurrency has consolidated above the key $3 support level.
As long as XRP remains above $3, there is a good opportunity at higher levels. But the longer buyers delay a clear break above $3.4, the more interested holders will become. This is why it is essential for XRP to continue its rally.
Looking ahead, the currency appears at a critical junction here. A failure to move higher could soon be interpreted as bearish and see the price break below $3. On the other hand, breaking above $3.4 would quickly see XRP move towards $4 next.
![XRPUSD_2025-01-24_12-56-41](https://technicalterrence.com/wp-content/uploads/2025/01/1737727629_395_Crypto-January-24-Price-Analysis-ETH-XRP-ADA-BNB-and-SOL.png)
Cardano (there)
ADA fell 11% on the weekly chart after sellers lowered the price from $1.1 to $1, acting as a key support. So far, buyers have managed to hold this cryptocurrency above this level, but the momentum is not really on their side.
Zooming out, ADA has been in a range since late November 2024, when it was rejected at $1.3, which also acts as a major resistance. The strongest support is at 90 cents. As long as the price does not break out of this range, the consolidation period continues.
Looking ahead, Cardano appears to be at a stalemate which reminds us of the XRP price action. A clean breakout is required to resume the uptrend, but until it happens, any delay could test the patience of ADA holders.
![Adausdt_2025-01-24_12-55-07](https://technicalterrence.com/wp-content/uploads/2025/01/1737727629_702_Crypto-January-24-Price-Analysis-ETH-XRP-ADA-BNB-and-SOL.png)
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Binance Coin (BNB)
Binance Coin closes the week with a 4% loss after failing to hold above $700. But sellers don't seem too interested in taking BNB lower right now. Therefore, the price has been hovering around the key support at $690.
This lack of momentum has turned the stock pretty flat. However, what is concerning is that the Daily MACD has turned bearish this week. This could lead to additional selling pressure later.
Looking ahead, BNB could fall to $650 if sellers return or even $600. These are the next key support levels should $690 be broken in the coming days. If so, that would likely indicate a broad market correction that could also see ADA and XRP make lower lows.
![Bnbusdt_2025-01-24_12-55-57](https://technicalterrence.com/wp-content/uploads/2025/01/1737727629_748_Crypto-January-24-Price-Analysis-ETH-XRP-ADA-BNB-and-SOL.png)
Solana (SUN)
Solana continues to impress with a 22% rally in the last week and a new record price of $295. This is mainly due to the renewed attention to its chain after Trump launched his own meme token on Solana last Saturday. With liquidity struggling to reach Solana from all other competing chains, Sol saw a large influx of liquidity and demand. This quickly pumped up its price.
Since then, the price entered a shallow correction that saw the price briefly drop to $230 before returning to $260 as of today. As long as the Meme Mania in Solana continues, this will keep and drive the price of Sol higher.
Looking ahead, as Trump meme FOMO has subsided since last week, new meme tokens are being launched daily bringing liquidity to Solana. This is bullish for Sol price and could see it make new price records in the future that could exceed $300.
![SOLUSDT_2025-01-24_12-55-36](https://technicalterrence.com/wp-content/uploads/2025/01/1737727629_594_Crypto-January-24-Price-Analysis-ETH-XRP-ADA-BNB-and-SOL.png)
The post crypto Price Analysis January 24: eth, XRP, ADA, BNB and SOL appeared first on Cryptopotato.
(Tagstotranslate) BNB chain (T) Cardano (ADA) Price (T) ethereum (eth) Price (T) Ripple (XRP) Price (T) Solana (SOL) Price