Crypto Price Analysis: ETH, XRP, ADA, PEPE, and DOGE

• This week, we take a closer look at Ethereum, Ripple, Cardano, Pepe and Dogecoin.
• Ethereum has fallen by 7.4% this week and is now facing the key level of $1,800 as resistance.
• For Ripple, the support at 44 cents has been lost and buyers have retreated to 40 cents as a key point for price reversal.

Crypto Price Analysis May-12

This week, we take a closer look at five popular cryptocurrencies: Ethereum (ETH), Ripple (XRP), Cardano (ADA), Pepe (PEPE) and Dogecoin (DOGE).

Ethereum (ETH)

With the market in the red, Ethereum has fallen by 7.4% this week. In the process, the key level at $1,800 has turned into a resistance. This highlights a major change in the structure and puts bears in control of the price action. The momentum has turned bearish and a test of the key support at $1,660 appears likely in the coming week.

Looking ahead, if the key support at $1,660 holds then Ethereum might maintain its macro uptrend of higher lows. If not then bulls will be put in a very difficult position as that would open up for this cryptocurrency to revisit levels not seen since March 2023 (under $1,500).

Ripple (XRP)

Ripple’s downtrend accelerated this week resulting in an 8% loss in valuation. With the support at 44 cents lost and turned into resistance buyers have retreated to 40 cents level which historically has been a critical point where it pivoted and reversed.

Looking ahead sellers are currently dominating however if buyers return XRP could put an end to its correction.

Cardano (ADA)

The head and shoulders reversal pattern was validated with Cardano falling 8% this past week hitting its 2021 low of 1 cent before bouncing off slightly.

< p >Looking ahead ADA needs to break through 1 cent again or else it risks breaking its trend line from April 2021 risking further losses.

< h2 >Pepe (PEPE) < p > Pepe also fell sharply this past week dropping 8% after forming an ascending triangle which was invalidated with PEPE below 4 cents . < p > Looking ahead PEPE needs to move above 4 cents for any chance of significant gains otherwise it could face further losses .

< h2 >Dogecoin (DOGE) < p > Dogecoin saw some bullishness last weekend but faced rejection near 36 satoshis turning that level into strong resistance . < p > Looking ahead DOGE needs to break through 36 satoshis for any chance of gains otherwise it could fall back towards 25 satoshis , where it found strong support previously .