Major cryptocurrencies showed mixed performance this week, with several holding critical support levels. Ethereum closed nearly flat while defending a key support zone, and Binance Coin also steadied. Ripple and Cardano posted modest gains but faced resistance, and Hyperliquid closed the week in the red.
The cryptocurrency market saw a week of tentative consolidation. Ethereum closed with just a 1% gain, with buyers successfully defending the key $1,800 support level as sell momentum faded. Resistance is now positioned at $2,000 and $2,400.
Ripple gained 5% but faced a sharp rejection at the $1.60 resistance level, a bearish signal according to technical analysis. This suggests the downtrend may continue, potentially leading to a retest of support at $1.40 or even $1.00.
Cardano also registered a 6% weekly gain but continues to struggle near its $0.28 support. The asset’s momentum remains bearish, posing a risk of further decline toward the $0.24 support level.
Binance Coin held near the $580 support and closed up 3%, with a noted decrease in selling volume. The next critical resistance for BNB stands at $690, while a failure to hold support could lead to a test of $500.
The Hyperliquid project, trading under the ticker HYPE, closed the week down 5% following a rejection at the $30 and $36 resistance levels. Buyers are on the defensive, and a breakdown below the $26 support could signal new yearly lows.
