Crypto Price Analysis for August 30: ETH, XRP, ADA, BNB, and SOL
2024-08-30
Bittime - Complete analysis of the latest crypto prices, including Ethereum (ETH), Ripple (XRP), Cardano (ADA), Binance Coin (BNB), and Solana (SOL). Find market movements, support and resistance levels, as well as potential future trends amidst market volatility.
Ethereum (ETH) Crypto Price Analysis
Ethereum price managed to recover some of its recent losses and surged towards $2,600 again, but stalled there and pushed south around $100. So far, buyers have managed to maintain the support level at $2,400.
The crypto asset was stuck in a large range between $2,400 and $2,800 in August. The asset has stayed between these key levels without being able to cross them.
Ripple (XRP) Crypto Price Analysis
Additionally, XRP fell 6% from its low of $0.54 this week, and closed down 6%. Sellers have regained control of the XRP market and stopped the recorded increase. Currently, the token is back at $0.56. Since the drop in early August, volume has remained low.
Cardano (ADA) Crypto Price Analysis
After dropping sharply below $0.37 mid-week, ADA headed south again in the last twelve hours or so.
As long as buyers can sustain the asset above the $0.37 support, it is generally bullish and there is a high probability of a sustained recovery. However, it no longer exists, and ADA is now $0.35.
Read Also: PEPE Memecoin Price Prediction
Binance Coin (BNB) Crypto Price Analysis
Despite a dip earlier this week, Binance Coin, which is somewhat similar to Cardano, managed to hit a higher low.
However, with buyers a little shy of late, BNB closed the week with a loss of 9%. During this week's correction, major support was not tested below $500.
Solana (SOL) Crypto Price Analysis
After rallying late last week, Solana was halted by major resistance at $164. The subsequent rejection led to closing the week down 5%. Support is currently at $134, and buyers are showing interest before this level can be tested.
Conclusion
The cryptocurrency market is experiencing volatility, with the prices of Ethereum (ETH), Ripple (XRP), Cardano (ADA), Binance Coin (BNB), and Solana (SOL) all experiencing declines.
BNB and SOL prices also fell, but remained above important support levels, so buyers should defend support levels to prevent further declines.
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Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.
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