
{"id":2177,"date":"2024-08-30T05:29:06","date_gmt":"2024-08-30T05:29:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=2177"},"modified":"2024-08-30T05:29:06","modified_gmt":"2024-08-30T05:29:06","slug":"crypto-price-analysis-august-30-eth-xrp-ada-bnb-and-sol","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=2177","title":{"rendered":"Crypto Price Analysis August-30: ETH, XRP, ADA, BNB, and SOL"},"content":{"rendered":"<p>This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/08\/cryptopost_friday_cover.jpg\"><\/a><\/p>\n<h2>Ethereum (ETH)<\/h2>\n<p>This week, Ethereum re-tested the support at $2,400, and so far, buyers managed to defend this level well. On Thursday, ETH managed to recover some of the recent losses and spiked toward $2,600 again but was stopped there and pushed south by around $100.<\/p>\n<p>In August, this cryptocurrency was stuck in a large range between $2,400 and $2,800. The asset has been bouncing between these key levels without being able to have a breakout.<\/p>\n<p>Looking ahead, Ethereum is trying to consolidate and form a base above the key support. If it continues to hold well, then the price can aim higher in the coming days and weeks.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/08\/ETHUSD_2024-08-29_21-46-55.png\"><\/a>Chart by TradingView<\/p>\n<h2>Ripple (XRP)<\/h2>\n<p>XRP also fell to its key support at $0.54 this week and closed with a 6% loss. Sellers have resumed their control of the XRP landscape and have halted the progress charted on Thursday, as the token is back to $0.56 as of now.<\/p>\n<p>Volume remains low, which has reduced volatility since the drop in early August. This allowed the asset to move sideways and consolidate over the past two weeks.<\/p>\n<p>Looking ahead, XRP is still to test the key resistance at $0.68, which is the main obstacle before a sustained rally can start.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/08\/XRPUSDT_2024-08-29_21-47-36.png\"><\/a>Chart by TradingView<\/p>\n<h2>Cardano (ADA)<\/h2>\n<p>ADA fell under $0.37, quickly recovered mid-week, but headed south once again in the past 12 hours or so. As long as buyers manage to keep the asset above the $0.37 support, the bias leans bullish with a good chance of a sustained recovery. However, that has not been the case now, and ADA is at $0.35.<\/p>\n<p>Cardano has made a higher low this week, which suggests buyers are in control despite a turbulent price action on Monday and Tuesday. The current resistance and target is at $0.46 if it manages to reclaim $0.37.<\/p>\n<p>Looking ahead, ADA needs to make a higher high as well to confirm a bullish bias. This will likely attract new buyers. To achieve that, the price needs to move above 39 cents.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/08\/ADAUSDT_2024-08-29_21-47-17.png\"><\/a>Chart by TradingView<\/p>\n<p><span>Binance Coin (BNB)<\/span><\/p>\n<p>Binance Coin is somewhat similar to Cardano and managed to make a higher low despite the drop earlier this week. Still, BNB closed the week with a 9% loss since buyers were a bit shy lately.<\/p>\n<p>The major support is at $500 and was not tested during this week\u2019s correction. This is a bullish signal because it shows buyers came early and did not allow the asset to re-test it. This indicates interests in this cryptocurrency remains high.<\/p>\n<p>Looking ahead, Binance Coin should aim to make a higher high above $600 so that it can reach its current ATH at $700 next.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/08\/BNBUSDT_2024-08-29_21-48-20.png\"><\/a>Chart by TradingView<\/p>\n<p><span>Solana (SOL)<\/span><\/p>\n<p>Solana rallied last weekend but was stopped by the key resistance at $164. The subsequent rejection is why it closes the week with a 5% decrease. The current support is at $134, and buyers showed interest before this level could be tested.<\/p>\n<p>As long as SOL remains between the two key levels, we can consider that it is consolidating and preparing for its next major move.<\/p>\n<p>Looking ahead, should the market turn bullish again in the future, Solana will likely attempt another breakout above $164, which could encourage buyers to take SOL to a new rally for $200 next.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/08\/SOLUSDT_2024-08-29_21-47-55.png\"><\/a>Chart by TradingView<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/crypto-price-analysis-august-30-eth-xrp-ada-bnb-and-sol\/\">Crypto Price Analysis August-30: ETH, XRP, ADA, BNB, and SOL<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) This week, Ethereum re-tested the support at $2,400, and so far, buyers managed to defend this level well. On Thursday, ETH managed to recover some of the recent losses and spiked toward $2,600 again but was stopped there [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":2178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/2177"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2177"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/2177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/2178"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}