This week, we looked at Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Shiba Inu (SHIB), and Sui (SUI) in more detail. XRP’s price increased by 47% in a week and is now close to $1. It broke through key resistance levels up to $0.92 and the current support is at $0.68. In the near future, XRP could reach the $1 level, which would be a significant milestone.
ADA has had an impressive start to November, with a 41% price increase. It is just under the key resistance at $0.6, which could lead to a target of $0.7 if the resistance is broken. There is still plenty of room for ADA to reach higher levels in the future, as its all-time high is at $3. DOGE surprised the market with a 90% price increase in the past seven days.
The current rally reached almost $0.44 before correcting, and the price is now trying to break the resistance at $0.4. If successful, DOGE could target $0.5 and then the all-time high at $0.74. SHIB, another meme coin, saw a 26% price increase, taking it just under the key resistance at $0.000025. If this level is broken, SHIB could target $0.000030 and $0.000045.
The volume has increased significantly in the past week, which is a bullish signal. SUI reached a new record this week, surging by 45% and reaching $3.5. With this recent rally, SUI has entered price discovery, which is a very positive sign. The key resistance is at $3.4, and if this level is broken, the targets are at $4.1 and $5.2.
Overall, these cryptocurrencies are performing well and attracting attention from market participants.
