Bitcoin

CRYPTO

Dogecoin

<p>Weekly crypto analysis reveals that most cryptocurrencies have been trading around the support levels, with bearish momentum dominating the market. Bitcoin and most major altcoins are plummeting, but the charts suggest a recovery could be around the corner. The BTC has dropped below $41k after a considerable sell-off. Buyers appear to be optimistic about the long-term prospects of the newly created Bitcoin exchange-traded funds (<a href="https://www.cryptopolitan.com/spot-bitcoin-etfs-undergo-turbulent-phase/" rel="noopener noreferrer nofollow">ETFs</a>), while sellers are focused on the Grayscale Bitcoin Trust’s $3.4 billion withdrawals.</p>
<p>Ethereum (ETH) has been hit hard by the recent market downturn and is currently trading below $2,300. The selling pressure on ETH has been significant, but it has found support at this level. The BNB token, the native cryptocurrency of the Binance exchange, has also been affected by the market downturn and is trading below the $300 support level.</p>
<p>Solana has been pulling back for several days. The bears strengthened their control by bringing the price below the 50-day SMA of $ 91.XRP, the fifth-largest cryptocurrency by market cap, has also been downward in the past few days, with bulls and bears fighting for control. Dogecoin (DOGE), the meme-inspired cryptocurrency, has also been experiencing a significant drop in its price, with a current value of around $0.079 levels after bulls failed to maintain the $0.085 resistance level. The Cardano (ADA) price has also been steadily declining, breaking below the $0.50 support level following the downward trend.</p>
<h2 class="wp-block-heading" id="btc-usd">BTC/USD</h2>
<p>Bitcoin price analysis shows that BTC has been trading in a bearish trend since the start of the week, with some bullish momentum seen at the start. However, this was short-lived, as bears returned to the market later in the week. The <a href="https://www.cryptopolitan.com/bitcoin-price-forecast/" rel="noopener noreferrer nofollow">BTC/USD</a> pair currently trades around <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow" target="_blank">$40,149 </a>with a 24-hour minimal surge of 0.68%. The overall market sentiment for BTC is still bearish, with the key resistance level observed at $45k and support at $38k.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/xbbCUTEA0OSo7tC3xhY2Sk-8NxDffBkagYdSPZHhvU2ecupB294815H9XdzyGEL8YXqZ-sIyz0VytEsESWq9Yy9GDe3Uzt2LFCTL46CY6fCl6uyhIR9yH4hul_P3KtBn46tYSrRy3rD1_MARULpcjJQ" alt="">
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<p>BTC/USD weekly chart, source: <a href="https://www.tradingview.com/x/wUuZg8SM/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>BTC fell below the 20-EMA and the 50-EMA, indicating a strong bearish trend. The 50-EMA is also below the 200-EMA, with significant downward pressure. The MACD indicator indicates bearish divergence, with the MACD line remaining below the signal line. The Relative Strength Index (RSI) has also been trending down around the 40 levels, indicating a downward trend for BTC.</p>
<h2 class="wp-block-heading" id="eth-usd">ETH/USD</h2>
<p>Ethereum price analysis shows that ETH has been trading below its key support level of $2,300 for the past few days. The second-largest cryptocurrency by market cap currently trades at around <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow" target="_blank">$2,223 </a>with a 24-hour surge of 0.47%. The bearish sentiment for ETH is still strong, with the key resistance level observed at $2,300 and support at $2,000. If bears continue to dominate, a further drop toward the $1,900 level could be seen; however, if bulls manage to take control, ETH could see a push toward the $2,500 level.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/wjDtzL0zsbuy1pLSaxZKUjj3aOLAhO2AqYs00jA4NV9pjN4yANvPXA_fuQ_tq8OdPw2BIo9YMFCs2-0BlULT5Qzo8EfsY4bsOVIB9FqP2sfjezPnkmnPebzO3Ej7tfUwr0ZIcdgX1m90nkbuEJkLyx8" alt="">
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<p>ETH/USD weekly chart, source: <a href="https://www.cryptopolitan.com/ethereum-price-prediction/" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>The MACD indicator shows bearish momentum as it has formed a negative crossover. The RSI is currently hovering near 56, suggesting a neutral market. The 50-weekly MA is below the 200-weekly MA, indicating that the price will likely remain bearish soon. The moving averages have been in neutral territory, meaning ETH could consolidate before making its next move.</p>
<h2 class="wp-block-heading" id="bnb-usd">BNB/USD</h2>
<p>The weekly price analysis for <a href="https://www.cryptopolitan.com/binance-coin-price-prediction/" rel="noopener noreferrer nofollow">Binance</a> Coin (BNB) reveals that bears have controlled the market for the past few days. On January 22, BNB reversed direction from the downtrend line and closed below the 20-day EMA ($305), signaling aggressive selling during rallies.</p>
<p>Over the last five days, the price movement has produced a descending triangle pattern, which will terminate on a break and close below $295. If this occurs, the bears will attempt to pull the stock to the neckline, then to $232. At the time of writing, BNB is trading at <a href="https://coinmarketcap.com/currencies/bnb/" rel="noopener noreferrer nofollow" target="_blank">$293,</a> with a minimal surge of 1.53% in the past 24 hours; however, in the past seven days, BNB has recorded a 5% loss.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/gT7_dCNm3hVsLdyzd3kR4R7RqOkqDUSLelZ6pyA2Bc69OIiA5a6ihodc46g9SyfJ5PA70tdX2OEAJvew40C0iwyzl5mj_tGAKZ5vT8Q8-0rKYpmkOLWw-ykj7_ecdGCgGhJ77rlUZ-v7RZLU70gtjI8" alt="">
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<p>BNB/USD weekly chart, source: <a href="https://www.tradingview.com/x/uOgthzcB/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>The MACD and signal lines have crossed over in a bearish divergence, indicating that bears are still dominating the market and could continue to push the price down soon. The RSI is also currently trending in the neutral zone, suggesting that BNB could see further losses before a bullish trend emerges.</p>
<h2 class="wp-block-heading" id="sol-usd">SOL/USD</h2>
<p>The altcoin <a href="https://www.cryptopolitan.com/solana-price-prediction/" rel="noopener noreferrer nofollow">Solana</a> (SOL) has been one of the top losses this week, with a price decrease of over 7% in the past seven days. SOL is currently trading at $86.58, with a 24-hour loss of 1.07%. The market sentiment for SOL is still bearish, with the key resistance level observed at $110 and support at $70. The coming week will be crucial for SOL, with bulls and bears fighting for control.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/z7T1IKJohKn8qHNyokempbrImDetclaChESjQztUmZHRPWuQNGZjOZZnbqLlszW5uEx188nBWBEMMo5mtSGvCmq5TmbLi0zQm8qF-XciG5eOauYgWpQeXEbfBDzHcRMPaiZVZHhJYAE77ZpVOf_vEC8" alt="">
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<p>SOL/USD weekly chart, source: <a href="https://www.tradingview.com/x/C3giyD02/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>The MACD indicator shows that bears dominate the market, with the signal line above the MACD line. The RSI is currently hovering above 60, indicating a neutral sentiment for SOL. However, if bulls push the price above $100, SOL could recover towards $110; however, if bears continue to dominate, a drop towards $70 could be seen. The 50-weekly MA is also below the 200-weekly MA, indicating that bears are now in control of the market.</p>
<h2 class="wp-block-heading" id="xrp-usd">XRP/USD</h2>
<p><a href="https://www.cryptopolitan.com/xrp-price-prediction/" rel="noopener noreferrer nofollow">XRP</a> price analysis shows that bears have controlled the market for most of the week, pushing the price to record lows. In the past seven days, XRP has seen a -6.70% loss in its value and is currently trading at $0.5133<a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow" target="_blank">,</a> with a 24-hour surge of -0.07%.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/v_b7c0v9q-jF7QkSWeX1xNk3soh4pI5nEdMho0GuU8ALhGETtYsgsKfKm7-4AKSVguPvx7dQmcbR7S9sJKXJh9oMZBTeoVzecAmS7pWVZrRUS04vSt8SopvXgrxm7NRZE4BSgP6w64FieHW7AaqPeCg" alt="">
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<p>XRP/USD weekly chart, source: <a href="https://www.tradingview.com/x/9A4xnttP/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>The MACD indicator also shows that bears dominate, as the MACD line is below the signal line. The RSI has been trending down and is currently brelow 50, which indicates a bearish trend for XRP. The 20-SMA is below the 50-SMA, indicating that the bears still control the market. If bulls push the price above the $0.55 level, XRP could recover towards $0.600; however, if they fail, XRP could break further below its current support level.</p>
<h2 class="wp-block-heading" id="ada-usd">ADA/USD</h2>
<p>According to the weekly price analysis, Cardano (ADA) has been trading within a range of $0.44-0.53 for the past week, with a light downward trend. The coin had briefly crossed below $0.50, only to see it slipping back down again due to strong bearish pressure from the markets. At the time of writing, <a href="https://www.cryptopolitan.com/cardano-price-prediction/" rel="noopener noreferrer nofollow">ADA</a> is currently trading at around <a href="https://coinmarketcap.com/currencies/cardano/" rel="noopener noreferrer nofollow" target="_blank">$0.4705</a>, with the support of the coin being quite weak.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/TYp341O4U5mQjzdr_PTiFmXvIimkBansr7VXGnUwBAaDo-mxBEEqoDJEvP7qR64e2oKUf2P9TW8w4te2xcODyZdqpuzmd2mTPjsa4--tpevp4sQA6rIrOph4xhr0K8zlibasqx_X54tr7a3Af7FY0s4" alt="">
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<p>ADA/USD weekly chart, source: <a href="https://www.tradingview.com/chart/YgGk5lSa/?symbol=COINBASE%3AADAUSD" target="_blank" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>The RSI is close to the 50 levels, indicating that selling pressure is increasing and that further losses could be in store for this currency. The MACD remains bearish, and a break below the $0.45 support level could lead to further declines in the near term. The 20-EMA is moving below the 50-EMA, meaning bears dominate the market.&nbsp; The MACD is also in the red, indicating that bearish sentiment is strong.</p>
<h2 class="wp-block-heading" id="doge-usd">DOGE/USD</h2>
<p>Weekly crypto market price analysis for <a href="https://www.cryptopolitan.com/dogecoin-price-prediction/" rel="noopener noreferrer nofollow">Dogecoin</a> (DOGE) shows that bears have dominated the market, with some bullish pressure emerging on the daily chart. The meme-inspired cryptocurrency currently trades at $<a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow" target="_blank">0.07818</a>, with a 24-hour surge of -0.81% and a seven-day decrease of -0.89%. The bears and bulls have been fighting for control, and the market sentiment is still bearish, with the key resistance level observed at $0.09 and support at $0.07.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/Tln5-T5RED02HOo8NqFuz7_60Im73Pd0d5oXEIqscDZU_l7z0alJDeigXhbmU-_K3gKI6cbXjMIdCC73Jp30D64acBdgt8pRdDjEBXalOyg8ZoQwRUQQhbmAXkcdZH0WWBx1pi025gkz0DPN0PGWvIA" alt="">
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<p>DOGE/USD weekly chart, source: <a href="https://www.tradingview.com/x/xXwac6de/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>The moving averages show a strong bearish trend, with the 20-EMA below the 50-EMA and both below the 200-EMA. The MACD indicator also shows that bears are still in control, as the MACD line is below the signal line. The RSI has been trending down and is currently hovering around 50, indicating a bearish trend for DOGE.&nbsp;</p>
<h2 class="wp-block-heading" id="weekly-crypto-price-analysis-conclusion">Weekly Crypto Price Analysis Conclusion</h2>
<p>In conclusion, despite some minor price surges in certain cryptocurrencies, overall bearish sentiment remains strong in the crypto market. Bulls must work hard to turn the tide and push prices back up, with many major coins trading below crucial support levels. Monitor key resistance levels and market trends for potential trading opportunities in the coming weeks.</p>

WEEKLY CRYPTO PRICE ANALYSIS: BTC, ETH, BNB, SOL, XRP, ADA, And DOGE

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