Ripple (XRP), Cardano (ADA), Binance Coin (BNB), Solana (SOL), Hype (HYPE) and other major altcoins are showing complex movements amid a downward trend and adjustment. These assets are seeking balance between buying and selling pressures at different technical support and resistance levels, with market uncertainty continuing and a wait-and-see sentiment growing.
XRP rose slightly by 1% this week but failed to break through the $2.3 resistance line and continues to trade sideways. With trading volume decreasing over the past month, the upward momentum is likely to reverse, and the support at $2 will be a key variable determining future trends. In the short term, without clear signals of market structure changes, XRP is likely to continue forming a box range near $2.
ADA dropped 6% this week, breaking through the major support line of $0.64. Currently, the price is seeking a new support line in the $0.55-$0.50 range, and if the downward trend continues, it may retest the April low of $0.51. As it has been forming progressively lower highs since the peak of $1.3 at the end of 2024, downward pressure remains significant.
BNB failed to break through the $692 resistance line in late May and is currently experiencing an adjustment phase, with a slight decline of around 1%. The price is exploring direction at the support line between $630 and $600, and falling below $600 could risk losing medium to long-term upward momentum. However, there is a possibility of buying pressure near the $600 line even in a low-volume situation.
Solana is showing intensifying downward pressure. After being rejected again at the $186 resistance line, it fell below $150, strengthening the downward trend. If the current decline continues, there is a risk of falling to $130 or even $118, and a rebound at $130 is essential for a reversal. Particularly, as Solana is a token with an inflation structure, lack of buying pressure could cause a larger decline.
Meanwhile, Hype (HYPE), which had shown a strong trend until recently, has shifted to a sharp decline after breaking its trend line. The current price is $35, more than 20% down from its previous high of $46. It has dropped over 10% this week, with potential rebound points at the $34 and $30 ranges. However, HYPE is still evaluated as a project with solid fundamentals and potential for further increases, with the possibility of re-rising after this adjustment.
As these major altcoins are at their respective technical turning points, a conservative approach is recommended from a short-term perspective. Until the overall market direction becomes clear, it is necessary to prepare for volatility and closely monitor the flow at major support levels.
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