Crypto Market Recovers, But Volatility Remains Low Amid Consolidation
The cryptocurrency market continues to show signs of recovery, but volatility remains low. Ethereum (ETH) and Ripple (XRP) were mostly flat this week, with ETH holding above $2,400 and XRP stuck in a range between $1.3 and $1.6.
Cardano (ADA), on the other hand, closed 5% higher after a push from buyers, retesting resistance at $0.23. However, it still needs to break through this level to confirm a bottom under $0.15.
Binance Coin (BNB) held above its support at $690 but failed to distance itself significantly, with momentum decreasing. It is close to making a higher high, which could see the price rally towards $900 next.
Hyperliquid (HYPE) broke above the $85 resistance and closed 4% higher, confirming a higher high and new price record. However, sellers may turn this level into resistance again, and a pullback or correction is expected eventually.