Gate.io Blog 5 Coin Weekly Forecast | BTC ETH XRP BNB ADA

5 Coin Weekly Forecast | BTC ETH XRP BNB ADA

28 August 10:47

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![](https://gimg2.gateimg.com/image/article/1690791888top5cryptoprediction.jpeg)
## TL；DR
In the past week, panic sentiment in the crypto market has continued to spread, and the current trend of volatility is still evident after the recent large-scale sell-out of positions across the network causing prices of various mainstream tokens to plummet. The top five cryptocurrencies in terms of total market cap are currently <a href="/es/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> (BTC), <a href="/es/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> (ETH), Coincoin (<a href="/es/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a>), Ripple (<a href="/es/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a>), and <a href="/es/price/cardano-ada" target="_blank" class="blog_inner_link">Cardano</a> (ADA).

In the past week, these five major tokens have shown significant fluctuations and lack clear signals of significant fluctuations. This article will study the performance of major assets, explore the factors that affect their price trends, and conduct corresponding analyses to predict their future short-term price trends.
## Bitcoin（BTC）
Bitcoin has risen 0.31% this week and is currently closing at around $26,155.42. Bitcoin has entered the current price range from a trend expected to break through the $29,500 resistance level after its previous rapid price decline. However, in the past two weeks, the price trend of the token has been relatively clear compared to before, with prices above $26,000 being the mainstream view in the market. Currently, Bitcoin should continue to exhibit a volatile trend within the current price range in the short term.

$26,080 has become a key support level for Bitcoin. Due to the lack of favorable information and the large scale of its sales, its price has also reached a relatively stable range. In the short term, the price change should not be too large, and the market is in a volatile cycle before recovery.

Analysis suggests that in the past week, although the total amount of funds in the entire crypto market has still been in a slightly negative state, short-term fluctuations in Bitcoin still occur frequently. After the fluctuation on the 24th, its price has finally stabilized at its current state. Currently, Bitcoin does lack positive signals in the short term, but achieving a certain range of price recovery through market adjustments is relatively more likely, and further rapid decline is almost impossible. At this stage, it is possible to consider buying and holding.
![](https://gimg2.gateimg.com/image/article/16931907487641693190653_.pic.jpg)
Bitcoin Price Data (Data Courtesy of CoinMarketCap)
## Ethereum（ETH）
Ethereum fell 1.46% this week to close near $1,652.00. During this week, the trend of Ethereum was similar to that of Bitcoin, and after experiencing a slight increase, it quickly fluctuated within the $1,650 price range.

Although Ethereum has not been impacted by much selling, the impact of the overall trend in the crypto market on it is also evident. It continued to decline this week, with a short-term rise on the 24th but failed to break through the key resistance level of $1,700. Subsequently, it stabilized between $1,640 and $1,680, fluctuating back and forth.

Analysis shows that the trend of Ethereum this week is pronounced in box court fluctuations, with small ranges of ups and downs. At present, the price of Ethereum has maintained a fluctuating trend within the range of $1,640-$1,700, and the price change should be relatively small in the short term, which is in a stable cycle before the market recovers.
![](https://gimg2.gateimg.com/image/article/16931907837651693190671_.pic.jpg)
Ethereum Price Data (Data Courtesy of CoinMarketCap)
## Binance（BNB）
BNB rose 0.88% this week and closed at $218.64. BNB initially took on the downward trend of the market last week and then began to fluctuate and increase. Due to its belonging to the category of exchange platform governance tokens, its short-term application value support is strong, so its performance is relatively stable after the price rebound.

Analysis suggests that due to the slight differences in the characteristics of BNB itself compared to Ethereum, its price trend reflects more of the market performance of the exchange platform itself. In the current market situation, the trading and circulation of various types of cryptocurrencies are at a high-frequency horizontal line, so the price-driving effect of BNB is quite significant. This application and the small issuance scale feature make the price fluctuation of the coin relatively smaller and have better stability.

However, from the current perspective, there is still a certain possibility of changes in the price of BNB. It is expected that there will be short-term fluctuations in the price range of $215 to $220, and there is a high probability of subsequent market recovery and price increases.
![](https://gimg2.gateimg.com/image/article/16931908007661693190687_.pic.jpg)
BNB Price Data (Data Courtesy of CoinMarketCap)
## Ripple（XRP）
XRP fell 3.00% this week to close at $0.5249, with little overall trend change.

Analysis suggests that XRP is within a relatively stable price range at the current stage. After a long period of price reversal and a recent rapid decline, the price of XRP has finally fluctuated within the range of $0.51 to $0.54. Even if there is a decline in the future, the magnitude will not be as exaggerated as before.

However, XRP did not break through the resistance level of $0.55, and the current range of $0.52 does not explain much of the problem. It is just a certain price line in the market volatility, and the subsequent market recovery may bring a certain increase.
![](https://gimg2.gateimg.com/image/article/16931908197671693190700_.pic.jpg)
XRP Price Data (Data Courtesy of CoinMarketCap)
## Cardano（ADA）
The ADA fell 2.86% this week to close at $0.2626. During this week, ADA's performance was also very in line with the trend of the crypto market, with a slight rebound in consecutive declines starting on the 24th, followed by a sustained volatile trend.

The protocol behind ADA itself is more commonly used in the security trading field of block networks, and its investment attributes have gradually become apparent in recent market fluctuations.

Analysis suggests that the price fluctuations of ADA remain within a relatively small range, and compared to mainstream tokens such as Bitcoin and Ethereum, its investment attributes are more robust. With the arrival of market volatility cycles, ADA can exist as a relatively more valuable investment product.
![](https://gimg2.gateimg.com/image/article/16931908397681693190723_.pic.jpg)
ADA Price Data (Data Courtesy of CoinMarketCap)
## What is to come?
Compared to last week, the price performance of BTC, ETH, BNB, XRP, and ADA this week has remained within a volatile cycle, with relatively small fluctuations. Although the current crypto market has temporarily stopped its downward trend, the trend of volatility is still evident. However, at the current time point, it can be seen as cyclical fluctuations before the market recovers. Excluding the impact of off-market black swan events, we only look at market cyclical fluctuations. The short-term upward trend of various mainstream currencies in the next two weeks is more obvious.

<div class="blog-details-info">
<div>Author:**Charles T.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

BTC/USDT + 3.94%

ETH/USDT + 9.23%

XRP/USDT + 6.87%

BCH/USDT + 11.26%

TL；DR

Bitcoin（BTC）

Ethereum（ETH）

Binance（BNB）

Ripple（XRP）

Cardano（ADA）

What is to come?

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