5 Coin Weekly Forecast | BTC ETH XRP BNB ADA

2023-09-18, 02:57

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/1690791888top5cryptoprediction.jpeg)
## TL；DR
In the past week, after experiencing a slight decline last week, the crypto market has shown a trend of upward volatility in most mainstream tokens. However, the overall price rebound is not significant, and the volatility trend is still the mainstream trend in the current market. At present, the top five cryptocurrencies in the total market cap of the crypto market are <a href="/id/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> (BTC), <a href="/id/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> (ETH), Binance (<a href="/id/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a>), Ripple (<a href="/id/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a>), and <a href="/id/price/cardano-ada" target="_blank" class="blog_inner_link">Cardano</a> (ADA).

In the past Friday, major tokens have shown a fluctuating upward trend. 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 2.87% this week and is currently closing at around $26,514.96. Bitcoin has broken out of a price trend of first falling and then rising this week, with its lowest point falling below $25,000. This is due to the impact of news on the entire crypto market. The FTX bankruptcy liquidation has brought some adverse effects, but this downward trend is not sustainable. The subsequent volatility and upward trend also indicate that this is consistent with last week's prediction. Compared to other mainstream currencies, the price of Bitcoin has shown a more obvious recovery trend, and it has now returned to around $26,500. The upward trend of volatility is expected to continue.

Presently, whether the price of Bitcoin can further rebound to $27,000 is crucial compared to the price before the recent market downturn. Unlike the price before the recent market downturn, Bitcoin has a relatively large upward potential in the following period of volatility. However, it is still difficult to return to the $28,000 level.

Analysis shows that the current crypto market is showing a clear trend of volatility and recovery. Bitcoin, as a big cake, can represent typical situations of rising or falling. The rise and recovery within a week is relatively significant, but the magnitude is relatively small. There are two key price levels for Bitcoin in the next week, namely $26,200 and $26,800, which correspond to support and resistance levels, respectively, The corresponding trend fluctuations are likely to occur within these two price ranges.
![](https://gimg2.gateimg.com/image/article/16950057389351695005629_.pic.jpg)
Bitcoin Price Data (Data Courtesy of CoinMarketCap)
## Ethereum（ETH）
Ethereum rose 0.82% this week and closed around $1,625.56. During this week, the trend of the Ethereum currency has experienced significant fluctuations, with a low point below $1,550 and a high point exceeding $1,650. From an overall perspective of the week, $1,610 has become a key price level for this week.

At the beginning of this week, the entire crypto market was affected by the news. After a rapid decline in Ethereum, it rebounded again, with a more pronounced volatility trend. However, the current price has already fallen, and the trend may not continue to rise in the coming week.

Analysis shows that the volatility trend is still mainstream, and the situation of Ethereum within a week is in line with the overall trend of the crypto market. The sustained volatility in a small range is still mainstream, and the $1,650 price level is still a key resistance level for Ethereum.
![](https://gimg2.gateimg.com/image/article/16950057629361695005642_.pic.jpg)
Ethereum Price Data (Data Courtesy of CoinMarketCap)
## Binance（BNB）
BNB rose 1.90% this week and closed at $216, with little change compared to last week's closing price. However, like other mainstream tokens, the price fluctuation trend is significant. This week, the low point of BNB has dropped below $205, and the current price of $216 is relatively high.

Analysis suggests that after experiencing a rapid decline in the overall market at the beginning of this week, although the price of BNB quickly rebounded, it mostly showed a fluctuating trend and the upward trend was relatively slow. As a utility token, BNB can reflect some of the characteristics of the current crypto market, and the relatively stable price fluctuations also indicate the lack of liquidity in the current market. Compared to the closing over the weekend, the actual increase or decrease in the price of BNB is not significant. Currently, $220 is a key resistance level for this currency.
![](https://gimg2.gateimg.com/image/article/16950057809371695005658_.pic.jpg)
BNB Price Data (Data Courtesy of CoinMarketCap)
## Ripple（XRP）
XRP rose 0.04% this week to close near $0.497. The price of XRP has also experienced significant ups and downs this week, with the closing price returning to the initial level of around $0.5 this week. With the impact of the news, the probability of XRP maintaining a small fluctuation trend in the future is relatively high.

Analysis suggests that XRP has reached a relatively critical price level. Although the currency often showed a downward trend due to profit-taking in the previous weeks, the $0.5 price level first fell and then rose, with a higher probability of maintaining a stable state. Of course, the corresponding two key price levels are $0.52 and $0.48, corresponding to resistance and support levels, The corresponding upward and downward trends depend on the performance of the coin prices in these two positions.
![](https://gimg2.gateimg.com/image/article/16950057999381695005674_.pic.jpg)
XRP Price Data (Data Courtesy of CoinMarketCap)
## Cardano（ADA）
The ADA rose 0.33% this week to close at $0.2482. The price of ADA has also experienced a significant upward and downward trend this week, with a low point below $0.238 and a high point exceeding $0.254. However, the closing price returned to its closing position last weekend, which can be seen as a significant fluctuation.

Analysis suggests that the performance of ADA is in line with the overall volatility of the market. Still, due to its role in the proof of blockchain equity, there are many related DApps and contract types. Therefore, the price fluctuation of ADA has changed significantly this week, due to the obvious trend of overall market volatility.
![](https://gimg2.gateimg.com/image/article/16950058269391695005691_.pic.jpg)
ADA Price Data (Data Courtesy of CoinMarketCap)
## What is to come?
The price performance of BTC, ETH, BNB, XRP, and ADA this week is generally in a volatile upward trend compared to last week. This is because the crypto market has been greatly affected by the news this week. Due to its unsustainable nature, the opening and closing movements of mainstream coin prices are not particularly large, and the probability of maintaining volatility next week is high.

<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>

Konten

Credit Ranking

Complete Gate Post tasks to upgrade your rank