5 Coin Weekly Forecast | BTC ETH PEPE XRP SOL

2023-05-01, 00:59

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![](https://gimg2.gateimg.com/blog/1678268270797826871cs2.jpeg)

【TL; DR】
Across the past week, green candlesticks have been present for almost every asset in the top 100 as the market appears to be bouncing back from some recent negative price action. With PEPE leading the pack, soaring by almost 3000%, other inclines have been much more subdued, topping at around 9%. As of the 1st of May, the cryptocurrency market stands at $1.21T, a moderate decline from the previous week, and a -0.07% decline in the past 24 hours.

## <a href="/vi/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> (BTC)
Opening the week at $27.54k, <a href="/vi/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> endured a moderate dip below its 7-day SMA, which forced it deeper into the $27.2k zone. However, on the 26th, BTC quickly rebounded and shot up toward $30k, leading it to a weekly high of around $29,970. BTC then shot down below its 7-day SMA just before the 27th and fell to around $27.53, before shooting back up to the $29.2k threshold. BTC then flew up above $29.6k again on the 28th and began to trade horizontally at an average of $29,387 for the remainder of the week.

Having endured an immensely volatile week, BTC appears to be poised to test the $30k zone once again and to potentially push deeper into this zone. As a result, it is possible that <a href="/vi/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> could end next week above the $30k threshold. In total, BTC rose by 6.8% this past week.

![](https://gimg2.gateimg.com/image/article/168290263311.png)
<a href="/vi/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin price</a> Data (Data Courtesy of CoinMarketCap)

## <a href="/vi/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> (ETH)
Following the immense success of the Shanghai upgrade, the volume of inflows appears to be dwindling, leading <a href="/vi/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> to be thwarted with volatility in the past week. Starting the week just below the cusp of its 7-day SMA at $1,851, <a href="/vi/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> began to move descend progressively into the lower $1,810 zone throughout the 25th and 26th. ETH then began to regain some ground and shot up above the $1,960 threshold, before swiftly descending back toward $1,800. Following this, ETH began to move up to around $1,920 and traded horizontally at around this level for the remainder of the week.

Having deviated from the recent positive growth trajectory outlined throughout April, ETH appears to be geared up for another week of volatility as the bullish push from the Shanghai Upgrade wanes. This could lead it to descend further toward $1,800, provided the momentum results in a negative trading trajectory. In total, <a href="/vi/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> rose by 2.41% this past week.

![](https://gimg2.gateimg.com/image/article/168290265022.png)
<a href="/vi/price/ethereum-eth" target="_blank" class="blog_inner_link">eth price</a> Data (Data Courtesy of CoinMarketCap)

## Pepe (PEPE)
Following an immensely successful opening two weeks, where PEPE soared by over 3,000%, this trend ensued over the past week. Opening the week at around $0.00000003038, PEPE descended beneath its 7-day SMA and dragged itself through this lower boundary until the 29th where it began to gain momentum and perk upward. On the 30th, PEPE accelerated to a weekly high of $0.00000008124 along a steep growth trajectory. PEPE has since fallen moderately but appears to be remaining strong.

Having demonstrated such significant growth since its inception on the 14th of April, it is likely that PEPE will continue this growth trajectory and may begin to test the $0.0000001 zone. Across the past week, PEPE has increased by almost 3000%.

![](https://gimg2.gateimg.com/image/article/168290267033.png)
PEPE Price Data (Data Courtesy of CoinMarketCap)

## <a href="/vi/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a> (<a href="/vi/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a>)
Following an immensely promising Q1 report that detailed the impressive volume and purchasing of <a href="/vi/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a> throughout the first portion of the year, <a href="/vi/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a> has been flung into a state of volatility. Opening the week below its 7-day SMA at $0.46, <a href="/vi/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a> quickly accelerated above $0.48, before quickly fallin below the 7-day SMA once again. The 26th granted <a href="/vi/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a> enough momentum to retest the $0.48 zone before it fell to a weekly low of around $0.44 on a single candlestick. Fortunately, <a href="/vi/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a> was able to regain momentum, which quickly brought it back up to around $0.48 by the 29th. As a result, <a href="/vi/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a> has traded horizontally around this level for the remainder of the week.

Having deviated from the decimating bearish trend that has scathed <a href="/vi/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a>’s performance in recent weeks, <a href="/vi/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a> has seemingly begun to rebound and garner positive community sentiment as a result of data findings. As a result, it is plausible that in the coming weeks, <a href="/vi/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a> could push toward $0.4. Across the past week, <a href="/vi/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a> rose by 2.6%.

![](https://gimg2.gateimg.com/image/article/168290268444.png)
<a href="/vi/price/xrp-xrp" target="_blank" class="blog_inner_link">xrp price</a> Data (Data Courtesy of CoinMarketCap)

## <a href="/vi/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> (SOL)

Across the past week, <a href="/vi/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> has strayed from its recent bearish trend and has begun to demonstrate key signs of price recovery. Entering the week at $21.3, <a href="/vi/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> began to push toward $22, with little avail, which led it to sink below its 7-day SMA until the 26th, where it then pushed upward and began to test the $23 zone.Yet, this momentum was short lived as SOL fell to $20.71. Fortunately, SOL regained some momentum and endured a stepping stone like trading pattern that pushed it above $23.5 and led it to close the week at a weekly high of $23.91.

With the recent volatile downtrend appearing to have been disrupted, it appears as if SOL is pushing toward the $24 target zone, and that provided it can maintain its current bullish price momentum, it could realize this in the coming week and further deviate from its recent bearishness. Across the past week, SOL has increased by 8.7%.

![](https://gimg2.gateimg.com/image/article/168290270755.png)
<a href="/vi/price/solana-sol" target="_blank" class="blog_inner_link">sol price</a> Data (Data Courtesy of CoinMarketCap)

<div class="blog-details-info">
<div>Author:** Matthew W-D**, Gate.io Researcher
<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>

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