Crypto Market Meltdown: Will These Coins Sink or Swim?

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This Friday, we descend into the gilded hellscape of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid, where fortunes rise and fall like the fashion sense of a man who’s run out of socks.

Ethereum (ETH)

Ethereum, that most dignified of digital assets, had a week so flat, one might mistake it for a poorly ironed cravat. Closing up 1%, it managed to defend the key support at $1,800 with the grace of a man clinging to his dignity at a dinner party. Sellers, meanwhile, appear to have forgotten how to waltz, their momentum fading like a candle in a draughty ballroom.

The current resistance levels-$2,000 and $2,400-are as tantalizing as a half-eaten soufflé. After four weeks of red ink, a relief rally seems inevitable, though whether it will test these levels or simply collapse under the weight of expectation remains to be seen.

Looking ahead, Ethereum may be completing its second leg down in an ABC correction, a dance as tragic as a Shakespearean protagonist with poor life choices. Bulls, if they exist, will make their entrance once $2,000 is reclaimed, or perhaps not at all. Hope springs eternal, or at least until the next bear raid.

Ripple (XRP)

XRP closed the week up 5%, a modest gain akin to winning a fiver at the dog races. Yet this was not enough to turn the chart bullish, for the attempt to breach $1.6 was rejected with the enthusiasm of a butler refusing to serve tea to a drunk guest.

This rejection, a bearish signal as clear as a foghorn in a thunderstorm, suggests the downtrend may yet continue. A retest of $1.4 and even $1 looms, like a horrid family portrait that refuses to be forgotten.

Looking ahead, the sell momentum remains unshakable, a juggernaut of despair. Watch $1.4 closely; it may yet reveal whether XRP is doomed to a life of mediocrity or will finally find redemption in the abyss.

Cardano (ADA)

ADA clings to the $0.28 support like a man in a lifeboat with a bottle of gin. A 6% weekly gain is a flicker of hope, but it may soon be snuffed out, with $0.24 looming as the next refuge. A 50-cent price tag remains a distant dream, as elusive as a tax refund.

ADA’s price action mirrors XRP’s, a duet of despair. Sellers and buyers duel at key supports, a chaotic ballet of greed and fear. A decisive move is inevitable, though whether it will be a triumphant leap or a clumsy stumble remains unclear.

Looking ahead, ADA’s year thus far has been as disappointing as a soufflé that collapses before reaching the table. Only a price above 50 cents might hint at salvation, though bulls should prepare for a long, arduous climb.

Binance Coin (BNB)

Binance Coin, that most steadfast of tokens, clung to the $580 support like a man holding onto a barstool at closing time. A 3% gain is a minor victory, but sellers remain on the sidelines, perhaps nursing hangovers or plotting their return.

The resistance at $690 remains untested, a fortress too formidable for even the boldest bulls. Buyers, however, are showing glimmers of courage, a faint hope that the market might yet remember their names.

Looking ahead, BNB’s fate hinges on whether it can hold its ground or succumb to the gravitational pull of $500. Either way, the coming weeks promise drama, suspense, and the occasional expletive.

Hyperliquid (HYPE)

HYPE closed the week in the red, a 5% loss that would make even the most optimistic investor reconsider their life choices. Rejected at $36 and $30, buyers now face the grim prospect of $26, a level that smells of desperation and bad decisions.

If $26 falls, HYPE may yet make new lows, a feat as depressing as a lost bet on a horse named “Bankruptcy.” Conversely, if it holds, it could spark a rally, though such optimism is as fleeting as a summer romance in the rain.

Looking ahead, this cryptocurrency is in a prolonged sulk, a period of reflection that may yet yield wisdom-or at least a few more headlines. Patience, dear reader, is the only virtue left in this market.

 

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2026-02-20 11:26