Dex-Trade Weekly Market Analysis: Key Crypto Trends for February 10–16, 2025
This week, the cryptocurrency market displayed mixed trends. Bitcoin faced a slight decline, while Ethereum remained stable around key support levels. XRP, Solana, Cardano, and Dogecoin showed significant volatility, presenting opportunities for both traders and long-term investors. Let’s dive into the market performance of the top assets.
Bitcoin (BTC)
Price: 96,133 USDT
Weekly Range: 94,800 – 97,600 USDT
Bitcoin experienced a slight decline, losing 0.25% over the week. After testing the 97,600 USDT resistance, BTC retraced to 94,800 USDT before recovering to above 96,000 USDT. Increasing trading volume indicates heightened market activity, suggesting potential price movement ahead.
BTC Price Chart
Ethereum (ETH)
Price: 2,683 USDT
Weekly Range: 2,550 – 2,750 USDT
Ethereum remained in a sideways range, fluctuating between 2,550 and 2,750 USDT. The asset briefly spiked to 2,750 USDT but failed to hold the level. ETH currently trades at stable support, awaiting the next breakout opportunity.
ETH Price Chart
XRP
Price: 2.65 USDT
Weekly Range: 2.40 – 2.80 USDT
XRP initially surged, testing the 2.80 USDT resistance, but failed to sustain its gains and retraced to 2.65 USDT. Strong demand remains, suggesting a possible retest of resistance in the coming days.
XRP Price Chart
Solana (SOL)
Price: 188 USDT
Weekly Range: 180 – 210 USDT
Solana started the week strong, climbing to 210 USDT before entering a downtrend and closing at 188 USDT. Rising trading volumes could indicate accumulation before the next price movement.
SOL Price Chart
Dogecoin (DOGE)
Price: 0.260 USDT
Weekly Range: 0.245 – 0.275 USDT
DOGE showed solid growth mid-week, reaching 0.275 USDT, before pulling back to 0.260 USDT. Increased trading activity suggests a potential upcoming price shift.
DOGE Price Chart
Cardano (ADA)
Price: 0.789 USDT
Weekly Range: 0.760 – 0.820 USDT
ADA saw a strong rally early in the week, hitting 0.820 USDT before dropping to 0.789 USDT. The key support level at 0.760 USDT will be crucial in determining future movements.
ADA Price Chart
Conclusion
The cryptocurrency market remains highly volatile, offering opportunities for both short-term traders and long-term investors. Bitcoin and Ethereum are struggling to hold key levels, while altcoins are experiencing local price swings. Will we see a strong upward move next week?
Stay updated with Dex-Trade for the latest market insights!
