Weekly Crypto Market Recap: BTC, ETH, XRP, SOL, SUI, and DOGE

Bitcoin reclaims $97K, Ethereum struggles, and XRP sees a sharp reversal—how did the crypto market perform this week? Let’s find out.

Bitcoin (BTC) Recap

Bitcoin has experienced a volatile week, with its Open Interest declining since mid-December, reflecting uncertainty among traders. Funding rates have oscillated between slightly positive and negative, suggesting that both long and short positions have been liquidated multiple times.

BTC rejected the $105K-$106K resistance level and later collapsed below key horizontal supports at $98,900 and $95,700, following the Trump tariff news. However, it found support at $91,700 and recovered well after trade deals progressed with Canada and Mexico. The price is now holding above $98,900, turning this level into a new support zone.

What’s Next for BTC?

  • Holding at the upper end of the range ($91K-$107K) is a positive sign.

  • A return to $102K seems likely in the short term.

  • Further downside is expected in the coming weeks, with a potential retest of $95K before another attempt to move higher.

Ethereum (ETH) Recap

Ethereum saw a 16% drop in Open Interest, confirming a large leverage washout event. Funding rates were deeply negative on Monday but have since flipped slightly positive, though market indecision remains evident.

ETH attempted to break out at $3,480 but failed, leading to a decline to $3,280, which also couldn't hold. The price fell below $2,420 during the capitulation event but has since rebounded and is now stabilizing around $2,700. The $2,600 support and $2,875 resistance are key levels to watch.

What’s Next for ETH?

  • Expect range-bound movement between $2,600 and $3,050.

  • No major breakout expected in the near term.

  • A retest of $2,300 levels could provide a potential buying opportunity.

XRP Recap

XRP’s Open Interest dropped from $6B to $2B, indicating heavy liquidations. Its price surged past $3.00 but later plummeted to $1.50, reflecting strong selling pressure and market indecision.

XRP bounced from $1.80, closing the week 24% lower, marking a sharp correction. While it has recovered to $2.30, sellers remain in control. The next support levels lie at $2.00 and $1.60, with potential further downside if buyers fail to hold these levels.

What’s Next for XRP?

  • XRP has started a major correction phase, which may last for weeks.

  • A retest of $2.00 and $1.60 levels could attract buying interest.

  • The market needs time to digest recent losses before another bullish move.

Solana (SOL) Recap

SOL's Open Interest spiked but then dropped sharply, continuing its downtrend since early January. Funding rates fluctuated, showing traders struggling with price action.

Solana rebounded to $215 but faced strong resistance at $220. Currently, the price has dropped to $190, with key support at $182. The RSI remains below its moving average, indicating further downside potential.

What’s Next for SOL?

  • SOL remains in the lower end of its $200-$260 range.

  • Holding above $200 is critical, but a drop to $180 is possible.

  • A bullish reversal requires a breakout above $220; until then, downside pressure remains.

SUI Recap

SUI’s Open Interest collapsed from $1.5B to $700M, signaling a major flush-out of leverage. Funding rates turned negative (-0.036), meaning traders were paying to short the asset—often a signal of short-term reversals.

Despite this pullback, SUI remains one of the strongest assets in the market, having surged 1,000% since August. Unlike many altcoins, SUI has been bullish against BTC, indicating strength.

What’s Next for SUI?

  • This pullback is healthy and necessary for a continued uptrend.

  • If SUI revisits recent lows, it presents a high-conviction buying opportunity.

  • It has yet to break market structure on the monthly timeframe, reinforcing its long-term bullish outlook.

Dogecoin (DOGE) Recap

DOGE has been in a steady downtrend since December, recently breaking below the key $0.30 support. It wicked to $0.20 during the Sunday/Monday sell-off before rebounding.

Now, DOGE is range-bound between $0.22 and $0.30, with minimal upside until it reclaims $0.30. RSI is nearing oversold territory, hinting at a possible relief bounce.

What’s Next for DOGE?

  • No major upside expected unless it reclaims $0.30.

  • A move to $0.29 is possible due to RSI bullish divergence.

  • DOGE was one of the last memecoins to break down, meaning further downside is possible before a sustained recovery.

Final Thoughts

This week showcased significant volatility across major cryptocurrencies, with liquidation events shaking out weak hands. While BTC and ETH remain range-bound, SUI continues to show strength, and SOL needs to reclaim key levels for a bullish reversal. XRP and DOGE still face downside pressure, requiring patience before any significant move higher.

As traders prepare for next week, expect more short-term shakeouts before any sustainable recovery. Key support and resistance levels will determine whether crypto can resume its uptrend or face further corrections.

To navigate these market swings, CoinCROWD is your go-to platform for real-time updates, expert insights, and the latest crypto trends. Stay ahead of the curve and make informed decisions in this dynamic crypto landscape.