Crypto Price Analysis August-14: ETH, XRP, ADA, BNB, and HYPE

If $1 becomes resistance, this will only prolong the current downtrend, which started in August 2025. Since this is also a major psychological level, any loss of support will be costly and see buyers retreat much lower, with the next key support level at $0.80.

Looking ahead, this cryptocurrency has a very low chance of reversing its current downtrend, especially after the price fell from two identical pennants. This only reconfirmed that bears are in total control over the price.

Cardano (ADA)

Cardano started the month well, but now sellers have returned and pushed the price 10% lower this week alone. That’s bad news for bulls, which may have retreated already to the key support at 15 cents.

Should this corrective move continue, then a re-test of $0.15 is very likely. That level has to hold if ADA hopes to avoid new lows. Any weakness there could suddenly see the price spike much lower.

Looking ahead, it appears Cardano could also end up consolidating above the key support if buyers manage to stabilize the price in this area. A consolidation period would be healthy after its prolonged downtrend that started in 2025.

Binance Coin (BNB)

Binance Coin closed the week 3% higher after confirming support at $580. If sellers don’t return here, then BNB has a good chance to continue higher and towards the key resistance at $690.

At the time of this post, this cryptocurrency is trading around $610. As long as the price is above $600, buyers will have an advantage in terms of momentum. However, the buy volume remains low.

Looking ahead, BNB could be forming a large rounded bottom around current levels. That will be confirmed if the price moves above $630. If so, a test of $690 becomes more likely in the future.

Hype (HYPE)

HYPE remained flat on the weekly timeframe and was rejected at the $58 resistance. If nothing changes in the days to come, then the price could revisit the key support at $52.

So far, this cryptocurrency has been making lower lows and lower highs since its all-time high at $76 back in June. Considering its significant rally in the first part of the year, the current correction could also last a while.

Looking ahead, the most decisive level on the chart is found at $52. This key support has stopped sellers from making new lows, but it could be retested again soon, which could be interpreted as bearish. Best to be patient here and follow the price.