This week, a complex picture prevails among US-based cryptocurrencies. While Hedera (HBAR) is losing value, Aerodrome Finance (AERO) is experiencing a rise due to Coinbase integration, and XRP is struggling with ongoing legal uncertainties.
AERO's impressive 44% increase highlights the growing influence of decentralized exchanges (DEX) in the Base ecosystem. In contrast, HBAR is struggling to find strong support around the $0.16 level.
According to COINOTAG data, XRP investors are trying to balance signals of a rise with the uncertainty created by the SEC lawsuit, leading to continued market tracking of the asset.
Hedera (HBAR) Under Pressure at Critical Supports
Hedera Hashgraph (HBAR) showed the weakest performance among US-based crypto assets this week, losing more than 8.5% of its value. Trading below the critical $0.19 resistance since the end of May, HBAR reflects cautious investor sentiment with a 24-hour trading volume of around $102 million.
The technical outlook is deteriorating; short-term Exponential Moving Averages (EMA) are positioned below long-term EMAs, indicating a continuing downtrend. This technical structure increases the likelihood of HBAR re-testing the crucial support area around $0.15.
However, in the event of a potential recovery in momentum, HBAR may encounter resistances at the $0.155 and $0.16 levels. If these resistance points are overcome, there is a chance for the price to aim for targets of $0.175 and $0.183. Investors should be prepared for possible trend changes by closely monitoring trading volume trends and EMA intersections. The current consolidation below $0.19 reveals the impact of both investor sentiment and macroeconomic factors on asset orientation.
Aerodrome Finance (AERO) is on the rise with the Coinbase Base Integration
Aerodrome Finance (AERO) has increased by over 44% this week, bringing its market value to approximately $608 million due to the integration of decentralized exchange (DEX) services on Coinbase's Base chain into the main platform. This development significantly boosted AERO's accessibility and trading volume.
As the dominant DEX on the Base network, Aerodrome holds a critical position in the ecosystem with approximately $1 billion in total locked assets (TVL) and over $750 million in daily trading volume.
Technically, AERO is approaching an important resistance level around $0.80. Breaking this resistance could strengthen the upward momentum and push the price towards the $0.90 level. On the other hand, if the current price level cannot be maintained, there is a risk of a pullback to the support level of $0.679. If selling pressure increases, prices could decline to $0.62, $0.563, or even $0.49.
XRP, Between Legal Uncertainties and Technical Volatility
XRP continues to be an asset where investors are trying to balance promising ecosystem developments with the ongoing legal battle against the US Securities and Exchange Commission (SEC). Despite recent positive signals, XRP is struggling to capture a lasting upward momentum, indicating a cautious atmosphere in the markets.
Legal experts are taking a cautious approach to Ripple's efforts to resolve the SEC lawsuit, leading to uncertainty in XRP's price movements. Technically, XRP's Exponential Moving Averages (EMA) are trending downward; short-term averages are below long-term averages.
If the critical resistance at the $2.28 level is breached, XRP may signal a technical recovery by rising towards the $2.33 and $2.48 levels. However, if this resistance level cannot be surpassed, selling pressure may increase again, pulling the XRP price down to the support around $2.05.
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