U.S.-made cryptocurrencies show mixed signals this week, with Hedera ($HBAR ) and Aerodrome Finance ($AERO ) and $XRP
Eyes are on it for various reasons. HBAR is the worst performer among cryptocurrencies, having declined by more than 8.5% over the past seven days, struggling to maintain a price below $0.19.
In contrast, AERO has risen by more than 44%, driven by integration with B,ase and strong supply chain activity. At the same time, XRP remains a focal point for investors, as they evaluate positive developments in the ecosystem against the ongoing legal uncertainty with the U.S. Securities and Exchange Commission.
Hedera (HBAR)
Hedera has declined by more than 8.5% over the past seven days, making it the worst-performing asset among the top 10 U.S.-made cryptocurrencies.
Over the past twenty-four hours, it recorded a trading volume of around $102 million, remaining below $0.19 since May 28, reflecting ongoing downward pressure on the asset.
HBAR Price Analysis.
The technical situation for HBAR remains weak, as the short-term exponential moving average (EMA) lines are positioned below the long-term EMA lines, indicating a prevailing downward trend.
If this downward trend continues, HBAR may face the risk of re-testing the key support level at $0.15. However, if the trend reverses, the currency may first challenge the resistance level at $0.155 and $0.160.
A continued breakout above these levels could open the way for further gains, with potential targets at $0.175 and $0.183.
Aerod,rome Finance (AERO)
Aerod,rome Finance has emerged as one of the best-performing altcoins in recent weeks, achieving gains of over 44% in the past seven days, pushing its market value to nearly $608 million.
As the leading decentralized platform on B,ase, Aerod,rome currently manages nearly $1 billion in total value locked, and over $750 million in daily trading volume, reinforcing its position at the heart of the B,ase ecosystem.
AERO Price Analysis.
Technically, the price of AERO is now approaching a critical resistance level at $0.80. If this level is breached, momentum could quickly push the price towards $0.90.
However, failing to maintain current levels could lead the currency to retreat to its nearest support level at $0.679.
If selling pressure intensifies, a deeper pullback could push the price of AERO further down to $0.62, $0.563, or even $0.49.
XRP
Despite a series of positive developments surrounding Ripple, XRP has not recently gained strong momentum.
However, market sentiment remains cautious, as investors await the outcome of Ripple's last opportunity to settle its lawsuit with the U.S. Securities and Exchange Commission, following a revised request that legal experts believe may not be strong enough to overturn the current ruling.
XRP Price Analysis.
Technically, the exponential moving averages (EMAs) for XRP are still in a downward position, with the short-term lines positioned below the long-term lines.
If XRP can breach the key resistance level at $2.28, it may pave the way for further gains towards $2.33 and $2.48, indicating a significant technical reversal.
However, if the rise falters and the price breaches the resistance level, XRP may face renewed selling pressure and retreat towards the support area at $2.05.
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