HBAR, OP, INJ and RUNE could continue to attract buyers if Bitcoin stays above $25,000
) turned down from the overhead resistance at $0.078 on Aug. 15, indicating that bears are active at higher levels. However, a minor advantage in favor of the bulls is that the buyers purchased the dip to the 50-day SMA .Both moving averages are sloping up and the RSI is in the positive zone, indicating that the buyers have the upper hand. The bulls will again try to push the HBAR/USDT pair to the overhead resistance at $0.078. If this obstacle is surmounted, the pair may surge to $0.
If the price turns up from the current level, it will suggest that the bulls are trying to flip the moving averages into support. Buyers will then make one more attempt to overcome the barrier at $0.070. If they do that, the rally may reach $0.075. Contrary to this assumption, if the price turns down and plummets below the uptrend line, it will suggest that bears have seized control. The pair may first fall to $1.21 and then to $1.09.The 4-hour chart shows that the bears are trying to stall the recovery at the 50-SMA. If the price closes below the 20-EMA, the next stop is likely to be the uptrend line. A break below this support could indicate the start of a deeper fall.
A rise above the 50-day SMA could signal that the bulls are back in the driver’s seat. That could clear the path for a potential rally to $10. This positive view could invalidate in the near term if the price turns down and breaks below the uptrend line. The INJ/USDT pair may then slump to $5.40.The 4-hour chart shows a strong bounce off the uptrend line, indicating that the bulls are fiercely protecting this level. The recovery is likely to face selling at the overhead resistance at $8.33.
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