Will The Pressure Hold For OKB, Humanity Protocol, and Kite After Bitcoin Slips Amid Extended US-Iran War
The post Will The Pressure Hold For OKB, Humanity Protocol, and Kite After Bitcoin Slips Amid Extended US-Iran War appeared first on Coinpedia Fintech News
- Bitcoin faces 2% reversal from the 50-day EMA on Thursday, Slips below $71000.
- The surge in altcoins OKB, Human Protocol, and Kite continues to raise concerns.
- Wll the pressure hold for Ethereum, XRP, and these altcoins as the US -Iran War extends?
Top Cryptocurrencies Bitcoin, Ethereum, and XRP showed cautious trading, with a roughly 2% pullback near their respective key support levels on Friday. BTC was trading below $71,000, ETH price remained above $ 2,000, and XRP was in sideways consolidation.
Other top-performing cryptos today are OKB (26%), Human Protocol(30%), and Kite(21%), which have spiked, making it to the top coins of the day list.
OKB Must Close Above 200-D EMA To Sustain.
OKB exchange native Coin OKB moved nearly 3% since yesterday, adding to its 24% surge from the previous day. This surge was fueled by an Investment of $25B by the New York Stock Exchange’s parent company, Intercontinental Exchange.
As we see in OKB/USDT daily chart, the declining EMA’s leave a bearish sentiment. OKB coin needs a strong close above its 200D EMA level at $104 for a sustain uptrend. This closing can send it straight to its 50% Retracemenr level at $124.
RSI at 70 shows the coin is overbought zone, but MACD is in bullish side as it crosses the Signal line and a wide histogram.
Currently trading at $97.30, with the increased positive momentum around OKB, it is going to continue the rally. If rejected at any level, it will seek the 50-d EMA as its next at $87.
Humanity Protocol Remains Bullsh
Humanity Protocol extended roughly 4% today to its Thursday gains of 43%. The H has extended its gains above the 200-d EMA and other EMAs, eyes continue to rally as RSI at 57 has reversed from hitting the oversold zone.
H/USDT attempted the $0.2, and is likely to surpass. If invalidated, it could test $0.13 50% retracement level.
KITE Coin Bulls Are Strong
KITE Coin stands as the flag bearer of AI Coin in recent trading sessions as all the AI Coins seem to be underperforming. KITE on Friday is up 25%, showing increased buyer dominance.
The KITE/USDT price chart shows its upward momentum since its launch. The asset is now extending gains above the 200-D EMA and others.
Open Interest in futures surges to 35% to $102.48 million, indicating new positions opening in parallel with the rally.
With the RSI moving toward the overbought zone, the KITE price may face rejections, but the rally continues. Invalidating this can bring it to its first resistance at $0.23.
