Balancer and Haven Protocol prices are under pressure. From their respective technical analyses, BAL/USDT may fall to $22, while XHV/USDT could reach $11. Haven Protocol (XHV) The Haven Protocol runs on XHV, launching on the privacy-focusing Monero platform. It acts as an off-shore bank account, facilitating the creation of synthetics. Past Performance of XHV Losses versus BTC and USD have been profound on the last trading day. However, it is down marginally versus ETH. Even so, the spike in trading volume may suggest either users exiting their longs or the end of yesterday’s climactic sell-off, marking the beginning of a correction higher. Day-Ahead and What to Expect Overly, the XHV/USDT technical analysis suggests selling pressure. Accordingly, every pullback may provide an unloading opportunity for sellers. Notably, losses of May 19 pushed prices below $15 to $11, key reaction levels in the last two months. XHV/USDT Technical Analysis The Haven Protocol prices are under pressure. As bears take charge, aggressive traders can unload on pullbacks with immediate targets at $15 and $11 in a bear trend continuation pattern. Technically, sellers will be in charge of proceedings provided XHV/USDT prices trend inside the May 19 conspicuous bear bar and the middle BB—the flexible resistance line. Balancer (BAL) The AMM in Ethereum functions as a self-weighing portfolio allowing auctions and liquidity provision. Past Performance of BAL Overly, BAL is cratering, losing ground versus USD, BTC, and ETH on the last trading day. Losses of May 19 were climactic and marked with relatively high trading volumes in a re-calibration. Amid the fear in the market, BAL/USDT prices are relatively stable and propped by a surge in participation. Day-Ahead and What to Expect Sellers are in the driving seat as per the BAL/USDT technical analysis in the daily chart. Although there are hopes, following May 20 stabilization, price action is fragile. From the daily chart, prices are now trading below a main support trend line, breaking off from a two-month consolidation traced to early March 2021. In addition to this, the breakout is with high trading volumes, a marker of selling confidence and confirmation of the last two months of distribution. BAL/USDT Technical Analysis BAL is fragile, and sellers in control. In a bear breakout pattern with high trading volumes, every pullback may see BAL prices dump. The first bear target for BAL/USDT sellers stands at $22—the 78.6 percent Fibonacci retracement level of the Q1 2021 trade range.
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