The Trump administration is refocusing attention by establishing new tariff agreements with several countries. The United States is set to announce tariffs on most countries by August 7th.
So far, Trump's tariff announcements have impacted stock and cryptocurrency markets, and this trend is expected to continue. BeInCrypto analyzed three US-based coins that could experience significant price fluctuations.
Injective (INJ)
The INJ price has risen 10% in the past 24 hours, benefiting from a bullish market. The Relative Strength Index (RSI) has moved above the neutral point of 50.0 into the bullish zone, indicating increased buying interest and potential for further gains. Altcoin movement.
With the RSI showing bullish momentum, INJ has recovery potential. If the price can convert the $14.14 resistance to support, it could rise to $15.42. This would help the altcoin recover recent losses and strengthen its upward momentum in the broader market.
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However, if selling pressure increases and investors decide to close positions, INJ could fall below the $13.01 support level. A drop to $12.09 could follow, and if this support fails, it could invalidate the bullish outlook for INJ and signal a potential further decline.
Stellar (XLM)
XLM price has risen 13% in the past 24 hours, becoming one of the top-performing altcoins. Trading at $0.4166, this altcoin is below the $0.4245 resistance. This suggests a potential breakout if broader market conditions remain favorable and support the bullish trend.
The 50-day Exponential Moving Average (EMA) provides strong support, indicating broader market momentum is bullish. This support could push XLM to $0.4450, with further gains potentially driving it to $0.4701. If market conditions remain favorable, this could confirm the continuation of a positive trajectory.
However, if market conditions deteriorate, especially with the upcoming August 7th announcement, XLM might fail to break through $0.4245. In this case, the price could drop to $0.3597, and losing this support could invalidate the bullish outlook for XLM, signaling potential decline risks in the coming days.
Zebec Network (ZBCN)
ZBCN is an emerging altcoin in the US that rose 27% last week. Currently trading at $0.0051, it is just below resistance levels at $0.0057 and $0.0052. These resistance points are crucial for potential short-term upward movement depending on market conditions.
The Squeeze Momentum indicator is signaling a bullish momentum and squeeze release, with bars indicating positive pressure. This suggests ZBCN is experiencing a strong bullish trend and could help the altcoin break through the $0.0057 resistance. If successful, the price could surge to $0.0059.
However, if investor sentiment turns negative or the trade war impacts market conditions, ZBCN could face selling pressure. In such a scenario, the price could drop to $0.0047 and potentially further to $0.0041, invalidating the bullish outlook for ZBCN.
