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Crypto

Crypto Prices Face Tight Resistance on August 7

Guavy AI Editorial Team
Instruments
XRP TAO SUI
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Crypto prices are facing a tough battle between support and resistance on August 7. SUI, XRP, and Bittensor (TAO) are all experiencing consolidation or declines.

SUI has been trading in a narrow range of $0.671 to $0.680 since Thursday morning. The RSI reading is at 36.096, indicating weak demand, while the Stochastic reading is at 25.24, showing limited price strength. A break above $0.680 could send SUI toward $0.687.

XRP has broken below its former support of $1.034 and is now testing the crucial $1 level. The RSI stands at 28.601, placing XRP in oversold territory, but an oversold RSI can precede a short recovery. A break below $1 could send XRP toward $0.90.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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