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Hard Protocol (HARD) and Wanchain (WAN) Technical Analysis: What to Expect?

cryptoknowmics.com 21 August 2021 12:34, UTC
Reading time: ~2 m

The Hard Protocol and Wanchain prices are trending higher. HARD prices may clear $1.2 and rally to $2.6 in the medium term.

Hard Protocol (HARD)

The platform is the first cross-chain money market riding on Kava's rails. HARD is its governance token.

Past Performance of HARD

The token is back to around June 2021 highs in an encouraging drive highlighting the strength of Hard Protocol bulls.

Technically, every low could offer a buying opportunity.

Currently, the HARD crypto price is relatively stable against the USD, BTC, and ETH on the last trading day.

Day-Ahead and What to Expect

Overall, HARD token bulls are in the driving seat.

From the Hard Protocol technical analysis, buyers will likely drive prices above June 2021 highs and $1.2.

This movement will confirm gains of early June in a continuation of the buying trend. Immediate targets for HARD token buyers remain at $2.6—the token's all-time high.

HARD Technical Analysis

Hard Protocol Price Daily Chart for Aug 21

HARD crypto prices are in a critical position.

Patient traders can wait for a drive above $1.2 and June 7 highs before loading.

On the flip side, aggressive Hard Protocol buyers can buy the dips provided prices are above $0.90 in anticipation of more gains.

Either way, HARD bulls have their eyes set on $2.6.

Wanchain (WAN)

The platform is an Ethereum fork. It allows transactions between multiple chains and even private networks. WAN is used as a currency.

Past Performance of WAN

The WAN crypto coin is trading within a bullish breakout pattern, reading from the Wanchain technical analysis in the daily chart.

After a retest, WAN crypto prices could gallop higher in a buy trend continuation.

Presently, WAN coin prices are steady versus the USD on the last trading day.

Day-Ahead and What to Expect

Wanchain crypto prices are on an uptrend.

In a bullish breakout pattern, retracements could offer more opportunities for buyers to double down. It is as long as $0.85 holds.

Any break above $0.95 could further propel WAN towards $1.15 in a buy trend continuation pattern.

Wanchain Technical Analysis

Wanchain Price Daily Chart for Aug 21

WAN/USDT prices are bottoming up and trending above key resistance—now support levels.

At the time of writing, every low above $0.85 may provide an opportunity for aggressive traders.

On the reverse side, gains above $0.95 may offer better entries for the risk-averse.

Immediate buy targets for Wanchain bulls stand at $1.15.

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