After last weekend’s price drop, tokens like Solana (SOL) and Tron (TRX) have found it challenging to come back with any positive price move.
Our analysts dig down into SOL price predictions and whether TRX can reclaim its former glory or if it’s a ghost crypto network.
In other crypto news, The Hideaways (HDWY) hits a 100% gain and are gearing up for more increases in the coming days.
Solana (SOL) Price Analysis
SOL is currently trading at $32 and is down today by -1.6% and -4.8% in the last 7 days.
It has been trading in the range after falling from last week’s high of $39 to its current price. It is below the 200 daily moving average, and the RSI indicator shows that it is currently at an overbought zone which could signal another bearish trend.
The trading volume data shows that the bears are in control of the market by about 50.76%, which may quickly reverse in trend.
Tron (TRX) Price Analysis
TRX is trading at $0.05940 after falling from its last week’s high of $0.06828. Today, TRX is down by -1.56% after opening with a bearish candle on the daily timeframe below the 200 daily moving average.
Trading data from the Binance exchange indicates that in the last 24 hours, the market has been run over by massive sales of about 53.12% of the total money flow. And there’s a bearish continuation pattern on the daily chart to back this analysis.
The rest of the week might be another long pullback for TRX.
As sell pressure grows, there has been an increase of buy pressure in The Hideaways (HDWY) Presale and tracking this wallet shows that about 30% of Tron (TRX) traders who are selling off are buying into The Hideaways (HDWY) Presale
The Hideaways (HDWY) Targets 9500% After Hitting $0.02
Last Friday, as promised, The Hideaways (HDWY) gained a 100% profit despite the tight period in the crypto market, and now, they aim for the 9500% mark by the end of 2022.
The ongoing Hideaways (HDWY) presale has attracted over 1000+ new investors, with over 4000+ interested.
This project is for real investors who want their yield to come from actual revenue, not hyperinflationary tokens.
Liquidity will be locked forever, the team’s tokens locked for 2 years before vesting, and they already have a smart contract audit by the amazing SolidProof team.
The Hideaways (HDWY) price is currently at $0.02, and with new investors onboarding the project, we expect to see more gains of up to 9,500% by the end of 2022.
For more information, check out The Hideaways (HDWY);
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.