Cryptocurrencies Price Prediction: Solana, Bitcoin & Pyth Network — Asian Wrap 29 August
|Solana surges on record derivatives interest, $400M treasury, and USDC boost
Solana (SOL) upholds the recovery run above the $200 psychological level on Friday as record-high open interest sparks bullish sentiment. Even the institutional interest in high-performance blockchain continues to increase, underpinned by Sharp's $400 million Solana treasury and the $750 million USDC minted by Circle.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP steadies after recent sell-off
Bitcoin price found rejection from a previously broken trendline on Saturday and declined by more than 5% until Monday, closing below its 100-day Exponential Moving Average (EMA) at $110,883. However, BTC recovered slightly on Tuesday and found support around this level for the next two days. At the time of writing on Friday, it trades around $111,400. If the 100-day EMA at $110,883 continues to hold as support, BTC could extend the recovery toward its next daily resistance at $116,000.
Crypto Gainers: Pyth Network rallies with live US GDP data on-chain, Pump.fun, and POL follow
Pyth Network, the on-chain price layer, grabs the broader cryptocurrency market’s attention as the US GDP data goes live on-chain. Howard Lutnick, the US Secretary of Commerce, announced the shift to blockchain for transparency, showcasing strong economic confidence with a 3.3% rise in US GDP.
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