Cryptocurrencies Price Prediction: Solana, Hyperliquid & Ondo – Asian Wrap 22 July

Solana Price Forecast: ETF inflows, bullish derivatives signal more upside

Solana (SOL) steadies at $78 on Wednesday, up over 2% so far this week. Institutional demand shows positive signs with SOL spot Exchange Traded Funds (ETFs) recording a second consecutive day of inflow this week. In addition, strengthening derivatives metrics support further gains ahead.

Hyperliquid Price Forecast: HYPE hits a make-or-break zone amid easing demand

Hyperliquid (HYPE) hovers around $60 on Wednesday, capped below its 50-day Exponential Moving Average (EMA) at $62.70. The everything exchange token is losing its retail demand as funding rates fluctuate near zero amid elevated long liquidations. Institutional investors remain on the sidelines, with Exchange-Traded Funds (ETFs) recording $698,040 in outflows on Tuesday, in line with easing buying pressure.

Crypto Market Overview: Bitcoin holds firm as ONDO and GRAM lead rally

Ondo holds firm near $0.4000 at press time on Wednesday, following a 12% surge the previous day. The DeFi token extends a bullish phase after reclaiming both the 50-day and 200-day EMAs at $0.3442 and $0.3789, respectively, which now underpin the broader advance. Ondo has enabled traders to use tokenized stocks as collateral on Tuesday. SPYon and QQQon, tokenized versions of the S&P 500 and Invesco's QQQ Exchange Traded Funds (ETFs), can directly back perpetual futures positions without selling or using stablecoins. In addition, Ondo has added nearly $600 million in tokenized stock market capitalization in the last six months.