TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

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

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

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.

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

Hyperliquid Price Forecast: Downside risk looms as momentum stretches thin

Hyperliquid Price Forecast: Downside risk looms as momentum stretches thin

Hyperliquid price is trading in the red on Monday, stalling after 10% gains last week. HYPE-focused Exchange Traded Funds recorded their fifth consecutive weekly inflows, projecting steady institutional demand. The technical outlook for HYPE warns of potential downside risk as bullish momentum stretches thin.

Cardano Price Forecast: Strengthening momentum points to cautious upside extension

Cardano Price Forecast: Strengthening momentum points to cautious upside extension

Cardano trades around $0.222 on Monday after rallying over 15% last week. Mixed derivatives data and mildly bullish on-chain metrics point to cautious market sentiment. Meanwhile, strengthening momentum indicators suggest ADA could see further gains if the recovery continues.

Crypto Overview: Bitcoin faces sell wall at $82,850 – Jupiter, Zcash rally

Crypto Overview: Bitcoin faces sell wall at $82,850 – Jupiter, Zcash rally

Bitcoin price tumbles below $80,000 on Monday amid improved odds of a rate hike with the robust US employment data. Institutional demand holds firm with crypto-focused Exchange Traded Funds recording nearly $1.25 billion in inflows last week. Jupiter and Zcash extend gains over the last 24 hours, leading the broader crypto market rally.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC consolidates near recent highs, ETH and XRP defend key bullish supports

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC consolidates near recent highs, ETH and XRP defend key bullish supports

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) maintain a constructive outlook on Monday after gaining more than 3.4%, 4% and 4.8%, respectively, last week. BTC holds steady near $80,000 while ETH and XRP show resilience and defend key support zones. The price action of these top three cryptocurrencies suggests consolidation or a mild pullback before an upside move.
Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.