Cryptocurrencies Price Prediction: Terra, Solana & Tron — Asian Wrap 13 September

FXStreet Team FXStreet

LUNA surges by 229% as Terra continues to build on its promise of sustainable development

Terra announced that the company had completely revamped its website during the wee hours of September 13. Despite a staggering 229% rise this week, LUNA is correcting 30%+ on the daily chart. The excessive volatility in the market can end up wiping out the entire growth recorded over the last seven days.

Solana price moves higher, but traders should be cautious for these reasons

Solana price has rallied 25% since the September 7 liquidation occurred. SOL price volume is still relatively low compared to the previous uptrend during the summer. A breach above $48.42 could be the catalyst to a much larger bull run targeting $90.

Tron Price Prediction: Subtle signs of a change of hands

TRX price finds support above the recently breached 8- and 21-day simple moving averages. The Volume Profile Indicator shows the bearish downtrend may have ended. Invalidation of the uptrend thesis is a breach of the swing lows at $0.06.

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FXStreet Team

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XRP, ADA, and SOL are vulnerable to deeper losses

The top altcoins, including Ripple, Cardano and Solana, are trading in the red as the broader cryptocurrency market faces downside pressure. The bearish pressure aligns with Citadel Securities' anticipation of a surprise Fed rate hike, which could reduce liquidity in high-risk assets, including crypto assets.

XRP and XLM extend correction as bearish pressure builds

Ripple and Stellar remain under pressure on Tuesday after losing over 4% and over 5%, respectively, the previous day. In addition, weakening momentum indicators and deteriorating derivatives metrics suggest sellers remain in control, raising the risk of further downside for both altcoins. Derivatives data shows a slight bearish tilt.

Bitcoin risks losing $63,000 – FET, SHIB lead losses

Bitcoin edges lower on Tuesday, extending its losses of over 2% from the previous day. The broader crypto market suffered nearly $600 million in liquidations over the last 24 hours amid renewed sell-off pressure. Artificial Superintelligence Alliance and Shiba Inu have emerged as the worst-performing crypto assets in the same time period.

Pump.fun surges following rising revenue and social push

PUMP, the native crypto of token launchpad Pump.fun, saw double-digit gains on Monday, rising to nearly $0.00220, its highest level in about 11 weeks, before easing. The recent gains have stretched its 14- and 30-day performance above 38% and 50%, respectively.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.