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

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

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

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.

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