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Cryptocurrencies Price Prediction: Tron, Solana & Cardano – Asian Wrap 30 March

Cryptocurrencies Price Prediction: Tron, Solana & Cardano – Asian Wrap 30 March
FXStreet TeamFXStreet TeamFXStreet

Tron Price Forecast: TRX surges as Tron Inc. treasury holdings climb to 689 million tokens, eyes further upside

Tron (TRON) extends its upward move, trading above $0.320 as of writing on Monday after soaring for the fourth consecutive week. The bullish sentiment is further strengthened as Tron Inc. added more TRX tokens to its reserves. Meanwhile, on-chain data and price action suggest further gains for TRX in the coming days.

Solana Price Forecast: ETFs and derivatives data flash caution as SOL recovers

Solana (SOL) price is up over 2% at press time on Monday, staging a minor recovery after four consecutive days of losses, bringing the total to a 5% drop last week. However, institutional confidence in Solana took a hit on Friday with an outflow of roughly $8 million, while derivatives data reflects a bearish stance amid negative funding rates. The technical outlook for Solana is mixed, as the short-term recovery requires a successful daily close to confirm renewed demand.

Cardano Price Forecast: ADA whale accumulation and derivatives data flag cautious recovery

Cardano (ADA) price recovers mildly, trading above $0.24 as of writing on Monday, after a two-week correction. Improving on-chain data and strengthening derivatives data support a possible recovery ahead for ADA. However, traders should remain cautious, as momentum indicators continue to signal a bearish outlook.

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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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