BNB, the native token of the Binance Smart Chain, and TRX, the native token of The Tron Network, are experiencing more price declines.
Although BNB has fared better than other crypto coins, Tron, backed by Justin Sun, is also faring better.
Our analysts point to this just meaning delayed bearish action and that if you are holding these coins, then it’s best to look to buy into something with a better risk to rewards.
Today’s market opens up with another bearish candle. Meanwhile, investors are leaving these projects and transitioning into The Hideaways (HDWY) Presale after last week’s 100% price gain.
Tron (TRX) Price Analysis
TRX is trading at $0.05940 after falling from its last week’s high of $0.06828.
Today, TRX is down by -1.56% after opening with a bearish candle on the daily timeframe below the 200 daily moving average.
Trading data from the Binance exchange indicates that in the last 24 hours, the market has been run over by massive sales of about 53.12% of the total money flow. And there’s a bearish continuation pattern on the daily chart to back this analysis. The rest of the week might be another long pullback for TRX.
As sell pressure grows, there has been an increase of buy pressure in The Hideaways (HDWY) Presale and tracking this wallet shows that about 30% of Tron (TRX) traders who are selling off are buying into The Hideaways (HDWY) Presale
BNB Price Analysis
On the 4 hours timeframe, we see that BNB rebounded from the 200MA to continue the bearish trend, and the price is down by -2.32%.
BNB is currently trading at $264.7, and on a daily timeframe, it is relying on the 100MA support. If the support holds, we might see a price movement to the 200MA at $317.5, but if it breaks below, the price may head to the next support, which is at $183.1.
The market direction is not entirely defined as the bears are only in control of about 50.17%, which can quickly reverse or continue.
The Hideaways ($HDWY) Prepares To Overtake Top Coins In Another Price Rally.
The Hideaways (HDWY) has proven to be the best investment this year with its resilience to the influence of Bitcoin (BTC) dip in almost the entire market.
Last week amid a general market crash, The Hideaways HDWY checked the 100% mark. The Hideaways (HDWY) is predicted to increase in price by about 8000% by the end of 2023.
Here are 3 ways how they are the best and are attracting investors:
- Minimum 20% passive income from rental yield. You have to do nothing, as The Hideaways does it all for you.
- Fractionalized NFTs enhance the tokenization of real estate, the first of its kind
- Global property investment portfolio opportunities for as low as $100
Fundamentals are essential, but so is security. And that’s why The Hideaways have gone above and beyond and acquired a full security audit of their smart contracts – this passed with flying colors by SolidProof.
On top of that, they are locking liquidity forever, have a 2-year cliff to receive team tokens and seem to have put their investors first and foremost in their plans.
For more information about The Hideaways (HDWY), visit:
Website: https://www.thehideaways.io
Presale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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