Among the coins with the highest trading volume, let’s look into Fantom (FTM) and Apecoin (APE) to see if it’s a good time to enter these trades. Both coins made impressive gains in the last 7 days, thanks to the crypto market’s latest bull run.
We will also give our two cents on the new cryptocurrency The Hideaways (HDWY) and why we think it’s worth your money.
Fantom (FTM) Retraces 8% in the Last 24 Hours
Fantom (FTM) declined by 8.0% on Tuesday’s early session, erasing gains made in the last 7 days. The coin currently exchanges hands at $0.254.
We have seen a huge selling pressure after the coin touched $0.293. The Relative Strength Index has retreated to 38.41 today from 45.45 in the previous week. Moving averages also show a bearish signal, with the 50-day EMA flying high above the 20-day EMA.
Investors should expect Fantom (FTM) price to drop to an immediate support line at $0.241. Recently, indicators show there have been 17 whale transactions of $100,000 over the past week. If whale activities continue, another selling event could come into life which will send prices to $0.203.
Apecoin (APE) Gets a Buy Rating From Analysts
Analysts advise investors to put money on Apecoin (APE) now that prices are 13% lower from the August high.
APE is last seen trading at $5.18, up 28.40% in the last 7 days. However, RSI has released some steam recently which pushed it to its current settlement at 50.0. Last week, the trend signal climbed to 60.0 – the highest since early August.
Experts believe that Apecoin (APE)’s current price is 80.36% down from its all-time high of $26.24, making it a good entry point for investors.
The NFT market trails a difficult road to recovery lately, with the average floor price of The Bored Ape Yacht Club at 71.68 ETH or around $123,000 in Ethereum (ETH)’s current price. But analysts expect some recovery as we approach 2023 as the Metaverse adoption becomes more mainstream.
The Hideaways (HDWY) is a Presale Superstar Because of This
NFT enthusiasts will pay attention not only to Apecoin (APE) but also to the newest NFT crypto project The Hideaways (HDWY).
The Hideaways (HDWY) is a luxury real estate cryptocurrency that aims to bring together real estate and NFT investing in one. Investors can buy fractionalized digital collections as low as $100 to have a ticket to earning a steady monthly rental income.
The Hideaways is holding a presale until the end of the month, where its native coin HDWY sells at $0.01 but is getting a 100% increase by the weekend. But we might see this offering wrapping early as the project is becoming highly subscribed lately.
Analysts project HDWY hitting a 9,000% gain by the end of the year. This means you are up for some exponential gains to give you some relief in this testing bear market.
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