📈 Prediction (SUI and HNT):

😀SUI/USD - SUI, the main token of the first-layer blockchain, experienced one of its best days on August 8, rising to $0.83 and finishing the first week of August 2024 with an impressive growth of 28.77%. The rise of #SUI is linked to Grayscale's announcement: on August 7, the company stated that it added SUI and Bittensor (TAO) to its list of investment trust products. Before the announcement, SUI was trading at $0.60. However, the news sparked a wave of positive comments online, pushing the sentiment index to yearly highs. Earlier, SUI had dropped by 42%, particularly falling to $0.46 on August 5. The rise above the 20-day (blue) and 50-day (yellow) exponential moving averages (EMA) would confirm a bullish trend. The EMA helps assess the direction of the trend over time. A drop in SUI below the EMA would cast doubt on the bullish trend. Despite the pullback, the MACD indicator confirms the resumption of the upward trend. The MACD measures momentum by analyzing the difference between two moving averages. If the MACD readings are above the zero line, as with SUI, the momentum is upward. If the upward trend continues, SUI could reach $0.90. However, if the token encounters resistance, the price may drop to $0.71.

😘 HNT/USD - Last week, the token of a DePIN project became one of the top gainers among altcoins. This week it continues to hold its position, showing a gain of 15.60%. The token, ranked 74th in value among cryptocurrencies, operates on the Solana platform. After a sharp drop last week, Helium quickly recovered, forming a V-shaped pattern, indicating a strong rebound. Currently, the token is trading at $5.90. However, the On Balance Volume (OBV) indicator, which measures buying and selling volumes, suggests that the growth is not over yet. An increase in OBV indicates strong buying pressure, while a decrease suggests seller dominance. If the upward pressure continues, #HNT may attempt to reach $6.50. But if sellers regain control, the price could drop to $5.73.

👍 Please share this overview with others!