Phoenix Global (PHB) And Ravencoin (RVN) Plummets After Weekly Rally, And The Hideaways (HDWY) Takes The Investment Stage
It was a pretty exciting week with tokens like $PHB and $RVN surging to new highs.
$PHB hit an all-time high of $2.55, and $RVN hit a monthly high of $0.0775. Still, unfortunately, both tokens are current -20% down, and the selling pressure keeps increasing with Bitcoin (BTC) still unable to close above $20k.
Despite the bears ravaging the market, The Hideaways (HDWY) has so far stood firm and is confirmed to hit a record high of $0.02 today at midnight.
PHB Down By -33%
After the massive surge from $0.7 to $2.55, it wasn’t hard to guess that PHB would experience a strong pullback as traders started to take profits. So it was time to sell off and the gains in a sustainable project like The Hideaways (HDWY).
PHB is currently trading at $1.25, trading data from Binance, and is at the $1.2 support level. A cross between the 100-MA and the 20-MA on the 4 hours chart shows that the bears are in total control, and we should expect more sell-offs.
Raven coin (RVN) Down by -20%
Following PHB during the week was Ravencoin (RVN), quickly rising from its low monthly range of $0.027 to a new monthly high of $0.07752.
The surge was first influenced by the US Fed news from last weekend. When the US Fed announced boosting the USD over Bitcoin, prices were affected, drastically dropping these coins.
RVN is currently trading at $0.05 and is heading down to the 200MA on the daily timeframe. Analysts say that Ravencoin (RVN) will likely close below the 200MA this week, inciting further selling-offs, subsequently driving prices down.
Traders are taking profits more and are investing in new projects. For example, the presale star The Hideaways (HDWY) is set to give investors another 100% gain this week.
The Hideaways (HDWY) To Hit New Highs By Midnight
The ongoing The Hideaways (HDWY) presale may be the bear market 1000x gem that everyone is looking for. Adding over 1000 holders in a week, frequent investor updates, and a revolutionary idea, it looks set to make the top 50 crypto market cap by the end of 2023.
Since we first mentioned in our column $HDWY has pumped from $0.01 to $0.02 – a 100% gain. Our analysts expect more gains of up to 1,500% by the end of the presale.
A brief breakdown of what the HDWY offers:
- Buy a fraction of a property, regardless of your location
- Utility-token that generates revenue which is then paid out in ETH and USDC / USDT
- Manage your portfolio easily by trading your asset-backed NFTs
- Frequent updates and new Club Hideaways access offer investors a big
Founders have confirmed a speculated another 100% move for the price of The Hideaways (HDWY) by Friday midnight.
For more information, check out The Hideaways (HDWY);
Website: www.thehideaways.io
Presale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
Text source: DailyCoin.com
