Analysts note that Chiliz (CHZ) and PancakeSwap (CAKE) are gaining momentum to break through. CHZ has been trading in positive territory for the past few days and has reached the top gainers in the market.
PancakeSwap did not make the same recovery today. The coin is down 0.51% in the past 24 hours. On the upside, the currency candles formed an ascending triangle pattern, which indicates a strong bullish event soon.
Analysts also recommend Hideout (HDWY)a new cryptocurrency that is expected to gain 9,000% by the end of 2022.
Chiliz (CHZ) technical indicators are showing bullish momentum
Chiliz (CHZ) has consistently topped the charts in the past few days. It did not pull back with other tokens that were withdrawn by Bitcoin (BTC), and Ethereum (ETH) last fall.
CHZ is trading at $0.231, making an impressive 5.55% jump for the day. The coin posted a 9.56% increase in the seven-day charts and a 16% jump in the monthly charts.
What is even more surprising is the +144% increase in the last 90 days, which shows that the coin is getting more market interest than usual.
However, Chiliz (CHZ) has ample room for improvement. The token has just consolidated a bullish flag pattern, which means that prices are making some pretty sharp jumps in the near and long term.
CHZ is expected to break through to $2.0 and take bets to $2.25. However, the coin will undergo a short-term correction that will push the price up to $0.182. This will be the signal confirmation to enter the trade.
PancakeSwap (CAKE) can take $5
Another coin that recently got the green Analyst flags is PancakeSwap (CAKE). The coin is trading with a 2.42% drop to $4.24 on the latest charts.
CAKE is down 4.37% in the last 7 days and 80.61% in 52 weeks. With that, the 30-day and 90-day charts show an increase of 20% and 44%, respectively.
Despite the recent decline, a bullish triangle pattern has just appeared on PancakeSwap (CAKE) charts which indicates a reversal of the pattern soon.
Once the coin successfully exceeds $4.5, we expect buyers to keep the momentum in place and push the coin up to $5.0.
There will be massive selling pressure at this level, so make sure to take profits in this area before any potential bounce.
The Hideaways (HDWY) is looking to end the year as the best performing coin
Another currency that got bullish approval from analysts is Hideout (HDWY) A new cryptocurrency that started its presale at $0.01 before rising to its current price of $0.02.
Hideout (HDWY) Not just a project you see in the coding space. One of the important things that makes it different is the utility – it is in the real estate business, which makes it a real investment with tangible assets.
Investors can purchase one of the NFTs for as low as $100, and invest over 1,000 new owners. These aren’t just regular NFTs – they qualify you for monthly rental income that can quickly become a steady source of passive income.
The Hideaways guarantees a minimum of 20% – from rental return, off-market investments, strong real estate network, event hosting and more.
Furthermore it, Hideout (HDWY) Offer a profitable bonus. This means that you can just leave your tokens while you make a profit without risking.
Learn more about the project here: