Altcoin’s Gearing Up: Here’s What Next for Polkadot (DOT), Uniswap (UNI) & Polygon (MATIC) Price

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The post Altcoin’s Gearing Up: Here’s What Next for Polkadot (DOT), Uniswap (UNI) & Polygon (MATIC) Price appeared first on Coinpedia Fintech News

Polkadot (DOT) Price Analysis

  • Polkadot price has been trading along the ascending trend line, which has been acting as strong support in the last few weeks
  • Despite a significant growth in the buying pressure, the bulls failed to lift the price above the levels, suggesting the presence of decent bearish activity
  • While the RSI is flat, the MACD is displaying the possibility of a bearish crossover. This could either compel the price to trade sideways for some more time or else push the price within the ascending triangle and remain stuck to the support 
  • The immediate resistance is at $7.57 and achieving these levels may push the price towards the apex, which may further initiate a fresh bullish breakout towards a 2-digit figure.

Uniswap (UNI) Price Analysis

  • Regardless of the short-term bounces, the UNI price continues to trade under extreme bearish influence in the long term
  • Much like Chainlink, the UNI price has also been consolidating within a narrow range for over 20 months
  • The RSI is displaying huge variations, but less impact over the price is seen as the bears restrict the rally below $7.5
  • Without much change in the trading plan, the consolidation may continue until market sentiments flip completely in favour of the bulls

Polygon (MATIC) Price Analysis

  • The MATIC price has displayed acute strength in the past few days, as it has gained over 10% to 12% to reach levels above $0.8
  • The token is facing bearish pressure but the bulls are trying hard to sustain a healthy upswing by attracting liquidity
  • However, the RSI continues to fly, which suggests the price will maintain an ascending trade for a long time and reach $0.9
  • Sustaining above these levels and clearing $0.95 may pave way for the Polygon price to reclaim the levels above $1
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