Altcoins Display Strength UNI Price Eyes 15% Rise While TON Price Marks New High
The post Altcoins Display Strength UNI Price Eyes 15% Rise While TON Price Marks New High appeared first on Coinpedia Fintech News
The crypto markets have again begun to consolidate after the Bitcoin price plunged from one of the key support zones. While the top altcoins are expected to closely follow the rally, the others are displaying enough strength. Regardless of the significant drop in volume, Uniswap (UNI) has maintained a strong ascending trend, followed by Toncoin (TON). these tokens are envisioned to maintain a healthy upswing until the day’s close.
Uniswap (UNI) Price Analysis
The Uniswap price comfortably closed the previous day’s trade above the pivotal levels at $10, which has kept up the momentum of the rally. Now that the price has achieved the required levels, the upcoming weekend trade is expected to be very interesting. One final push above the next resistance may validate a rise from the bearish well.
The UNI price is about to clear the crucial resistance at $10.5 before the weekend which may increase the volatility later. Besides, the RSI rebounded from the ascending support suggesting the growth in the bullish strength. Therefore, the price is forecasted to remain elevated and eventually reach the key support zone of around $12 during the weekend which may elevate the levels beyond $13.5.
Toncoin (TON) Price Analysis
After consolidating within a narrow range for a while, the Toncoin price triggered a huge upswing in the early trading hours. This caused the price to mark a new ATH at $8.01, followed by a minor pullback below $7.5. The bears are trying hard to slash the levels below $7 but the bulls are expected to defend the lower support zone between $7.25 and $7.44.
The TON price has been trading within an ascending triangle ever since the rally broke out of the consolidation. However, the price surpassed the final barrier, which suggests the bulls are poised to discover new highs in the coming days. Considering the Fibonacci levels, the next target for the token could be around $9.7, which may further pave the way for a double-digit figure before the end of the month.
