UNI and TON Price Analysis: Demonstrating Acute Strength and Trying Hard to Remain Decoupled from the Major Tokens
- WBOYOriginal
- 2024-06-14 15:22:011048browse
The altcoins which have gained enough attention are demonstrating acute strength and trying hard to remain decoupled from the major tokens
Crypto markets have shown signs of recovery after Bitcoin’s price plunged from a key support zone. While the top altcoins are closely following the rally, others are displaying strength in the market.
Despite the significant drop in volume, Uniswap (UNI) has maintained a strong ascending trend, followed by Toncoin (TON). These tokens are expected to maintain a healthy upswing until the day’s close.
Uniswap (UNI) Price Analysis
UNI closed the previous day’s trade above the pivotal levels at $10, which kept up the momentum of the rally. Now that the price has achieved the required levels, the upcoming weekend trade will be interesting.
One final push above the next resistance might validate a rise from the bearish well.
The UNI price is about to clear the crucial resistance at $10.5 before the weekend, which might increase the volatility later.
Moreover, the RSI rebounded from the ascending support, suggesting an increase in bullish strength. Hence, the price is expected to remain elevated and eventually reach the key support zone of around $12 during the weekend, which might uplift 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 breached the final barrier, which suggests the bulls are set 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.
News source：https://www.kdj.com/cryptocurrencies-news/articles/uni-ton-price-analysis-demonstrating-acute-strength-hard-remain-decoupled-major-tokens.html
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