Bitcoin and Ethereum gains were reflected in the movements of certain altcoins. Cardano is up 9.1% since yesterday and could aim to test the $ 2.93 price cap. Uniswap could tumble above the immediate resistance of $ 28.26 and move closer to $ 31.20. MATIC was up 5.4% yoy, but also showed signs of reversal during upcoming trading sessions.
Cardano (ADA)
ADA / USD, TradingView
ADA was up a substantial 9.1% in the past 24 hours, costing $ 2.83. If there isn’t a drop in price, it could try testing the $ 2.93 price cap. The technical data for ADA indicated a positive price development.
The buying pressure was above half the line due to the upward pressure. Great oscillator displayed green signal bars, which indicated a positive price movement. After a bullish crossover, MACD shown in its histogram are green bars.
In the event of a retracement, ADA could be rejected by the $ 2.93 mark and rest on the support region of $ 2.66 and $ 2.39, respectively.
Unit exchange (UNI)
UNI / USD, TradingView
Uniswap was priced at $ 27.16 and posted gains of 4.5% over the past 24 hours. With further move higher, UNI could tumble above the resistance level of $ 28.26 and trade near the price cap of $ 31.20.
Indicators for UNI signaled an upward trend. Buying pressure recovered as Relative Strength Index was above the 50 mark in the bullish area.
MACD in accordance with the positive price movement observed by UNI green bars in its histogram. Bollinger bands depicted necking, which meant that UNI could move within a limited price range of $ 28.26 and $ 25.47, respectively. On the flip side, it could find support at the $ 25.47 and $ 22.71 price levels.
Polygon (MATIC)
MATIC / USD, TradingView
MATIC has seen an increase in value of 5.4% since yesterday. The Alt was trading at $ 1.48 at the time of writing and could attempt to break its immediate resistance at $ 1.53.
To retest the USD 1.72 price mark, MATIC would have to stay above the USD 1.53 level in the next trading sessions. On the 4 hour chart MACD showed green bars on its histogram, but they went down during recent trading sessions.
the Relative Strength Index threatened to fall below the 50 mark, in the bearish range. The capital inflows also remained low, since the Chaikin money flow was spotted below the midline.
With the chances of imminent bearish price action, MATIC could rest at the support levels of $ 1.38 and $ 1.28, respectively.
