menu
techminis

A naukri.com initiative

google-web-stories
source image

Coinpedia

4w

read

196

img
dot

Image Credit: Coinpedia

BinanceCoin (BNB) & Uniswap (UNI) Attract Significant Gains—Will They Revive a Notable Recovery?

  • Geopolitical tensions in the Middle-East have caused damage to traditional finance and crypto markets, with Bitcoin experiencing significant liquidations and testing local bottoms around $102.6K.
  • Despite the market challenges, BinanceCoin (BNB) and Uniswap (UNI) are showing strength and preparing for a recovery that could lead the markets.
  • BNB price is stabilizing above $655-$660, showing signs of consolidation and potential breakout, with technical indicators suggesting a 15% upswing towards $700-$720.
  • BNB price is trading within a symmetrical triangle, indicating a potential bullish breakout, supported by indicators like the 'Golden Cross' and bullish divergence in the CMF.
  • Uniswap (UNI) price faced rejection near $8.6-$8.7 but bounced from local lows at $7, hinting at a strong recovery path aiming for a 100% gain towards $20.
  • UNI price is in a parabolic recovery phase, rising above the Gaussian channel with increasing volume and RSI strength along the ascending trend line.

Read Full Article

like

11 Likes

For uninterrupted reading, download the app