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.