The post DeFi Space To Thrive Soon, Uniswap(UNI), Avalanche(AVAX) & Chainlink(LINK) Could Dominate the Rally appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Uniswap (UNI) Price Analysis
- The Uniswap price has displayed an extremely bullish trend in the past month as the asset rose gigantically by more than 70%
- Surprisingly, the price maintained a parabolic recovery curve and reached the neckline of the curve
- To continue with the same bullish trend, the UNI price may undergo a slight pullback, accomplishing the Cup & Handle pattern
- On a break from the consolidation, the price may surge high towards the immediate resistance above $10 to achieve $12 by the end of August 2022
Avalanche(AVAX) Price Analysis
- The Avalanche price is swinging within an ascending parallel channel and interestingly preparing to bounce from the middle bands
- Therefore, the asset is expected to consolidate around these levels to some extent and further head towards the resistance at around $27
- As the resistance of the channel collides with the major resistance levels, the possibility of a pullback followed by a brief consolidation emerges
- However, with a strong push from the buyers, the asset is expected to rise beyond the crucial levels and secure $30 by the end of August 2022
Chainlink(LINK) Price Analysis
- While Uniswap & Avalanche display strong bullish momentum, Chainlink’s price appears to have stuck between bulls and the bears
- The LINK price is currently trading within a symmetrical triangle and very far from the apex of the consolidation
- Therefore, the asset is expected to consolidate for a while and break out to test the upper resistance at $7.78
- If in case the price fails to reach the resistance, the lower support at $6.66 may strongly hold the asset during a breakdown
