Altcoin Momentum Building: A Look Ahead at the Future of Polkadot (DOT), Uniswap (UNI), and Polygon (MATIC) Prices

Altcoin Momentum Building: A Look Ahead at the Future of Polkadot (DOT), Uniswap (UNI), and Polygon (MATIC) Prices

Polkadot (DOT) Price Analysis

Polkadot price has been trading along the ascending trend line, which has been acting as strong support in the last few weeks.

Despite a significant growth in the buying pressure, the bulls failed to lift the price above the levels, suggesting the presence of decent bearish activity.

While the RSI is flat, the MACD is displaying the possibility of a bearish crossover. This could either compel the price to trade sideways for some more time or else push the price within the ascending triangle and remain stuck to the support.

The immediate resistance is at $7.57 and achieving these levels may push the price towards the apex, which may further initiate a fresh bullish breakout towards a 2-digit figure.

Uniswap (UNI) Price Analysis

Regardless of the short-term bounces, the UNI price continues to trade under extreme bearish influence in the long term.

Much like Chainlink, the UNI price has also been consolidating within a narrow range for over 20 months.

The RSI is displaying huge variations, but less impact over the price is seen as the bears restrict the rally below $7.5.

Without much change in the trading plan, the consolidation may continue until market sentiments flip completely in favour of the bulls.

Polygon (MATIC) Price Analysis

The MATIC price has displayed acute strength in the past few days, as it has gained over 10% to 12% to reach levels above $0.8.

The token is facing bearish pressure but the bulls are trying hard to sustain a healthy upswing by attracting liquidity.

However, the RSI continues to fly, which suggests the price will maintain an ascending trade for a long time and reach $0.9.

Sustaining above these levels and clearing $0.95 may pave way for the Polygon price to reclaim the levels above $1.

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