- UNI’s price at $11, poised to break the $12 resistance, potentially surge to $17.2.
- BONK struggles at $0.000037 resistance, eyes $0.000048; bears aim to maintain dominance.
- NOT’s battle between buyers and sellers, price at $0.009277, crucial support at $0.0046.
While the price of Bitcoin stays steady at around $70,000, the altcoin market is becoming more and more dominating. Furthermore, the current outlook for spot Ethereum ETFs is driving up demand for altcoin purchases, which could soon result in higher trading volumes.
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The altcoin season index peaked at 43 and has been trending lower since May 20. This implies that a market rally could not be imminent. However, the altcoin market may eventually gain traction given the continuing efforts to create SOL and XRP ETFs. The top three altcoins expected to rise this week are shown below.
Uniswap (UNI)
Uniswap’s price is currently holding momentum above $11. The price of UNI was trading at $10.88 over the previous day. Right now, buyers are putting more pressure on the market in an attempt to break through the $12 level, which bears are solidly defending. A move above $12 might bolster long holdings and send prices skyrocketing to $17.2.
But a $12 rejection would suggest that the bears are attempting to turn this level into a resistance level. The EMA20 trendline must be broken by bears to initiate a bearish surge. This might push the cost up to $8.2.
Bonk (BONK)
The price of bonk has recently moved much higher, attempting to break through the closest resistance level. However, bears are actively attempting to stop the price from rising any higher, putting up a lot of resistance close to $0.000037.
The price of Bonk is $0.000038 as of May 28, 2024, indicating a 1.6% gain over the previous day. The trading pair BONK/USDT aims to break over the Fibonacci level and hit resistance around $0.000048. Bears believe that staying above this threshold is essential to preserving their position of dominance in the market. If it works, the price might rise to a new all-time high next week. On the other hand, a drop below the moving average might support the bearish outlook.
Notcoin (NOT)
In addition, the price of Notcoin has been bouncing around the moving average on the 15-minute price chart, which indicates a fierce battle between buyers and sellers. Bears have been able to drive the price below the EMA trendline recently. The price of NOT is now trading at $0.009277 as of May 28, 2024, up 56.0% over the previous day.
The price is being held below the moving average and the Fib line by sellers. If they are successful, the NOT/USDT pair might fall to the crucial $0.0046 support level, which would probably inspire investors to engage in aggressive buying. The sideways trend might continue if $0.0046 makes a significant comeback. To signify a change in direction, buyers need to break through the channel of declining resistance. This accomplishment might cause a climb to $0.0057 and possibly even major resistance.
UNI, BONK, and NOT have promising futures beyond crypto, poised to impact sectors like finance, gaming, and identity verification. Their innovation and expanding ecosystems position them as disruptors in digital landscapes, offering solutions to real-world challenges. With ongoing development and adoption, they’re set to contribute significantly to decentralized applications and digital economies.
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