- Uniswap (UNI) leads decentralized trading with high volume, showing strong market shifts and buying pressure.
- Avalanche (AVAX) shows resilience, poised for a strong rebound amid market positivity and Ethereum ETF speculation.
- Bonk (BONK) benefits from aggressive buying, making it an attractive investment with its rising market enthusiasm.
The cryptocurrency market started the week with noteworthy picks up, driven basically by Ethereum (ETH), which surged to $3,800.This rise led to significant gains in various crypto coins.
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This also creates a positive atmosphere in the market, where the potential for new investors to enter is greater. Among the various cryptocurrencies available, three of them are expected to surge if Ethereum gains steam. These promising coins are Uniswap (UNI), Avalanche (AVAX), and Bonk (BONK). Each has demonstrated impressive performance, making them likely to capture investor interest.
Uniswap (UNI)
Uniswap is a driving decentralized trade and remains at the bleeding edge with the most noteworthy exchanging volume and liquidity for Ethereum tokens. Right now estimated at $9.44, UNI has seen a 21.3% increment, driven by theory approximately the endorsement of an Ethereum Spot ETF.
On May 22, UNI prices rose to $9.55, breaking out of a six-week decline and indicating a major shift in the market. The Relative Strength Index (RSI) values (1 hour at 70.36, 4 hours at 83.05, and 12 hours at 79.71) indicate overbought conditions, usually, this is a sell signal, but strong buying pressure indicates a buy signal. In the last 24 hours, UNI’s price touched $9.44 with an increase of 2.6%. At the time of writing UNI trading volume was $261.33.
Avalanche (AVAX)
Avalanche (AVAX) is still underperforming as it is -72.74 percent away from its all-time high of $146.22, with a price of $38.35 in the last 24 hours. The good news is that AVAX remains as a high market value crypto currently in the top 15, competing with DOGE, Cardano, Shiba Inu, Polkadot, and XRP. However, in a short period, AVAX received special attention from market players.
Amid speculation that ETH may hit a new all-time high (ATH) in the coming weeks, AVAX is showing strength. AVAX briefly recorded a weekly gain of more than 11.7%, with a small decline of 4.2% in 24 hours likely caused by bullish exhaustion. On the other hand, market sentiment has turned very positive ahead of the possible approval of an Ethereum Spot ETF.
AVAX’s price may rebound before reaching lower support or drop below $37 before starting a new increase toward the close of the day. Regardless, bulls are expected to trigger a strong rebound once the bearish consolidation ends, potentially prompting a 40% surge to $60 within the accumulated trading range.
Bonk (BONK)
Bonk (BONK) which is one of the favorite meme coins, is currently at $0.00003584. This figure represents an increase of 11.5% in the last 24 hours. Market enthusiasm regarding the possible approval of an Ethereum ETF sparked a surge in BONK, with a significant increase of 49.5% in the last 7 days past the price resistance of $0.00003.
The RSI values indicate strong buying pressure, and the sharp rise in the daily EMAs highlights aggressive buying activity. This specialized pointer appears a solid purchase flag for Bonk, making it an alluring venture opportunity.
The long haul of Uniswap (UNI), Avalanche (AVAX), and Bonk (BONK) looks promising within the crypto industry. Uniswap remains a driving decentralized exchanging stage with tall exchanging volumes and liquidity. Avalanche shows resilience despite recent underperformance, poised for significant rebounds amid positive Ethereum market sentiment.
Bonk, a popular meme coin, benefits from strong buying pressure and market enthusiasm. As Ethereum rises, these three coins are likely to attract increased investor interest and demonstrate impressive growth.
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