The post After Chainlink, this Altcoin is Poised to Explode, Causing Ripples Throughout The Market! appeared first on Coinpedia Fintech News Bitcoin dominance is spiking up while the BTC price trades consistently above $34,000. This can be considered a bullish signal, as the bull...
In recent times, Chainlink has displayed an unremarkable jump by breaking above the multi-year resistance level. Uniswap, a popular altcoin, has traded below $9.5 ever since the beginning of 2022, while levels around $4 have formed a strong support level. Therefore, there are huge possibilities of a breakout loom, as more than 87% of the holders are about to wake up after a long time.
As mentioned above, the UNI price has been trading above the crucial support zone at $4, and to trigger a rise, it needs to break two major barriers.
The major wall is at $4.23 where 7000 addresses have bought 14.24 million UNI and the other one is at $4.45 with nearly 2000 addresses holding 10.28 million tokens. Once these barriers are cleared, a significant upswing could be triggered, lifting the UNI price above $5 initially. However, rising above $9.5 may begin a fresh bullish trend for the token in the coming days.