Ethereum

Uniswap

Rupee

Strong

April

<div class="finbold">
 <p class="paragraph">The overall mid-term sentiment remains bullish for the cryptocurrency market, despite the short-term bearish pivot, following a market retracement. In this context, a buy signal might surge for cryptocurrencies with strong fundamentals and technical indicators.</p>
 <p class="paragraph">A massive liquidation event wiped over $230 million of crypto’s total market cap in one day this week. Thus, short-term cryptocurrency trading suddenly saw a dominating fear taking over while cryptocurrencies tested support levels.</p>
 <p class="paragraph">In the meantime, some projects accumulated smaller losses than others, maintaining a <a rel="noopener noreferrer nofollow" title="strong" href="https://thebittimes.com/tag/strong.html">strong</a> position and holding their previous gains.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <p class="paragraph">Particularly, Finbold recurred to <em>CoinGlass</em>’s Relative Strength Index (RSI) weekly heatmap and <em>CoinMarketCap</em>’s ranking for potential buy signals to April.</p>
 <h2 class="wp-block-heading" id="h-strong-buy-signal-for-uniswap-uni">Strong buy signal for Uniswap (UNI)</h2>
 <p class="paragraph">First, Uniswap (UNI) holds a <a rel="noopener noreferrer nofollow" title="strong" href="https://thebittimes.com/tag/strong.html">strong</a> weekly RSI of 67.35, significantly above the market’s average of 59.05. UNI lost 4.79% of its exchange rate in the past seven days, now trading at $11.84. This drove its daily RSI to neutral, registering 49.22 points in this time frame, which could act as support.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="615" src="https://cdn.thebittimes.com/images/2024/03/23/efedd78e84fa93dbb29e987280cd615e.webp" alt class="wp-image-163163" srcset="https://cdn.thebittimes.com/images/2024/03/23/efedd78e84fa93dbb29e987280cd615e.webp 1024w, https://cdn.thebittimes.com/images/2024/03/23/efedd78e84fa93dbb29e987280cd615e.webp 300w, https://cdn.thebittimes.com/images/2024/03/23/efedd78e84fa93dbb29e987280cd615e.webp 768w, https://cdn.thebittimes.com/images/2024/03/23/efedd78e84fa93dbb29e987280cd615e.webp 1536w, https://cdn.thebittimes.com/images/2024/03/23/efedd78e84fa93dbb29e987280cd615e.webp 1794w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Crypto market weekly RSI heatmap: UNI. Source: <em>CoinGlass</em>
  </figcaption>
 </figure>
 <p class="paragraph">Uniswap is the leading decentralized exchange natively built on Ethereum (ETH) but supports multiple EVM chains. An increased demand for its ecosystem could potentially fuel the token’s performance. For example, BlackRock’s recently announced endeavor to create a tokenization fund with a seed investment of $100 million.</p>
 <p class="paragraph">Interestingly, UNI jumped in its market cap ranking with over $7 billion, joining the top 20 most valuable <a rel="noopener noreferrer nofollow" title="cryptocurrencies" href="https://thebittimes.com/tag/cryptocurrencies.html">cryptocurrencies</a>.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="166" src="https://cdn.thebittimes.com/images/2024/03/23/4513846e3355e0fef1a4d26dad83418d.webp" alt class="wp-image-163164" srcset="https://cdn.thebittimes.com/images/2024/03/23/4513846e3355e0fef1a4d26dad83418d.webp 1024w, https://cdn.thebittimes.com/images/2024/03/23/4513846e3355e0fef1a4d26dad83418d.webp 300w, https://cdn.thebittimes.com/images/2024/03/23/4513846e3355e0fef1a4d26dad83418d.webp 768w, https://cdn.thebittimes.com/images/2024/03/23/4513846e3355e0fef1a4d26dad83418d.webp 1536w, https://cdn.thebittimes.com/images/2024/03/23/4513846e3355e0fef1a4d26dad83418d.webp 1930w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   UNI and NEAR are the top 18 and top 19 cryptocurrencies by market cap. Source: <em>CoinMarketCap</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="near-protocol-near-shows-strength">Near Protocol (NEAR) shows strength&nbsp;</h2>
 <p class="paragraph">Meanwhile, Near Protocol (NEAR) also climbed <em>CoinMarketCap</em>’s ranks, currently at the 19th position with a $7 billion capitalization.</p>
 <p class="paragraph">NEAR is one of the <a rel="noopener noreferrer nofollow" title="strong" href="https://thebittimes.com/tag/strong.html">strong</a>est <a rel="noopener noreferrer nofollow" title="cryptocurrencies" href="https://thebittimes.com/tag/cryptocurrencies.html">cryptocurrencies</a> in the weekly RSI, with 68.91 index points. Remarkably, this <a rel="noopener noreferrer nofollow" title="strong" href="https://thebittimes.com/tag/strong.html">strong</a> position was kept even with 19% losses in the week, trading at $6.67 by press time.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="616" src="https://cdn.thebittimes.com/images/2024/03/23/118c36327f0681aa921d97f5b6e81267.webp" alt class="wp-image-163166" srcset="https://cdn.thebittimes.com/images/2024/03/23/118c36327f0681aa921d97f5b6e81267.webp 1024w, https://cdn.thebittimes.com/images/2024/03/23/118c36327f0681aa921d97f5b6e81267.webp 300w, https://cdn.thebittimes.com/images/2024/03/23/118c36327f0681aa921d97f5b6e81267.webp 768w, https://cdn.thebittimes.com/images/2024/03/23/118c36327f0681aa921d97f5b6e81267.webp 1536w, https://cdn.thebittimes.com/images/2024/03/23/118c36327f0681aa921d97f5b6e81267.webp 1798w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Crypto market weekly RSI heatmap: NEAR. Source: <em>CoinGlass</em>
  </figcaption>
 </figure>
 <p class="paragraph">The Near Protocol is a competing layer-1 blockchain for Web3 and DeFi, focused on scalability and a friendly development environment.</p>
 <p class="paragraph">However, cryptocurrencies are highly volatile assets and buy signals could find invalidation if circumstances change, despite the strong indicators. Investors must remain cautious and understand the underlying fundamentals of the projects they are investing in.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/buy-signal-for-2-strong-cryptocurrencies-in-april-tbt83361.html">https://thebittimes.com/buy-signal-for-2-strong-cryptocurrencies-in-april-tbt83361.html</a></p>

Buy signal for 2 strong cryptocurrencies in April

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