Uniswap

Momentum

Rekt

<p>The projects Uniswap (UNI) and Matic (MATIC) have garnered significant interest from traders and analysts. As prices fluctuate, technical analysis from industry experts Rekt Capital and altFINs offers insights into the potential trajectories of these digital assets..</p> 
<h2 class="wp-block-heading" id="strong-uniswap-uni-analysis-strong"><strong>Uniswap (UNI) Analysis</strong></h2> 
<p>Over the past few weeks, Rekt Capital’s <a href="https://x.com/rektcapital/status/1773025949228974362?s=20" target="_blank" rel="nofollow">analysis</a> has focused on the potential retest of an orange price area as new support for Uniswap (UNI). As anticipated, UNI did indeed drop into this orange area last week, allowing for a retest. Following this retest, UNI successfully bounced +17% from the orange area, potentially establishing it as new support.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1275-1024x723.png" alt="" class="wp-image-461646" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1275-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1275-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1275-767x541.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1275-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1275-2048x1445.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1275-213x150.png 213w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1275-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1275-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1275-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1275.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Additionally, ccording to Rekt Capital, if UNI maintains stability above this orange area, it would be a bullish signal. Crucially, UNI needs to hold above the orange area leading into the Monthly Candle Close. A Monthly Candle Close above the orange area could indicate that UNI is positioning itself within the current macro range, defined by the orange Range Low and the red Range High at $19.22.</p> 
<p>However, even if a Monthly Close occurs above the orange area, Rekt Capital notes that it could still technically trigger another pullback into the orange area for an additional retest. Although a retest isn’t assured, particularly since one has already happened, any dips that arise would indicate this retest action on the monthly timeframe.</p> 
<p>The analyst suggests that a retest would be a healthy, normal technical phenomenon.</p> 
<p>Rekt Capital emphasizes that UNI’s successful retesting on both the Weekly and Monthly timeframes would confirm its readiness to traverse across the orange-red macro range over time.</p> 
<h2 class="wp-block-heading" id="strong-matic-matic-analysis-strong"><strong>Matic (MATIC) Analysis</strong></h2> 
<p>Turning to Matic (MATIC), altFINs provides a trade setup analysis. According to their assessment, the price is currently in an Uptrend. MATIC rebounded off support at $0.92 and could potentially revisit the $1.25 level in the near-term. Furthermore, momentum indicators suggest bullish momentum is building, as evidenced by the rising MACD Histogram.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1276-1024x573.png" alt="" class="wp-image-461654" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1276-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1276-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1276-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1276-1536x859.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1276-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1276-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1276-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1276-626x350.png 626w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1276-788x440.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1276.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>altFINs recommends setting a Stop Loss (SL) level at $0.89 and advises traders to set price alerts for potential entry points. The analysis indicates that MATIC exhibits an Uptrend across short, medium, and long-term time horizons.</p> 
<p>While momentum indicators show a mix, with the MACD Line below the MACD Signal Line (indicating bearishness) and the RSI around 50 (signaling neutrality), the increasing MACD Histogram bars indicate that bullish momentum might be strengthening.</p> 
<p>In terms of key levels, altFINs identifies the nearest Support Zone as $1.00 – $1.05, followed by $0.92 and $0.75. On the resistance side, the nearest Resistance Zone is $1.25, with $1.50 as the next potential hurdle.</p>  
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<p>As the cryptocurrency market continues its volatile movements, these analyses from Rekt Capital and altFINs provide valuable technical perspectives for traders and investors looking to navigate the potential paths of Uniswap (UNI) and Matic (MATIC).</p> 
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<p>The post <a href="https://captainaltcoin.com/uniswaps-retest-saga-polygonss-momentum-inflection-experts-highlight-potential-price-trajectories-for-uni-and-matic/">Uniswap’s Retest Saga, Polygons’s Momentum Inflection: Experts Highlight Potential Price Trajectories for UNI and MATIC</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Uniswap’s Retest Saga, Polygons’s Momentum Inflection: Experts Highlight Potential Price Trajectories for UNI and MATIC

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