Altcoins
Altcoins Show Strength UNI Price Eyes 15% Surge While TON Price Hits New High
Crypto markets have started consolidating again after Bitcoin price fell from one of the key support zones. While the top altcoins are expected to follow the rally closely, the rest are showing enough strength. Regardless of the significant drop in volume, Uniswap (UNI) maintained a strong upward trend, followed by Toncoin (TON). these tokens are expected to maintain a healthy rally until the end of the day.
Uniswap (UNI) Price Analysis
THE Uniswap Price closed the previous day’s trade comfortably above the pivotal levels of $10, which maintained the rally’s momentum. Now that the price has reached the required levels, trading over the coming weekend should be very interesting. A final push above the next resistance could validate an upside from the bearish well.
UNI price is poised to break crucial resistance at $10.5 ahead of the weekend, which could increase volatility later. Furthermore, the RSI rebounded from the ascending support, suggesting the growth of bullish strength. Therefore, the price is expected to remain high and eventually reach the key support zone around $12 over the weekend, which could elevate levels beyond $13.5.
Toncoin (TON) Price Analysis
After consolidating in a tight range for some time, Toncoin price triggered a huge rally in the first hours of trading. This caused the price to mark a new ATH at $8.01, followed by a slight pullback below $7.5. The bears are working to reduce the levels below $7, but the bulls are expected to defend the lower support zone between $7.25 and $7.44.
TON price has been trading in an ascending triangle since the rally broke out of consolidation. However, the price has breached the final barrier, suggesting that the bulls are poised to discover new highs in the coming days. Considering the Fibonacci levels, the token’s next target could be around $9.7, which could pave the way to double digits before the end of the month.