The cryptocurrency prices consolidated heavily on Tuesday, as Bitcoin was still below $100,000. The majority of tokens remained unchanged and many were waiting on Bitcoin for direction. This article gives top predictions on the price of several crypto tokens, including Monero(XMR), Uniswap(UNI), and Cardano.
Monero price prediction
Monero has been steadily increasing in value over the last few months. The price has increased from $100 to $235, the highest since April 2022. It has now risen above $187, the critical support level. This is its highest value since January 2023. This coin failed to convert this resistance into support on several occasions.
Monero’s price has risen above its 50-day moving median and has created an ascending channel. Bulls appear to be in charge for the time being. The Average Directional Index has also moved up to around 30, signalling that the trend will continue.
Monero’s forecast will be bullish when it crosses $250, which is the resistance at the top of the channel. This will propel it to $288, its highest point in April 2022. The bullish outlook will be invalidated if the price drops below $200, the level of support.
Click here to read more Monero price prediction: here’s why XMR could surge soon
Uniswap Price Forecast
Uniswap’s price fell in recent weeks from its high for the entire year of 19,50 dollars to $10. The price also fell below an important support level of $16,85, which was its biggest swing last March.
Recently, the Uniswap rate has stabilised after developers launched the Unichain mainnet. According to data on the site, the network handled more than 3.1 million transaction and 32,000 smart contract.
Uniswap’s price is now above the upward trendline connecting the lowest swings in the market since June 2022. It is showing signs of a new series higher highs. This pattern is called a megaphone, or an ascending widening wedge. A large megaphone-shaped asset often has a powerful comeback.
Uniswap’s price is likely to bounce back over the next few months and may even retest its key support level of $24, located at 50% Fibonacci retracement and 147% higher than the current value. It will take some time for this forecast to be completed since it’s on the weekly chart.
Cardano price analysis
Investors have reacted positively to a new partnership between Globant and a major Argentinian artificial intelligence company. Investors also await a meeting that Charles Hoskinson will have with another VIP. Some analysts believe this other VIP to be Elon Musk. Also, the odds are increasing that the Securities and Exchange Commission will approve an spot Cardano ETF.
Cardano’s price traded at $0.80 Tuesday morning, as it entered phase three of the Elliot Wave Pattern. Cardano has also crossed the Fibonacci Retracement and key level at $0.80. It is now the largest swing for April 2024.
There is a growing likelihood that the ADA will continue to rise in the months ahead. This will initially push the price to $1.31 – the highest in 2024 – followed by $1.67 – the 50% retracement level.
Click here to read more Cardano price prediction: ADA may double, but risks remain
Post Top crypto price predictions: Monero, Uniswap, Cardano First on Invezz
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Source: invezz.com
