As the year-end approaches, cryptocurrency markets exhibit their signature volatility, creating opportunities for both bulls and bears. The fluctuating patterns suggest an ongoing tug-of-war between consolidation phases and breakout rallies, driven by fundamentals and evolving market sentiment. Two tokens, Hedera (HBAR) and Uniswap (UNI), have recently caught the attention of traders, each showing strong potential for significant price surges.
Hedera (HBAR): On the Verge of a New All-Time High
Hedera’s price has rebounded impressively from November lows, reaching levels unseen since December 2021. This recovery has bolstered investor confidence, with unprecedented buying volumes fueling bullish momentum. HBAR’s partnership with Chainlink appears to be a critical catalyst, driving its rally toward a new all-time high (ATH) at $1.
Currently, HBAR trades within a key Fibonacci range, between $0.44 and $0.571. However, bearish RSI divergence from the overbought zone indicates the possibility of a temporary pullback. If the RSI sustains within higher zones, bullish momentum could resume, pushing HBAR to reclaim its previous ATH at $0.571 and potentially surpass it by year-end.
Uniswap (UNI): Aiming for a 100% Upswing
Uniswap, the leading DeFi token, has had a turbulent year, marked by a 220% rally followed by a modest 13% correction. UNI faces resistance between $18.9 and $19.6—the neckline of its parabolic recovery. Persistent bearish pressure over the past two weeks has stalled its upward momentum, but recent volume spikes and technical indicators suggest a potential turnaround.
The first weekly Golden Cross for UNI indicates a strong bullish setup. Despite a bearish OBV divergence, the token’s price is poised for a breakout. Analysts predict UNI could rebound sharply, potentially doubling in value to reach $24, provided it sustains the current buying momentum.
Also Read: Hedera (HBAR) Faces Potential Slowdown After 220% Surge: Key Technical Indicators and Price Outlook
Both HBAR and UNI are positioned for notable year-end performances. While HBAR eyes its long-awaited $1 ATH, UNI appears ready to deliver substantial gains. As market volatility continues, these tokens exemplify the growing focus on fundamentals and strategic positioning for the next bull cycle. Traders should monitor key resistance levels and technical signals as these assets prepare for their next major moves.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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