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DeFi Tokens LINK, UNI Fight to Rebound, Is the Right Time to Invest?

Highlights

    Bitcoin surged above the expected levels, some cryptos also went along with it.

    One may earn more profit by investing in these cryptos.

Crypto space is becoming very prominent with the growing demand for the cryptos in the other market also. The suddenly surge with the major crypto has led to an upswing in most of the altcoins. 

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Have you thought of investing in any digital asset and still not sure which one to consider? 

Below are listed some of the crypto assets which you can consider.

Chainlink is termed as the most dominant crypto in the Defi space with more than 30 percent dominance share. In the past couple of days, the token has witnessed dramatic pumps and dumps. Chainlink Price had managed to surge above $11 but woefully dipped below $10 in the last 24 hours.

Chainlink is priced at $10.54 with a gain of 0.87 percent at the press time after visiting levels below $10. Considering the indicators, the market sentiments show a positive trend, which might give a good push for the digital asset in the coming days.

  • The resistance levels are formed at $12.01
  • The support levels are formed at $9.97
  • The current market trend maintains a ‘buy’ signal for the asset.

Uniswap (UNI) Token Price Analysis

Uniswap one of the popular exchange that made huge gains during the recent DeFi boom, was also in rounds due to distribution of its native token UNI for free. The asset maintained a stagnant trend from the past couple of days which is speculated to be discarded very soon.

The UNI token is priced at $3.02 with a jump of 1.79 percent in the price at the press time. Currently, the UNI holders are seemed to be shedding their holding to accumulate more gains.

However, with the dip in price to the bottom levels, these traders tend to increase their holding yet again. Therefore, UNI can be an option if you already hold major cryptos like BTC or ETH.

  • The current resistance level is formed at $3.37
  • The support levels are formed at $2.85
  • The current market sentiments are with a ‘strong sell’ indicator

The dominant crypto Bitcoin is going to the moons currently by sharing 60.9 dominance percentage. The price also has surged to $12477.79 levels with a massive growth of 5.04 percent. On the other hand, Ethereum also surged by 4.15 percent by touching $385 at the press time.

Hence there is a clear path for BTC above $12500 and $400 for the ETH very soon.

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Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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