NewsPrice Analysis

Bitcoin Price Tumbling Down!! DOT, YFI, and UNI Follow the Suit


    Bitcoin price is dipping down after a huge pump

    Other cryptos also follow Bitcoin and plunge

The crypto space witnesses swing every new day. And currently with the slight dip in the Bitcoin price has led the majority of the cryptos to plunge. The price of most popular cryptos like DOT, YFI, UNI, CRO, ADA, etc also had a notable dump.

Polkadot(DOT) Price

Polkadot price in recent hours has led to a massive drawback with more than 5 perent plunge in the DOT price. It seems that the gains of the asset in the last couple of days may have gone in vain in the last 24 hours.

Currently, DOT price is $4.42 with a massive dip of 6.44 percent at the press time, which is a pretty huge dump. The indicators suggest that the asset is oversold in the last 24 hours and investors have no mood to shift their focus on buy rather than sell.

  • The resistance levels stand at $4.86
  • The support levels were formed at $4.66 which has been broken down to new levels at $4.36
  • The technical indicators point out a ‘strong buy’ signal

Yearn.Finance(YFI) Price

Yearn finance(YFI) also which is known to showcase massive pump and dump within a small time frame, yet has done the same. Usually, it pumps and dumps with a massive percentage, currently, it’s above 5 percent.

It seems that investors currently have shifted their focus on different projects, as YFI trading volume has decreased drastically over the past few days. Despite this, the asset had surged above $15000 but woefully, the immense selling has pulled YFI price below $13200.

The YFI price is $13,155 with a dip of 5.13 percent at the press time in the last 24 hours.

  • The current resistance levels are formed at $15,593
  • The current support levels are formed at $12,776
  • The technical indicators point out at ‘Sell’ signal

Uniswap(UNI) Price

The Uniswap price also seems to have broken the support levels and dipped below. The UNI price has slashed more than 5 percent in the last 24 hours, bring down the price below $3. 

The UNI price is $2.68 with a dip of nearly 5.57 percent at the press time in the last 24 hours.

  • The current resistance levels are at $3.31
  • The current support levels are at $2.65
  • Technical indicators point at ‘Sell’ indicators

The whole crypto space market capitalization is currently $393.9 billion with a dip of 1.75 percent in the last 24 hours. The Bitcoin price also has dumped to $13,211 of about 1.38 percent.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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