NewsPrice Analysis

Top Crypto Gainers of October 9th – YFI, UNI and LINK

Highlights

    After the continuous plunge and narrow trend of the major coins, the crypto space witnessed a spike.

    Besides the major coins like Bitcoin, Ethereum, many other coins also surged with a huge margin.

The unpredictable crypto space has kept everyone on their toes from the past few days. Where the major coins choose to swing with less volatility, the other popular coins took a long jump to recover losses. Let’s list out the top 3 gainers of the crypto space in the past 24 hours.

Chainlink(LINK)

LINK Price

Chainlink is one of the popular tokens with the maximum dominance within the DeFi space. The token had gained nearly 10.91 percent in the last 24 hours. The price which has faced a plunge a couple of days before has now entered a retraced phase.

The market sentiments among the traders remained bullish despite the plunge. Therefore, the probabilities of the market moving towards a bull run is quite high. However, All-Time High still remains at more length.

Chainlink’s price at $10.14 with a gain of nearly 17.48 percent and a market capitalization of more than $ 3 billion.

Technical Points

The resistance level falls at $10.50 

The support level lies at $9.7 range.

Also Read , Chainlink Price Prediction 2020 – How High Will LINK Reach?

Yearn.finance(YFI)

YFI Price

The next token on our list is yearn.finance token. The YFI token which created records by touching $40000 has slipped below $14000 in the recent times.However, the DeFi token managed in the due course of retracement, managed to cross $18000 within 24 hours. 

The market sentiments occur extremely bullish with the token expected to pump to the large highs. Currently YFI is priced at $18,762 with a massive gain of 42.06 percent at the press time.

Technical Points

  • The key resistance level lies above $20000 mark
  • The support region lies surrounding $16575 region

Also Read : Yearn.Finance Price Prediction 2020. Will YFI Price Reach $20,000?

Uniswap(UNI)

UNI price

The Uniswap exchange’s native token UNI, jumped dramatically nearly 29.63 percent within 24 hours. The DeFi token that managed to pump massively within a couple of days of inception had plunged to bottom levels touching $2.56 recently.

 Currently, UNI is priced at $3.47 with a giant gain of 29.63 percent. Also the bullish trend follows the digital asset, with the prices expected to pump to its latest all-time high very soon.

Technical Points

  • The resistance level stands strong at $3.8 
  • The support levels is at $2.6 

The crypto market’s bullish trend if continues, the cryptocurrencies are expected to complete the correction phase to enter yet another bull run.

Also Read : Uniswap (UNI) Price Prediction: How High Will UNI Token Go?

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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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