Price Analysis

DOT, LINK & UNI Price Race To Dip Below $10, Who Will Reach First?

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Highlights

    Polkadot price is plunging hard and testing the strong support levels, if failed to rebound, the price is feared to revisit lower levels

    Chainlink price also followed major cryptos, heading to test the crucial support levels around $10

    Uniswap price broke the strong support levels and continues to dip towards the next support levels at $7

Polkadot Price Down By More Than 21%

The Polkadot price may revist lower levels after initiating a fresh slump since the present trading day. The price dropped on an average of 20% for the consecutive second day and hence new low levels may be fast approaching. 

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The price touched its peak during mid-may, just before the crash and dipped later following the market crash. Since then the price continued to trend within a narrow region forming new resistance and support levels. However, with the recent dump, the price broke the support levels around $15.7 and continued to decline. 

dotprice

At the time of writing, the DOT price is $14.08 with a dip of 21.18% in the past 24 hours. However, the next leg down may also be a buying opportunity as a rebound could be on the cards.

Technical Specifications

  • The resistance levels are at $24.78
  • The support levels are at $7.94
  • Indicators point out towards a strong sell

The LINK price recorded its bullish price a week before on 15th June. And later the plunge dragged the price close to $15. However, it broke the support levels at $19.7 and could test the next support levels if the dip continued. 

The RSI failed to surge above the 50 levels in the daily chart and began plunging at the end of May 2021. Currently, the levels are on the verge to enter the oversold area, depreciating the value to a large extent. 

linkprice

At the time of writing, the LINK price is $16.13 with a huge drop of 12.71% in the past 24 hours. However, if the price finds its way up in a coming couple of hours, a decent rebound may be imminent. Else may further slip towards the next support levels.

Technical Specifications

  • The resistance levels are at $26.5
  • The support levels are at $10.29
  • Indicators point out towards a strong sell signal

Uniswap Price Declines By More Than 10%

The UNI price plunged hard since it reached its highest levels close to $50. The initial decline dragged the price to $17 and continued to dip to current levels after a considerable surge. The price broke the support levels for the second time and hence forming a double bottom pattern.

uniprice

At the time of writing, the UNI price is $15.56 with a notable dip of 11.99% in the past 24 hours. The RSI levels are also dropping considerably and on the verge of a trend in the oversold area. The previous dip also had dragged these levels in the same region, yet a surge could not above 50.

Technical Specifications

  • The resistance levels are at $24
  • The support levels are at $7.5
  • Indicators point out at a sell signal

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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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