Polkadot price dumped below the support trend line, following the bearish divergence
Uniswap price breaks down the consolidation phase and plunges below $30 testing pivot regions
Filecoin price dumps hard after gaining huge attention with a massive surge this month
The crypto space witnessed a roller coaster ride by experiencing a decent surge and a steep plunge within hours of trading. The market capitalization which was an inch close to clinching the $2 trillion milestone, has widened the gap. Major cryptos like Bitcoin and Ethereum faced drastic dumps. Amid the bearish divergence, Polkadot price, uniswap price and Filecoin price declined massively.
Polkadot (DOT) Price Drained More Than 12%
Polkadot price had intensified its race towards $100 recently, yet has dumped below $40 after smashing high above $46. The price maintained a constant uptrend within an ascending channel. However, the support levels of the channel were broken and the DOT price slides breaking the channel.
The RSI indicators are currently diving below 15 forecasting a downtrend haunting the price. At the time of writing, the DOT price is $38.41 with a drop of nearly 12.12% in the last 24 hours. Currently it is mandatory for the price to bounce back above $40 else revisiting lower level may be imminent.
- The resistance levels are at $45
- The support levels are at $37 initially and later at $35.
- The indicators point out towards a buy signal
Uniswap (UNI) Price Drops More Than 8%
Uniswap price which gained the spotlight amid the DeFi boom in 2020, had smashed the ATH in recent days. However, after leading the DEX space, the UNI price is currently plunging hard below $30 since the early trading hours.
The price was trending within a consolidation zone since the last week of the previous month and hence a massive breakout was expected. However, the DeFi token broke the consolidation towards the south and created a misty cloud over the probable uptrend.
At the time of writing, the UNI price is $28.68 with a notable drop of 8.12% in the last 24 hours. The RSI indicators are indicating a downtrend by dropping hard close to 16.36 levels. Therefore the plunge needs to be flipped at the earliest to continue the uptrend.
- The resistance levels are at $31 initially and later close to $35.
- The support levels are at $26
- The indicators are currently neutral
Filecoin(FIL) Price Dumps More Than 15%
Filecoin price recently surged like a giant and gained more than 165% weekly gains outperforming Theta. The price spiked towards the highest levels, smashing ATH at $237.24 in a small time frame. Woefully, dumped hard draining nearly 43% till the press time.
At the time of writing, the FIl price is $147.08 with a massive drop of 15.73% in the past 24 hours. The RSI indicators dumped hard hitting the levels close to 16, yet appears to have retraced to 25.
- The resistance levels are at $187
- The support levels are at $124
- The technical indicators for FIL price point out towards a buy signal.