Price Analysis

Polkadot Price Slumps, Uniswap Price and XRP Price Follow The Suit

Highlights

    Polkadot price tanks below $40, yet possessing a huge momentum to rally further.

    Uniswap attempting hard to flip the bearish market and resume with uptrend soon

    XRP price consolidating within a narrow region, may be strong accumulation before a leg up

Polkadot (DOT) Price Continues To Plunge

Polkadot price rally from below $10 to almost hitting $50 has raised many eyebrows. The huge influx of volume only points out towards more masses getting attracted towards the platform. Yet in recent times, the asset experienced a price drain, yet kept the momentum intact.

The price has slumped below $30 after it hit the highest levels around $48, the previous month. However, the DOT price regained the lost strength and rallied to reach the current levels around $40. Yet currently, it appears that the price is losing momentum as it slides below $40.

dot price chart

At the time of writing, the polkadot price is $39.43 with a drop of nearly 4.86% in the last 24 hours. Currently, it is mandatory for the DOT price to sustain and trade above $40 maintain the uptrend further. 

Technical Specifications

  • The resistance level is at $41.9
  • The support level is at $38.5
  • The indicators point out towards a strong buy

Also Read: Polygon (MATIC) Price Stands Strong Above $1, How High Will It Rally?

Uniswap (UNI) Price Drops Significantly

One of the popular DeFi token UNI, the native currency of uniswap DEX made numerous headlines by smashing new ATH every new day. However, after clinching the new highs at $44, the UNI price initiated its price movement towards the south. 

The price kept on shedding the profits since the past couple of days, despite some minute pumps. The dump dragged the price below $35 for some moments, yet resumed the recovery phase soon.

uni price chart

At the time of writing, the UNI price is $38.39 with a drop of nearly 3.8% in the past 24 hours. The prime focus for the price currently is to regain the positions above $40 to keep the bullish momentum intact. 

Technical Specifications

  • The resistance level is at $41.22
  • The support level is at $35.7
  • The indicators point out towards a buy signal

Also Read: Shiba Price & DOGE Price Settles, Is 2021 The Year Of Dog Memes?

XRP Price Attempts Hard To Reach $1.5

XRP price since it smashed its yearly highs around $1.75 initiated with a downtrend and eventually dropped close to $1.2. However, the price regained the positions above $1.5, yet again failed to sustain.

The price dropped significantly around $1.2 and eventually formed a ‘W-shaped’ pattern in the hourly chart. Usually once the pattern’s neckline is broken, the price is expected to rally towards the north. But the price appears to have trending sideways 

xrp price chart

At the time of writing, the XRP price is $1.36 with a drop of nearly 1.48% since the past 24 hours. The price is required to regain the positions above $1.5 and maintain successfully to continue with the uptrend.

Technical Specifications

  • The resistance level is at $1.38
  • The support level is at $1.24
  • The indicators are currently neutral 

Also Read: Is Cardano a Possible Alternative For Tesla? ADA Price Hits New Heights

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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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