Altcoins are ready: Here’s what’s next for Polkadot (DOT), Uniswap (UNI), and Polygon (MATIC) prices.

The post Altcoins Are Ready: What’s Next for Polkadot (DOT), Uniswap (UNI), and Polygon (MATIC) Prices appeared first on Coinpedia.

Polkadot (DOT) price analysis

• Polkadot price has been trading along an upward trend line that has been serving as strong support for the past few weeks.

• Despite a significant increase in buying pressure, bulls were unable to push prices above that level, suggesting significant bearish activity.

• While RSI is flat, MACD is showing a possibility of a downward crossover. This could force the price to move sideways for a while or push the price within an ascending triangle and keep it at the support level.

• Immediate resistance is at $7.57 and hitting this level could push the price towards a top, which could trigger a new bullish breakout towards double digits.

Uniswap (UNI) price analysis

• Despite the short-term bounce, UNI prices continue to trade under extreme long-term bearish influence.

• Like Chainlink, UNI price has also been consolidating within a narrow range for over 20 months.

• RSI is showing a big change, but it appears to have less impact on the price as the downtrend is limiting the rally to below $7.5.

• Absent major changes in trading plans, consolidation may continue until market sentiment shifts completely in favor of the bulls.

Polygon (MATIC) Price Analysis

• MATIC price has shown rapid strength over the past few days, rising by more than 10% to 12%, reaching levels above $0.8.

• The token is facing bearish pressure, but bulls are working hard to maintain a healthy uptrend by attracting liquidity.

• However, the RSI continues to rise, which suggests that the price will remain trading higher for a long time and reach $0.9.

• Holding above this level and clearing $0.95 could pave the way for Polygon price to regain levels above $1.