Cryptocurrencies Price Prediction: Dogecoin, Avalanche & Uniswap – Asian Wrap 23 December
|Dogecoin Price Forecast: DOGE eyes breakout as falling wedge and bullish on-chain signals align
Dogecoin (DOGE) is trading within a falling wedge pattern at around $0.13 on Tuesday, and a breakout of this pattern favors bulls. While broader market conditions still remain mixed, improving on-chain and derivatives signals suggest growing optimism among traders, raising the possibility of an upside breakout if momentum continues to build.
Avalanche Price Forecast: Record high active addresses boosts AVAX whales interest
Avalanche (AVAX) trades above $12 at press time on Tuesday, following a 2% rise on the previous day. The layer-1 blockchain token shows signs of recovery, with active addresses hitting a monthly record high in December, and large wallet investors, commonly referred to as whales, are backing the renewed risk-on sentiment in the derivatives market. Technically, AVAX upswings within a descending falling wedge pattern, with bulls eyeing a potential breakout rally.
Uniswap Price Forecast: UNI holds above $6 as traders eye UNIfication vote outcome
Uniswap (UNI) price holds above $6 at the time of writing on Tuesday after closing above a key resistance zone in the previous week. Traders are focusing on the highly anticipated UNIfication proposal, which is set to conclude on Thursday, and could become a key near-term catalyst. On the technical side, momentum indicators are flashing bullish signals, hinting at an upside rally.
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