Cryptocurrencies Price Prediction: Bitcoin, Monero & Uniswap – Asian Wrap 13 Oct


Bitcoin Price Prediction: BTC flashes sell signal, short-term correction imminent

After falling from $11,925 to $10,165 on 2nd and 3rd September, Bitcoin entered a consolidation period, which lasted till October 7. During this period, the premier cryptocurrency managed to stay above the $10,000-mark. Finally, on October 7, BTC started a bullish rally, which saw it go up from $10,600 to $11,500 (as of writing).

Despite this strong upward movement, the price has currently faced rejection at the $11,700 resistance level.

BTCUSD daily chart

Monero Price Analysis: XMR jumps by more than 70% over the last one month

Monero is currently in the middle of a bullish rally and has reached its highest levels since early September 2018. Since September 3, 2020, the leading privacy coin has jumped by 73% from $77 to $133. The network is currently prepping for a major network upgrade that will take place on October 17.

XMR is presently trending in an ascending channel formation. As previously mentioned, XMR reached an intraday high of $138.50 this Monday, a level not seen since September 2018. The MACD shows increasing bullish momentum, which the buyers will want to take advantage of to break above the $140 resistance level.

XMR/USD daily chart

Uniswap Price Prediction: UNI eying up a significant price move, shows indicators

The release of UNI was one of the most successful ones, rapidly climbing towards a $700 million market capitalization and getting listed on all major exchanges like Binance, and others. The initial bull rally didn’t last long and after peaking at $8, UNI is now only trading at $3.29.

Although UNI has managed to rebound from the low of $2.47, it is still facing an important resistance level established at $3.5 on the 12-hour chart and tested several times during the past week. Rejection from this level has the potential to take UNI down to $3 in the short-term.

uni price

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Uniswap Price Prediction: UNI needs to crack $3.1 for a massive price explosion

Uniswap has been in a downtrend for several weeks now while bulls attempt to see any kind of rebound. The digital asset seems to be facing a crucial resistance point. Let’s take a look at several indicators and patterns to determine the direction of the price.

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Yearn.Finance Price Prediction: YFI looks poised for a breakout towards $20,000

YFI has been trading inside a massive downtrend since September 12 and formed a head and shoulders pattern that broke bearishly. After losing close to 70% of its value over one month, the digital asset seems ready for a massive rebound. 

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Bitcoin Weekly Forecast: Bitcoin goes up as some of the world's largest currencies go down

While investors are waiting for BTC to retest all-time highs and shoot to the moon, it is already there. In some countries, the pioneer digital asset surpassed the peak of 2017 and hit new historic highs in local currencies.

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