The crypto market has continued its rise today. This increase, It caused the renewal of a few subcoine. Crypto analyst Abody Oladokun, the focus of the market Bera and these 2 Altcoin is discussing.
Berachain (Bera)
Bera is one of today’s trend coins. It is currently traded for $ 5.82 and has increased by 1 %in the last 24 hours. However, a 50 %decrease in the transaction volume shows that the rally only reflects only a wider market rise trend and is not guided by real demand for Altcoin.
This tendency confirms the increasing sales pressure among the owners and disposes of more participant assets. If this persists, the price of the bera may drop to $ 5.37. However, if the bulls cannot defend this key support, the price may drop to $ 3.89. On the other hand, the new demand for Bera may increase the price to $ 8.49.
Bera Price Analysis. Source: TradingViewUniswap (UNI)
UNI is another Altcoin that investors are looking at today. The wider market recovered from the lowest levels of recent times, while the price increased by 1 %last day. Readings from UNI’s daily graph show that Altcoin may be preparing for a recovery. The relative power index (RSI) points to 30 and indicates that sellers are exhausted.
UNI’s RSI values show that it is approaching the over -selling zone with intense sales pressure. This offers a potential purchase opportunity, because prices may be below the value and a recovery may be experienced. If this happens, its Uni may rise to $ 6,57. But the situation is not always the case. Often, the RSI decreases further and exacerbates the downward pressure on the price of the existence. If this happens, the price of UNI may drop to $ 4.70.
UNI Price Analysis. Source: TradingViewHyperliquid (Hype)
Hype is a trend today because of the activity of a crypto whale. On Wednesday, a whale invested $ 5,22 million in Hyperliquid to open high -risk long positions on Ethereum (ETH) and Bitcoin (BTC). On-Chain data shows that the transaction contains 50x leverage ETH Long position from $ 1,884.4, liquidation from $ 1.838.2 and $ 82.003.9 BTC Long position and $ 61.182 liquidation. This positioning points to a strong belief in a strong rise despite the fluctuation in the market.
Hype, which was traded for $ 13,41 during the writing, opposed the general upward trend in the market and made a 9 %decline. With declining procurement pressure, Hype is at risk of falling up to $ 10.44, the lowest level of all time. On the other hand, an increase in purchase activity may increase the price of HYPE to $ 15.73.
Hype Price Analysis. Source: TradingViewThe opinions and estimates in the article belong to the analyst and are not definitely investment advice. Kriptokoin.comWe recommend that you do your own research before investing.
