2024-12-18 09:49:56
Prices of HBAR and UNI Display Enormous Strength; Will These Cryptos Boom in 2025?
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The post Prices of HBAR and UNI Display Enormous Strength; Will These Cryptos Boom in 2025? appeared first on Coinpedia Fintech News As the markets are heading towards the end of the year, the volatility has increased as expected. Meanwhile, these levels favour both the bulls and the bears at frequent intervals, suggesting a particular pattern being formed within the markets. The bull remains vigilant over the price trends of the cryptos and, after a brief consolidation, triggers a strong rise towards the higher resistance. Meanwhile, the emergence of the primitive tokens that have experienced multiple bull & bear markets has raised the speculation of traders shifting their focus back to the fundamentals more than the trend. Hedera (HBAR) Price Eyes At a New ATH at $1 Hedera price triggered a massive upswing after rebounding from the November lows; HBAR price surged and achieved levels not seen since December 2021. With this recovery, the market participants became confident of the upcoming price action as the platform witnessed a huge influx of buying volume that it had never witnessed ever in history. This seems to have triggered a strong bullish case for the HBAR price, which is believed to mark new highs before the end of the year and eventually reach $1 or levels just above, marking the peak for the ongoing bull run. The latest integration of Hedera & Chainlink seems to have fueled the rally, which is about to enter a fresh bullish range. The price is stuck between 0.786 & 1 FIB levels between $0.44 and $0.571. As the RSI has displayed a bearish divergence from the overbought zone, a small pullback in the price is expected, which has begun and reached levels below $0.25. However, if the RSI hovers within the upper zone, the bullish momentum could be held, which may revamp a strong rise towards the ATH at $0.571 before the end of the year. Uniswap (UNI) Price Aims for a 100% Rise Soon The top DeFi token, Uniswap, has been largely volatile since the start of the year and experienced over 220% rise followed by 13% retracement. The price failed to clear one of the pivotal resistance zones between $18.9 and $19.6, the neckline of the parabolic recovery. However, the UNI price is expected to face an extended pullback and eventually trigger a strong rebound in no time. The UNI price is currently facing extreme bearish pressure for the second consecutive week, which suggests it may maintain a strong descending trend until the end. The OBV has displayed a bearish divergence but may certainly not validate a momental shift from the ongoing bullish trend. The token is experiencing a rise in volumes after a long time and with the first weekly Golden Cross, the price is expected to get a larger boost and trigger a 100% rise, reaching levels above $24.
