Story Highlights
As the prices of top cryptocurrencies like BTC, ETH, and XRP begin to retrace gains, some altcoins are showing strong momentum.
Tokens like HBAR and UNI that have experienced bull and bear markets are regaining lost strength, signaling the entry of veterans.
As the market approaches the end of the year, volatility is increasing as expected. At the same time, these levels frequently favor both bulls and bears, indicating that a special pattern is forming within the market. Bulls remain vigilant about the price trends of cryptocurrencies, triggering a strong rally after a brief consolidation, rushing towards higher resistance levels.
Meanwhile, the emergence of original tokens that have gone through multiple bull and bear markets has prompted traders to shift their attention back to fundamentals rather than trend speculation.
Hedera (HBAR) price is expected to hit a new high of $1.
Ivy's price surged significantly after rebounding from November's lows; HBAR's price skyrocketed to its highest level since December 2021. With this recovery, market participants are confident about the upcoming price trends, as the platform has witnessed an unprecedented influx of buying volume. This seems to trigger a strong bullish case for the HBAR price, which is believed to reach new highs before the end of the year, ultimately hitting the level of $1 or slightly above, marking the peak of a sustained bull market.
The recent integration of Hedera and Chainlink seems to have driven the rebound, entering a new bullish range. The price hovers between the 0.786 and 1 FIB levels, ranging between $0.44 and $0.571. As the RSI shows bearish divergence with the overbought area, a slight price pullback is expected, which has already begun and reached levels below $0.25. However, if the RSI lingers in the upper region, bullish momentum may be maintained, potentially reviving a strong rally to a peak of $0.571 before the end of the year.
The price of Uniswap (UNI) is expected to rise 100% soon.
Since the beginning of this year, the top DeFi token Uniswap has been highly volatile, rising over 220% and then pulling back 13%. The price has failed to break through one of the key resistance zones between $18.9 and $19.6, which is the neckline of a parabolic rebound. However, the UNI price is expected to face a long-term correction and eventually trigger a strong rebound soon.
The UNI price is currently facing extreme bearish pressure for the second consecutive week, indicating that it may maintain a strong downtrend until the end. OBV shows bearish divergence but certainly cannot confirm an immediate shift in the current bullish trend. The token has experienced an increase in trading volume after a long period, and with the first weekly golden cross, the price is expected to gain greater momentum and trigger a 100% rise, reaching levels above $24.