Story Highlights
As the prices of top cryptocurrencies like BTC, ETH, and XRP begin to retract their gains, some altcoins are showing strong momentum.
HBAR and UNI, tokens that have experienced bull and bear markets, are regaining lost strength, marking 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 unique pattern is forming internally in the market. Bulls remain vigilant about the price trends of cryptocurrencies, triggering a strong rally after a brief consolidation, rushing towards higher resistance.
Meanwhile, the emergence of original tokens that have gone through multiple bull and bear markets has triggered speculation among traders to shift their focus back to fundamentals rather than trends.
Hedera (HBAR) price is expected to reach a new high of $1.
The price of Ivy surged significantly after rebounding from November's lows; HBAR price soared to its highest level since December 2021. With this recovery, market participants are confident about the upcoming price movements as the platform witnesses an unprecedented influx of buying volume. This seems to trigger strong bullish reasons for the HBAR price, which is believed to reach a new high by the end of the year, ultimately reaching $1 or slightly above that level, marking the peak of a sustained bull market.
The latest integration of Hedera and Chainlink seems to drive the rebound, entering a new bullish range. The price hovers between the 0.786 and 1 FIB levels, 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 below $0.25. However, if the RSI hovers in the upper region, bullish momentum may be maintained, potentially revitalizing a strong rally to the high of $0.571 before the end of the year.
Uniswap (UNI) price is expected to rise 100% soon.
Since the beginning of this year, the top DeFi token Uniswap has been highly volatile, rising more than 220% and then retracting by 13%. The price 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 pullback 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 it certainly cannot confirm an immediate shift in the current bullish trend. The token has experienced a rise in trading volume after a long time, and with the first weekly golden cross, the price is expected to gain a greater boost and trigger a 100% increase, reaching over $24.