Next Week's Top Altcoins to Stack: Bonk Prices Expected to Rise, Notcoin (NOT), and Uniswap (UNI)
Top Altcoins to Stack Next Week: Prices of Bonk, Notcoin, and Uniswap (UNI) Are Expected to Rise Further first appeared on Coinpedia Fintech News. While the price of Bitcoin continues to hover around $70,000, the altcoin market is growing more and more dominating. Furthermore, the authorization of a spot Ethereum ETF has recently increased demand for altcoin purchases, which could soon result in a rise in trading volume.
Bitcoin's $70K Could Stop the Rise of Altcoins
The price of bitcoin has recently increased significantly due to an increase in ETF volume, leveling off at $70K. Over the course of the week, Bitcoin's dominance decreased somewhat, falling 2.3%, in response to the approval of a spot Ethereum ETF.
The altcoin season index peaked at 43 and has been trending lower since May 20. This suggests that a rally in the market may not be imminent. Nevertheless, the altcoin market may soon gain traction when SOL and XRP ETF preparations get under started.
Analysis of Uniswap (UNI) Prices
Right now, the price of Uniswap is hovering above $11, having surged enormously over its Fib channels. As of this writing, the price of UNI is trading at $11.2, up more than 3.8% from yesterday's price.
Right now, buyers are putting more pressure on the market in an attempt to break over the $12 mark, which is being fiercely defended by bears. A spike above $12 might bolster long holdings and send prices higher toward the $17.2 mark. See also: Uniswap (UNI) Price Breaks Free of Consolidation, Pointing to a Potential 25% Upswing in the Near Future! A rejection from $12, however, would imply that bears are attempting to turn this level into a resistance level. A decline below the EMA20 trend line is required by bears to start a bearish rebound. This might push the cost up to $8.2.
Analysis of Bonk Prices
Recently, there has been a noticeable increase in the price of Bonk as it attempts to break through adjacent resistance levels. Bears are actively trying to stop future rises in spite of this, and they have established significant resistance around $0.000037. As of right now, Bonk is trading at $0.000035, down 2.8% over the previous day.
It looks as though the trading pair BONK/USDT will break over Fibonacci levels and hit the resistance around $0.000048. Bears believe that staying above this threshold is essential to retaining their hegemony because doing so could signal a shift in the market's composition. If it is successful, next week's price might rise to a new ATH. Also read: If bulls surpass $X, the price of BONK could rise by 60%. On the other hand, a drop below the moving averages could support bearish trades. Consequently, the price of Bonk may move in the direction of the $0.000022 immediate support level. Should bears maintain their grip, the Bonk price may decline in the direction of the $0.0000135 support level.
Analysis of Notcoin Prices
On the 15-minute price chart, the price of Notcoin has been fluctuating around the moving averages, which indicates a serious conflict between buyers and sellers. Bears have been successful in driving the price below the EMA trend lines recently. The NOT price is currently trading at $0.0051 after rising by more than 2.8% over the previous day.
The sellers are trying to keep the price below the Fib lines and moving averages. If they are successful, the NOT/USDT pair may drop to the crucial $0.0046 support level, which would probably lead to purchasers becoming more aggressive with their purchases. A strong reversal from $0.0046 can make the sideways trend last longer. The buyers need to break through the falling resistance channel in order to signal a change in momentum. If this is accomplished, the price may rise to $0.0057 and could even hit the significant resistance level at $0.0068.
