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Uniswap (UNI) is steady above $15 in a buy trend continuation pattern. Meanwhile, Avalanche (AVAX) has support at around $100 even as prices range.
Uniswap (UNI)
The platform is the world's largest DEX on Ethereum.
Past Performance of UNI
There were hints of weakness on December 28. Uniswap token prices are currently trending around this week's highs, rejecting lower lows. From the UNI crypto performance in the daily chart, the token outperforms the USDT.
Uniswap Technical Analysis
There is a two-bar pattern in the UNIUSDT daily chart. Although there are gains in the early December 29 sessions, a confirmation may see bears flow back, unwinding progress. All the same, the uptrend remains. Specifically, the UNI token is within a bullish break out pattern following the close above $15 and the middle BB. Based on the performance in the daily chart, every low may offer entries for UNI crypto bulls targeting $22 in the medium term.
Day-Ahead and what to Expect
The path of least resistance is northwards in the short term. Because sellers didn't flow back to confirm losses of December 28, there might be more entry opportunities for aggressive Uniswap coin buyers. On the reverse side, losses below $17 might trigger a sell-off back towards the middle BB in a retest.
Avalanche (AVAX)
The layer-1 blockchain is the second most valuable DeFi-focused blockchain. AVAX is native to the network.
Past Performance of AVAX
Currently, Avalanche prices are wavy but above the $100 support line. Overall, AVAX crypto is bullish despite the dips of the past few days.
Avalanche Technical Analysis
After a 13.5X surge to new all-time highs, AVAXUSDT prices are cooling off as per the development in the daily chart. At spot rates, prices have contracted to retest primary support levels marked by Fibonacci retracement levels. If AVAX coin buyers keep prices above $100, bulls have the upper hand. Even so, the AVAX bullish structure will remain even if prices sink to December 2021 lows of around $75. Based on this, a recovery above $120 to unwind losses of December 28 would be ideal for an immediate buy trend continuation.
Day-Ahead and what to Expect
The path of least resistance is northwards. Even so, AVAXUSDT is consolidating in a $70 zone with caps at $75 and $145 on the upper end. A reversal of December 28 losses above $100 could support hopeful buyers targeting $120—and better in the short-term.