Polkadot is projected to achieve fresher peaks in the short term before a final correction. Uniswap, on the other hand, gave mixed signals at the time of this writing and a drop below its support at $ 17.6 could be seen.
Polkadot (DOT) price analysis
Polkadot voided all bearish predictions and rose to an all-time high of $ 22.45 at the time of this writing. Backed by strong buying pressure and healthy volumes, the recent rally increased DOT’s market value to over $ 19.3 billion and placed it among the top 5 crypto rankings. Given the strong uptrend over the past 30 days, DOT could possibly form newer highs in the coming days.
The bullish trend in the MACD also supported a positive result for the DOT. The Relative Strength Index is not yet at the turning point and it also supports a long bullish result. On the other hand, the bearish scenario can see that the DOT may drop below the 50-SMA (yellow), which may indicate a trend reversal in the short to medium term.
Uniswap (UNI) price analysis
Uniswap is back from the $ 17.6 support after the price fell from an all-time high. By the Awesome Oscillator, the bulls targeted the $ 20 resistance and bullish momentum was caught. The skepticism in the UNI market stems from purchasing activity and trading volumes not being noticed much in the last 24 hours.
Chaikin Money Flow favored the sell side as the index dropped below the half line. Losing to the $ 17.6 support level could lead to a trend reversal and offer sell signals for traders.