Stellar Lumens has moved beyond its trading range since early December and set a mid-term target at $ 0.42. Uniswap has encountered some selling pressure and could retest $ 17.4.
Stellar Lumens (XLM) price analysis
Stellar Lumens broke out of its previously traded range, retested range highs as support, and prepared for an upward move. Based on the width of the range, the projected bullish target for this XLM breakout is considered at $ 0.48.
The breakout occurred in high transaction volume, which saw the rise of OBV. This is a sign of market belief. XLM has bullish momentum behind it and is likely to hit $ 0.4 in the next few days.
Significant resistance is likely to be found at $ 0.42, representing a critical post-breakout point of the projected target beyond $ 0.36.
Uniswap (UNI) price analysis
The RSI is showing bearish momentum while the UNI is rising. This reveals that the decline is visible for UNI. A local high was formed at $ 21.16 in the recent uptrend and was unable to close a higher trading session due to bearish pressure.
Subsequent trading sessions saw the RSI drop below the neutral 50 and the UNI drop, and the critical resistance was retested.
Close support levels for the $ 18.65 and $ 17.4 UNI and are likely to drop to $ 17.4 in the next few days.