Bitcoin and ETH at Make-or-Break Levels, UNI Aims Fresh Surge

Key Insights:

• Bitcoin gained pace and tested the key $40,000 resistance.
• Ether (ETH) faced resistance near $2,965 and corrected lower.
• UNI climbed over 10% and eye a strong reversal above $8.00.

Bitcoin

After a clear move above the $38,800 resistance, bitcoin price started a steady increase. There was a break above the $39,400 resistance zone.

The price even tested the key $40,000 resistance, where the bears appeared. As a result, BTC started a downside correction and declined below $39,400. There was a move below the $39,100 support and the 21 simple moving average (H1).

Besides, there is a key bearish trend line forming with resistance near $39,450 on the hourly chart. On the downside, there is a major support at $38,750. If the bulls fail to protect $38,750, the price could start a fresh decline.

Ethereum (ETH)

ETH also started a fresh increase above the $2,850 resistance level. The bulls pushed the price above the $2,915 resistance level and the 21 simple moving average (H1).

However, it struggled near $2,965 and there was no test of $3,000. Ether is now correcting gains and trading below $2,900. On the downside, there is a key support near the $2,850 level, below which the price could restart downtrend.

Conversely, the price might start a fresh increase above the $2,915 resistance. The main barrier is still near $3,000.

Uniswap (UNI)

UNI started a strong decline after it topped near the $12.00 level. The bears pushed the price below the $10.50 and $10.00 support levels.

It even moved below the $8.00 level and the 21-day simple moving average. Finally, there was a spike below the $7.00 level and the price tested the $6.30 zone. Recently, the price started a recovery wave above the $7.00 resistance.

It gained over 10% and was able to spike above the $7.80 resistance. On the upside, the $8.00 level and a major bearish trend line on the daily chart hold the key for the bulls.

A close above the trend line might start a fresh increase towards the $10.00 resistance. The next major resistance is near the $11.20 level. If there is no upside break, the price could restart decline and test the $7.00 level. The next key support sits at $6.30.

ADA, BNB, and DOT price

Cardano (ADA) surged over 15% and tested the $0.900 resistance. It is now correcting gains and might even test the $0.82 support.

BNB tested the $410 resistance zone, where the bears appeared. The price is correcting lower and could revisit the $388 support zone.

Polkadot (DOT) is holding gains above the $15.00 resistance. A clear move above the $16.20 level may perhaps open the doors for more upsides.

A few trending coins are TRX, ETC, and AXS. Out of these, ETC is gaining pace above the $30.00 resistance zone and might rise further.