According to well-known crypto analysts Ali and World Of Charts, the popular decentralized exchange token Uniswap (UNI) and supply chain platform VeChain (VET) could be gearing up for major bullish moves. Their technical analysis suggests UNI may rally in the short term, while VET shows potential for a massive medium-term upswing.
What you'll learn 👉
UNI Primed for 1-4 Day Rally Towards $10
Ali, who goes by @ali_charts on X, has identified a buy signal from the TD Sequential indicator on Uniswap’s daily chart. Consequently, he believes UNI might rally over the next 1-4 days, potentially reaching the $10 level.\
His chart displays key Fibonacci retracement levels calculated from a recent peak and trough. Additionally, he has marked out resistance-turned-support zones that could act as price catalysts.
Currently trading at $7.49, a move to $10 would represent over a 33% upside for the decentralized exchange token.
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Show more +VET Targeting 500% Surge After Multi-Year Trendline Breakout
Meanwhile, @WorldOfCharts1 has identified VeChain’s breakout from a multi-year descending trendline, dating back to the 2018 peak. Moreover, VET has successfully retested and held a former resistance level as support.
Significantly, the chart analyst expects this bullish development to trigger a 500% price increase for VET over the coming months from the current $0.040452 level.
The chart shows an upward projection box pointing towards the 500% target following VET’s consolidation phase lately.
Both Analysts Spot Bullish Technical Setups
The technical analysis from Ali and World Of Charts suggests that Uniswap and VeChain could be on the cusp of major rallies. Besides spotting bullish indicators like trend breakouts and buy signals, they have outlined specific upside targets based on their chart studies.
As the crypto markets heat up, traders will be closely watching these tokens for confirmation of the projected moves from the respected analysts. However, investors should always do their own research before acting on any predictions.
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