Analysis
Chainlink, Uniswap and Filecoin Price Analysis: August 13
Bitcoin stands above $46,000 on the back of a 2.2% increase, altcoins registered similar upward movements on their respective charts. LINK appreciated by 3.4% while UNI eyed to restest its $30.27 resistance over the upcoming trading sessions. Filecoin stood at $71.34, a level it hadn’t touched in a month’s time.
Chainlink
LINK/USD, TradingView
Chainlink registered a 3.4% hike in prices over the last 24 hours as it stood at $26.42. LINK’s uptrend has been particularly slow due to the major consolidation it witnessed in the last two weeks. However, at the current price level, the alt recorded a one month high as compared to prices in July. A sustained upward price movement could push LINK to retest the $27.08 resistance level.
Awesome Oscillator noted the onset of a bullish signal while Relative Strength Index witnessed an uptick; this implied strengthened buying pressure in the market. Chaikin Money Flow also recorded a slight increase in capital inflows.
Uniswap
UNI/USD, TradingView
Uniswap rose by 3.7% over the last 24 hours as it was valued at $29.76. The continued uptrend could propel UNI to retest $30.27.
Technicals suggest renewed bullish signal, the Awesome Oscillator registered a green signal bar after series of red bars. Relative Strength Index shot up above the midline, indicating buying strength grew.
MACD on the other hand, still displayed red histograms, however, UNI could approach a bullish crossover soon.
On the flip side, if the bulls tire from trading around the current price region over the next couple of sessions, prices could rest at $27.10. Recently, Uniswap set a new record of being the first-ever protocol to conquer a milestone of $1 Billion fee generation.Filecoin
FIL/USD, TradingView
At press time, FIL stood at $71.34 after increasing by a minor 0.5%. If the bulls successfully propel prices higher, FIL could retest the $74.98 ceiling.
Awesome Oscillator noted a green signal bar suggesting an onset of the bullish signal. Relative Strength Index remained positive as it was seen near the 60-mark. This reading implied that as FIL moved north on its charts, buying pressure also observed a hike.
Bollinger Bands demonstrated slight divergence, indicating chances of an increase in volatility over the next trading sessions. In the case of a fall in prices, the support level awaits FIL at $65.80.
