Ethereum price has just hit a new all-time high on Coinbase and the DeFi market is following closely. In the past week, there are several DeFi projects that have experienced gains higher than 100%.
Uniswap price has also hit a new all-time high at $9.93 today reaching a total market capitalization of $2.4 billion. Similarly, Chainlink price also established a new all-time high at $23.76 and bulls are keeping the digital asset above $20.
On the other hand, Band price seems to be ready for a breakout towards a new all-time high.
Uniswap price reaches new highs
UNI price had a massive breakout on January 13 climbing 13% within 24 hours. Amazingly, the digital asset had a ton of bullish continuation in the next few days finally reaching a new all-time high at $9.93 today.
UNI/USD daily chart – TradingView
As long as the bulls can hold the 26-EMA, the uptrend will remain intact as UNI price aims for new highs. Considering the digital asset is in price discovery territory and Ethereum has reached new all-time highs as well, the likelihood of Uniswap rising higher is certainly strong.
Chainlink price consolidates after new all-time high
It’s not surprising to see Chainlink drop by almost 15% in the past two days after a significant rally towards a new all-time high at $23.76. This pullback should be considered healthy as the daily 12-EMA is still below $20 at $18.7 currently.
LINK/USD daily chart – TradingView
Optimally, bulls would want to defend the 12-EMA and then see a rebound from there into a new high. However, as long as the 26-EMA is held, the uptrend can continue.
Band Protocol price needs to crack this resistance level
Unlike the other two DeFi projects in our list, BAND price hasn’t yet hit a new all-time high and it’s currently trading at $9.7, way below $17.78. The digital asset faces a critical resistance level at $10.8 which seems to be the key for that new all-time high as there is very weak opposition above this point.
BAND/USD daily chart – TradingView
So far, on the daily chart, bulls have defended the 12-EMA on several occasions and it seems that a rebound above $10.8 could be likely considering the strength of the entire market.
.
Follow CryptoTicker on Twitter and Telegram for daily crypto news and price analysis
Recommended posts
-
Can Shiba Inu Price Reach 10 Cents? -
Uniswap Price Forecast – UNI Could Be On The Verge Of A Breakout -
LINK Price Jumps to $11.5 After Strong Rebound
- Big News: Ripple Price is about to TRIPLE? This News Confirms…
-
Top DeFi Cryptocurrencies Price Prediction: SushiSwap and Uniswap continue to rise in unstoppable rallies -
Yearn.Finance (YFI) Price Continues Exploding Hitting $17,000 - Newscrypto Coin (NWC) Price Could Be On The Verge of a Massive Surge
-
Shiba Inu Price Prediction: How High can SHIB Price reach by 2030? -
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: ETH hits new all-time high, signaling alt season is near
- ChainLink Price Continues Exploding Hitting $17
-
Crypto Millionaire: Buy THESE Cryptos before they BOOM in 2023?
- ChainLink Price Continues Surging Above $11 Despite Criticism
- Chainlink Price Prediction: LINK aiming for a 25% move
-
Ethereum Price Touches $1,500 For The First Time Ever
-
The Big Ripple Price Prediction for 2023 – How high can the XRP price go in 2023? - Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC Hits $40,000 Again as Bull Market Returns
- Ripple Price Analysis: XRP Price building gains above $0.293
- Ripple Price Prediction – How High will XRP reach in 2050?
- XRP Price Could Slide Lower In The Short-Term
You might also like
More from BAND
Band Protocol Price Forecast – When Will BAND Continue Rising Again?
Band Protocol's price reached its all time high at $18.1 and was able to correct a bit. When will BAND's …
Band Protocol Price Analysis: BAND Price Gains 500% in 30 Days!
BAND Price is showing strong growth. The current market situation is showing an influential bullish momentum. Many cryptocurrencies are already running …
