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
It is super easy to buy Bitcoin. Just take a look at our exchange comparison!
This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)
Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
