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Prices of HBAR and UNI Display Enormous Strength; Will These Cryptos Boom in 2024?
The cryptocurrency market has been going through a tumultuous period, with top cryptos like Bitcoin (BTC), Ethereum (ETH), and XRP experiencing losses. However, amidst this volatility, two altcoins, Hedera (HBAR) and Uniswap (UNI), have showcased enormous strength. This article explores the possibility of these cryptos booming in 2025.
The market is heading towards the end of the year, which typically leads to an increase in unpredictability as traders adjust their positions before the new year begins. Despite this uncertainty, HBAR and UNI’s resilience offers a glimmer of hope for investors looking for alternatives to traditional assets.
HBAR Price Eyes New ATH at $1
HBAR has been on a tear since the start of the year, with its price experiencing an unprecedented surge. The token has already gained over 220% in the first half of the year alone and shows no signs of slowing down. As the token’s price continues to defy gravity, it’s essential for investors to consider the implications of such an impressive run.
While some may argue that HBAR is due for a correction, its recent price action suggests otherwise. The OBV has displayed a bearish divergence but may not validate a momentous shift from the ongoing bullish trend. With volumes increasing after a long period, it’s likely that the token will continue to rally and potentially touch new highs.
UNI Price Aims for 100% Rise Soon
Uniswap (UNI) has been no stranger to volatility in recent times. The token experienced a massive 220% gain before correcting by 13%. However, the token appears poised to bounce back from its current bearish pressure. UNI’s price is currently facing extreme bearish pressure for the second consecutive week, which could lead it to continue its downward trend.
Despite this, the OBV displays a bearish divergence that may not result in a reversal of the ongoing bullish trend. The token has experienced a 100% rise and still appears poised to continue this trend in the short term. With the first weekly Golden Cross, the price is expected to gain momentum and potentially touch levels above $24.
Conclusion
The recent performance of HBAR and UNI suggests that these cryptos may be on the cusp of a significant upswing. While no investment is risk-free, investors who have been keeping an eye on these tokens may want to consider adding them to their portfolios before prices potentially skyrocket in 2025.
Source: coinpedia.org
