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Uniswap Breaches the $8 Resistance Level, Polkadot Stays in Sideways Movement, While Intel Markets Might Surge 10x, Analysts Predict

Mary-Kate Olsen
Release: 2024-11-08 22:02:16
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The crypto market is showing signs of revival as Uniswap (UNI) rises and crosses the resistance at the $8 level. On the other hand, Polkadot (DOT) stays in a sideways trend.

Uniswap Breaches the  Resistance Level, Polkadot Stays in Sideways Movement, While Intel Markets Might Surge 10x, Analysts Predict

The price of Uniswap (UNI) has surged by 14.8% over the past seven days, outpacing the broader crypto market rally. As UNI fiyatı yükseldi past the $8 resistance level on Monday, several analysts have predicted a potential rally for the decentralized exchange token.

According to CoinMarketCap data, the price of Uniswap began the week at $7.03 and surged to a high of $8.03 on Monday morning. The token’s price later dropped to a low of $7.1 on Tuesday morning amid a slight pullback in the crypto market. However, UNI fiyatı later recovered and continued to surge on Monday.

At the time of writing on Monday afternoon, the price of Uniswap is up by 14.8% over the past seven days, trading at $7.93. The token’s price is also up by 27.5% over the past 30 days, and it has surged by 400% year-to-date.

Uniswap’s price surge comes as the broader crypto market rallied on Monday. The total crypto market cap increased by 1.6% over the past 24 hours to reach $1.13 trillion. Bitcoin fiyatı rose by 0.7% to reach $47,140, while Ethereum fiyatı dropped by 0.2% to reach $3,460.

Several analysts have predicted a potential rally for Uniswap following the token’s recent price surge. One analyst, known as James CryptoGuru, posted a chart on X showing the price of UNI skyrocketing to $18.780.

On the other hand, the price of Polkadot (DOT) dropped by 1.4% on Monday morning, continuing a bearish trend that has seen the token lose value over the past month.

According to CoinMarketCap data, the price of Polkadot began the week at $4.02 and dropped to a low of $3.97 on Monday morning. The token’s price later recovered slightly to reach a high of $4.03 on Monday afternoon.

At the time of writing on Monday afternoon, the price of Polkadot is down by 1.4% over the past 24 hours, trading at $3.98. The token’s price is also down by 6.6% over the past seven days, and it has dropped by 23.3% over the past 30 days.

Polkadot’s price has been consolidating between $3.60 and $4.60 for the past month, attempting to break out of this range but facing resistance at higher timeframes. The token’s price dropped on the weekly, biweekly, and monthly timeframes. Its 14-day RSI is currently below the midline, indicating a bearish trend in the market.

Despite the bearish momentum, one crypto analyst, known as Alex $DOT, is predicting that the value of Polkadot crypto will rise to $10 in the coming weeks.

According to the analyst, the token must close above the $4.10-$4.15 mark on November 6, which has happened. Earlier, Alex $DOT told his audience that the Polkadot coin might go parabolic soon. He posted a price chart that shows the token’s value pumping to four potential targets, including $10, $15, $23, and $35.

Intel Markets is one of the most sought-after presale projects, with investors buying up tokens rapidly. The project has now raised $1.97 million from cryptocurrency ICO investors.

Currently, the project is in the fifth stage of its presale and priced at $0.045727. According to analysts, the value of Intel Markets could pump by 10x in the months ahead, making it a promising cryptocurrency.

Intel Markets is an advanced AI-based cryptocurrency trading platform that has been created to help the retail trader succeed in the marketplace. With support for two blockchain systems, Ethereum and Solana, Intel Markets provides traders with the best of both worlds: low cost and fast execution of transactions in a secure environment.

At the heart of IntelMarkets, there is the future Zirkon blockchain that powers its artificial intelligence-driven tools and bots. These are smart bots that can analyze millions of data points in real time to find out where the profit-making trades are and execute them. Traders can also set their own strategies and risk levels.

Intell-M® Channel Analysis is another of Intel Market’s advanced tools. This tool aggregates data from over 10,000 sources to enable traders to make correct decisions based on detailed information about the market. In the near future, users will be able to exploit charting features integrated directly into the platform

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