Altcoins INJ, MUBI, and PRIME are outperforming the market as the biggest crypto gainers on Uniswap. Image by Yury, Adobe Stock.
As the cryptocurrency market tries to recover from the recent pullback, several coins are making big moves today. Bitcoin has faced downward pressure, stabilizing around $41,000 after the recent decline. Some altcoins like INJ, PRIME, and MUBI are showing bullish trends, however, diverging from the overall market pattern.
While Bitcoin remains a key indicator of market sentiment, the divergent paths of these altcoins highlight the importance of keeping a broad perspective on the market.
Moving Averages and MACD Highlight Bullish Momentum for INJ
Source: TradingView / INJUSDT
INJ is currently demonstrating strong momentum in the cryptocurrency market, establishing itself as one of the biggest crypto gainers on Uniswap.
INJ’s current price stands at $26.56, with a 24-hour increase of 14.15%. Over the past week and month, INJ has surged by 60% and 51%, respectively, illustrating a lengthy uptrend. The market cap of $2.2 billion and a trading volume of $477 million in 24 hours further highlights the growing interest in this asset.
The moving averages paint a bullish picture. The 20-day EMA at $18.963 is positioned above both the 50-day and 100-day EMAs, at $16.276 and $13.554 respectively. This arrangement typically indicates a strong bullish trend, suggesting that INJ could continue its ascent.
In terms of the Moving Average Convergence Divergence (MACD), today’s value stands at 1.881, up from yesterday’s 1.436. This increase also indicates an intensifying bullish momentum, potentially pushing the INJ price further up.
The Relative Strength Index (RSI) presents a cautionary signal, however. Today’s RSI is at an elevated 79.48, up from yesterday’s 75.80, indicating that INJ is entering overbought territory. Such high RSI levels often precede a market correction or consolidation phase, as traders may begin taking profits.
INJ reached an all-time high (ATH) of $27.87 today before returning to current prices. If it closes above this new ATH, there seems to be no immediate apparent resistance levels. The closest support level lies at $19.488 (0.382), followed by $16.982 (0.5) and $14.476 (0.618). Additional support levels are identified at $15, $14.150, and $9.965.
Considering these technical indicators, traders and investors should consider a balanced approach. While the bullish trend and strong momentum position INJ as one of the biggest crypto gainers on Uniswap, the overbought RSI suggests the potential for a near-term pullback. Investors should monitor the support levels closely, as they might offer attractive entry points in case of a price correction.
MUBI’s Bullish Trend Evident in Moving Averages and Volume Surge
Source: TradingView / MUBIUSDT
Multibit (MUBI) is also one of the biggest crypto gainers on Uniswap today as well, exhibiting an impressive growth trajectory since its launch on November 14.
MUBI’s current price stands at $0.08758, with a market capitalization of $83 million. The 24-hour trading volume has seen a substantial increase of 147.86%, reaching $25 million. The price has surged by 36.00% in the last 24 hours, 15.80% over the past week, and a remarkable 1557.99% over the last 30 days.
The moving averages for MUBI suggest a strong bullish trend. The 20-day EMA is at $0.08393, slightly above the 50-day EMA at $0.07793, and the 100-day EMA at $0.07533. This alignment indicates a continued positive momentum for MUBI’s price.
In terms of the MACD, today’s value is 1.881, up from yesterday’s 1.436. The increase in the MACD values reinforces the strength of the current uptrend.
The RSI presents a more tempered picture. Today’s RSI stands at 60.14, up from yesterday’s 55.63, indicating growing buying pressure but still remaining in a moderate zone. The current situation suggests that while there is bullish sentiment, the market is not in the overbought territory, potentially leaving room for further price growth.
MUBI hit its all-time high (ATH) of $0.10800 last week before experiencing a pullback. If it closes above this ATH, there appears to be no immediate resistance level ahead. The Fib levels indicate $0.10800 as the immediate and final resistance, with the closest support level at $0.08345. Lower support levels include $0.06505 and $0.05491, with additional support at $0.04420 and $0.03413.
Given these technical indicators, MUBI positions itself as a strong contender for continued growth. The combination of healthy moving averages, a consistent MACD, and a moderate RSI level suggests that MUBI could maintain its upward trajectory. Traders should keep an eye on the ATH and the support levels, as these will be crucial in determining MUBI’s price action in the near future.
Multibit’s performance since its inception paints a positive picture for its future. As one of the biggest crypto gainers on Uniswap today, MUBI is demonstrating the potential for sustained growth, backed by solid technical indicators. Investors and traders should consider these factors while forming their strategies for MUBI.
PRIME Displays Strong Growth, Indicating Potential as a Leading Crypto Gainer on Uniswap
Source: TradingView / PRIMEUSDT
Echelon Prime (PRIME) is also performing well, making it too one of the biggest crypto gainers on Uniswap today.
PRIME’s price currently stands at $8.74, reflecting a 24-hour increase of 15.78%. The uptrend is further evidenced by a 74.36% surge in the past month. The market cap of PRIME is at $229 million, with a 24-hour trading volume of $11 million, up by 80%, highlighting the growing investor interest.
The moving averages for PRIME offer a bullish perspective. The 20-day EMA is at $7.676, above the 50-day EMA at $6.415, and considerably higher than the 100-day EMA at $5.182. Such an arrangement of EMAs typically signifies a strong and sustained bullish trend.
Today’s MACD value for PRIME is 0.565, slightly up from yesterday’s 0.525, suggesting a gradual strengthening of the bullish momentum, although the rise is not as pronounced as seen in more volatile assets.
The RSI presents a more nuanced view, however. Today’s RSI stands at 61.64, slightly lower than yesterday’s 64.04. The slight decrease indicates a cooling off from more overbought conditions, potentially signaling a stabilization of the current uptrend without immediate risk of a sharp pullback.
A key event in PRIME’s recent price action is its rejection at the $10 mark today—the highest price achieved since March 1—following which it fell to its current price. It is currently retesting the newly formed $8.921 resistance level. If the retest is successful, the next immediate resistance lies at $10, with the closest support level at $7.266. Other important support levels are found at $6.421 (0.5) and $5.576 (0.618), with an additional support level at $4.525.
PRIME’s market performance positions it as a strong contender in the crypto market today. While the bullish trend is evident from the moving averages and the MACD, the RSI suggests a more balanced scenario without extreme overbought conditions. Traders should closely monitor the $8.921 resistance level and the $7.266 support level for potential trading opportunities. The current market dynamics indicate a cautiously optimistic outlook for PRIME, with a potential to maintain its status as one of the biggest crypto gainers on Uniswap.
As INJ, MUBI, and PRIME post impressive rallies, it highlights the potential for overlooked assets to achieve unexpected momentum. Their outsized gains underscore an interesting strategy — identifying promising yet under-the-radar cryptocurrencies before widespread exposure sends prices surging through crypto presales.
Crypto Presales: Lesser-known Cryptos that Can Deliver Big Gains
Evaluating crypto presales requires thorough due diligence on aspects like technology, team, roadmap, and tokenomics. But getting in early on the next big thing can deliver enormous returns.
Cryptocurrencies in their presale and launch phases often provide an ideal entry point, with token prices still affordable. As excitement builds and the crypto establishes itself, values tend to appreciate rapidly.
While risks exist when speculating on new assets, careful analysis performed by CryptoNews.com experts can uncover the next INJ, MUBI, or PRIME — overlooked cryptos ready for breakout growth. Tapping into these hidden gems early is a proven formula for crypto investing success.
Below we cover 19 of the most promising lesser-known cryptocurrencies that could have a major impact in the months ahead.
19 New Cryptocurrency to Buy in 2024
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