Altcoin Analysis: Noteworthy Trends in Uniswap (UNI) and Other Gainers
Market Overview
September 2024 has begun quietly for many altcoins, but a few have shown resilience. The notable performers are Uniswap (UNI), Helium (HNT), and Starknet (STRK).
Helium (HNT) Analysis
HNT, the native token of Helium, surged by 19%. While no significant updates fueled this increase, an upward trend in the On Balance Volume (OBV) indicates growing accumulation, potentially landing HNT at $8.51 if momentum persists.
Price Prediction
- Support Level: $6.88
Starknet (STRK) Performance
STRK made headlines with a sudden spike after Ethereum’s Vitalik Buterin transferred a substantial amount of tokens. Currently trading at $0.43, prices might continue rising if bullish momentum sustains.
Support and Resistance
- Target Price: $0.48
- Support Level: $0.35
Uniswap (UNI) Insights
Uniswap (UNI) gained traction due to a recent blockchain protocol settlement with the CTFC, leading to a price increase to $6.40. Currently trading near $6.22, UNI is at risk of dropping below key support levels.
Potential Scenarios
- Bearish Trend: If it falls below $6, potential drop to $5.60.
- Positive Development: Could push the price to $6.91.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.