Buy Signal for 2 Strong Cryptocurrencies in April

Saturday, 23 March 2024, 14:52

The cryptocurrency market exhibits bullish mid-term sentiment despite short-term bearish pivots. Recent liquidation events shook short-term traders, but some cryptocurrencies maintain strength. Uniswap (UNI) and Near Protocol (NEAR) stand out as potential buys, showing resilience in market rankings and technical indicators.
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Buy Signal for 2 Strong Cryptocurrencies in April

Buy signal for 2 strong cryptocurrencies in April

The overall mid-term sentiment remains bullish for the cryptocurrency market, despite the short-term bearish pivot, following a market retracement. A massive liquidation event wiped over $230 million of crypto’s total market cap, introducing fear in short-term trading while some projects remain strong.

Strong buy signal for Uniswap (UNI)

Uniswap (UNI) demonstrates a strong RSI of 67.35, above the market average, despite recent losses. The project's position is reinforced by BlackRock's interest in a tokenization fund. With a significant market cap jump, UNI is poised for potential growth.

Near Protocol (NEAR) shows strength

Near Protocol (NEAR) ranks 19th by market cap with a strong weekly RSI of 68.91, indicating resilience despite recent losses. NEAR aims to enhance Web3 and DeFi with scalable solutions, maintaining a competitive position in the market.

Risk and Caution

Cryptocurrencies are volatile assets, and buy signals may change based on evolving circumstances. Investors should carefully evaluate underlying project fundamentals before making decisions.


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.


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