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.