As markets approach the end of the year, volatility has increased as expected. Meanwhile, these levels favor both bulls and bears at regular intervals, indicating that some pattern is forming in the markets. The bull remains vigilant about the price developments of the cryptos and, after a short consolidation, causes a strong rise towards the higher resistance.
Meanwhile, the rise of primitive tokens, which have seen multiple bull and bear markets, has increased speculation from traders who have shifted their focus more to the fundamentals than the trend.
Hedera (HBAR) Price Looks at a New ATH at $1
The Hedera price staged a massive rebound after recovering from November lows; The HBAR price rose, reaching levels not seen since December 2021. With this recovery, market participants gained confidence about the coming price action as the platform witnessed a massive influx of buying volumes that it had never witnessed in history. This appears to have created a strong bullish case for the HBAR price, which is believed to mark new highs before the end of the year and eventually reach $1 or levels just above, marking the peak for the ongoing bull run.
Hedera & Chainlink’s latest integration appears to have fueled the rally, which is poised to enter a new bullish range. The price is stuck between 0.786 and 1 FIB levels between $0.44 and $0.571. As the RSI has shown a bearish divergence against the overbought zone, a small decline in the price is expected, which has started and reached levels below $0.25. However, if the RSI hovers within the upper zone, the bullish momentum could be maintained, which could trigger a strong rise towards the ATH at $0.571 before the end of the year.
Uniswap (UNI) Price Targets 100% Rise Soon
The top DeFi token, Uniswap, has been largely volatile since the start of the year, rising over 220% followed by a 13% retracement. The price failed to break any of the crucial resistance zones between $18.9 and $19.6, the neckline of the parabolic recovery. However, the UNI price is expected to face a prolonged pullback and eventually stage a strong recovery in no time.
The UNI price is currently facing extreme bearish pressure for the second week in a row, suggesting that the price could maintain a strong downtrend until the end. The OBV has shown a bearish divergence, but certainly cannot validate a temporary shift from the ongoing bullish trend. The token is experiencing a volume increase after a long time and with the first weekly Golden Cross, the price is expected to gain a bigger boost and cause a 100% increase, reaching levels above $24.
