The post DeFi Space To Thrive Soon, Uniswap(UNI), Avalanche(AVAX) & Chainlink(LINK) Could Dominate the Rally appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Uniswap (UNI) Price Analysis







The Uniswap price has displayed an extremely bullish trend in the past month as the asset rose gigantically by more than 70%



Surprisingly, the price maintained a parabolic recovery curve and reached the neckline of the curve



To continue with the same bullish trend, the UNI price may undergo a slight pullback, accomplishing the Cup & Handle pattern



On a break from the consolidation, the price may surge high towards the immediate resistance above $10 to achieve $12 by the end of August 2022



Avalanche(AVAX) Price Analysis







The Avalanche price is swinging within an ascending parallel channel and interestingly preparing to bounce from the middle bands



Therefore, the asset is expected to consolidate around these levels to some extent and further head towards the resistance at around $27



As the resistance of the channel collides with the major resistance levels, the possibility of a pullback followed by a brief consolidation emerges



However, with a strong push from the buyers, the asset is expected to rise beyond the crucial levels and secure $30 by the end of August 2022



Chainlink(LINK) Price Analysis







While Uniswap & Avalanche display strong bullish momentum, Chainlink’s price appears to have stuck between bulls and the bears



The LINK price is currently trading within a symmetrical triangle and very far from the apex of the consolidation



Therefore, the asset is expected to consolidate for a while and break out to test the upper resistance at $7.78



If in case the price fails to reach the resistance, the lower support at $6.66 may strongly hold the asset during a breakdown