Price Analysis

Bitcoin Price Hovers At Critical Level As Notcoin (NOT), Toncoin (TON) And Uniswap (UNI) Surge

Written By : Abdullah Sarwar

Crypto Prices Today: Bitcoin price is hovering at a very critical level amid turbulent market conditions in the crypto world. Ethereum and most other altcoins also appear to be in a slump. However, amid this choppy price action, Notcoin (NOT), Uniswap (UNI) and Toncoin (TON) remain resilient as they posted significant gains on Friday.

The market volatility is liquidating traders on both sides without giving any clear direction. As a result, the analysts remain divided on the future outlook on cryptocurrencies. On Friday, Bitcoin and Ethereum prices were up 0.47% and 1.28%, respectively, at press time.

Bitcoin Technical Analysis

Let’s try to understand the ongoing BTC price action before speculating on future prices. As visible in the following chart, the pioneering cryptocurrency is retesting the previous range highs around $66,800 which is acting as a support.

Bitcoin price prediction would turn bearish if the price gains acceptance below the $66,800 support. Therefore, this level must be watched closely as the next few days could be very critical. On the other hand, in case of a strong bounce from the current level, another retest of the supply zone, which lies above $71,000, could be expected.

Notcoin Price Prediction

With a 20.83% surge, NOT/USD has emerged as the biggest gainer in the top 100 digital assets. Due to a recent breakout above $0.02, the Notcoin price prediction is looking bullish once again. If this breakout gets confirmed, the next target could be a retest if the $0.025 resistance as shown in the chart below.

Toncoin Price Analysis

Another altcoin performing extremely well under current circumstances is TON. With a 2.98% surge in its 3rd consecutive green day, TON/USD is trading at its highest level in history. The recent daily closure above $7.69 resistance has flipped Toncoin price prediction very bullish.

Uniswap Technical Analysis

The native token of Uniswap DEX is facing extreme volatility. After losing its $9.40 support, it has made a strong comeback. If the price gains acceptance above $10.30, Uniswap price could become even more bullish.

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