While transforming the broader sentiment is still a dream scenario for the bulls, the near-term technical indicators of Uniswap, Litecoin, and NEAR flashed a slight buying bias.
Uniswap pulled back from its immediate supply zone while Litecoin jumped above its 20/50/200 SMA. NEAR managed to attain its lifetime milestone on 15 January and formed a bullish divergence with its RSI. However, it still needed enough volumes to sustain its edge.
Uni Swap (UNI)
Source: TradingView, UNI/USDT
After the $19.89-mark displayed strong resistance, the rising wedge broke down to test the Punkt Kontroll (red) multiple times. The 5 January sell-off saw an engulfing red candlestick that propelled an over 26% retracement until its three-week low on 8 January.
As a result, it fell below its Point of Control (red) and marked a down-channel (white) on its 4-hour chart. Over the past week, the alt saw a double-bottom pattern on its 4-hour chart. Consequently, it broke out but again reversed from the $18 supply zone.
Now, to prevent a further downturn, the bulls had to defend the $16.6-mark near the crossover of 20/200 SMA.
Zu der Pressezäit huet den Alt bei $ 16.94 gehandelt. Déi RSI poked its record high at 77.9 on 16 January before a steep plunge toward the midline. It eyed to retest the midline before committing to a trend.
Litecoin (LTC)
Quelle: TradingView, LTC/USDT
LTC managed to claw back in an up-channel and reclaim its oscillating range between the $167 and $143-mark. The altcoin saw a 25.7% ROI (from its five-month low on 10 January) until press time. Meanwhile, the bulls managed to flip the vital $143-reistance as support.
With this jump, LTC found itself above the 20/50/200 SMA. At press time, LTC traded at $151.4.
d' RSI headed to test the overbought territory for the third time in the last five days. It flashed a one-sided bullish preference. Furthermore, the DMI reaffirmed the bullish vigor. But the ADX e schwaache Richtungen Trend fir den Alt ugewisen.
Near Protokoll (NEAR)
Source: TradingView, NEAR/USDT
No engem inverse Kapp a Schëller op sengem RSI, NEAR markéiert exponentiell Gewënn andeems en e bullish Fändel a Pol op senger 4-Stonne Chart formt. Et huet en aussergewéinleche 147.57% ROI gesinn (vum 20. Dezember niddereg) fir säin ATH op $ 20.597 de 15. Januar ze pochen.
As the down-channel (white) oscillation halted at the $13.2-mark support, NEAR saw a patterned breakout and entered into price discovery.
Zu der Pressezäit huet den Alt bei $ 19.335 gehandelt. Déi RSI formed a down-channel and seemed to slow down around the midline. It still managed to flash a slight bullish bias. Furthermore, it still marked a hidden bullish divergence (yellow trendline) with the price. However, it becomes crucial to note that the Volume Oszilléierer marked lower peaks, hinting at a weak bullish rally.
Source: https://ambcrypto.com/uniswap-litecoin-near-price-analysis-17-january/