While Bitcoin and altcoins are recovering after a week of declines, investors expect further rises after the BTC halving.
At this point, an analysis that will please Uniswap (UNI) and Cardano (ADA) investors came from popular analyst Ali Martinez.
“Uniswap (UNI) May Rise Up to $10!”
The analyst noted that the TD Sequential indicator on Uniswap's daily chart gave a buy signal.
Stating that this signal indicates that UNI is preparing for a rally in the next one to four days, Martinez set a target of $ 10 for UNI.
“TD Sequential Uniswap has issued a buy signal on its daily chart, indicating that UNI could be poised for a 1-4 day rally and potentially reach $10!”
The TD Sequential has flashed a buy signal on the #Uniswap daily chart, suggesting $UNI might be gearing up for a 1-4 day rally, potentially reaching $10! pic.twitter.com/lYuC6UODyA
— Ali (@ali_charts) April 19, 2024
“Cardano (ADA) May Be Preparing for a 75 Percent Rally!”
Citing historical data, Martinez said that the MVRV rate on Cardano dropped below 22%.
Accordingly, the last time the MVRV rate for ADA fell below 22%, the price increased by over 75%. According to this data, the analyst thinks that there may be a recovery and an impressive rise again in ADA.
“Last time Cardano's MVRV Ratio dropped below -22%, ADA's price increased by over 75%. We could see another impressive rebound with the ADA MVRV Ratio returning below -22%!”
The last time #Cardano's MVRV Ratio dipped below -22%, $ADA's price soared by over 75%. With the #ADA MVRV Ratio back under -22%, we could see another impressive rebound! pic.twitter.com/ABf0mp4pR4
— Ali (@ali_charts) April 19, 2024
*This is not investment advice.
