The crypto room took a roller coaster ride that saw a decent spike and plunge within hours of trading. Market cap, which was nearly an inch short of the $ 2 trillion milestone, has widened the gap. Large cryptos like Bitcoin and Ethereum have faced drastic dumps. In the midst of the declining divergence, the Polkadot price, the Uniswap price and the Filecoin price fell massively.
Polkadot (DOT) price down more than 12%
The Polkadot Price had been ramping up its race towards $ 100 lately but has fallen below $ 40 after hitting high above $ 46. The price maintained a constant uptrend within an ascending channel. However, the channel’s support levels were broken and the DOT price slides broke the channel.
The RSI indicators are currently dropping below 15 and predicting a downtrend that is tracking price. At the time of writing, the DOT price is $ 38.41, down almost 12.12% over the past 24 hours. Currently, it is mandatory for the price to climb back above $ 40 as a revisit of the lower level is imminent.
- The resistance levels are at $ 45
- The support levels are initially at $ 37 and later at $ 35.
- The indicators point to a buy signal
Uniswap (UNI) price drops by more than 8%
The Uniswap Prize, which was in the limelight in the wake of the DeFi boom in 2020, had smashed the ATH in the past few days. However, following the lead of the DEX section, the UNI price has dropped well below $ 30 since early trading hours.
The price has been trending within a consolidation zone since the last week of the previous month and therefore a massive breakout was expected. However, the DeFi token broke consolidation south, creating a misty cloud over the likely uptrend.
At the time of writing, the UNI price is $ 28.68, with a significant decrease of 8.12% over the past 24 hours. The RSI indicators are pointing to a downtrend by falling close to 16.36. Therefore, the jump must be reversed at the earliest in order to continue the upward trend.
- Resistance levels are initially at $ 31 and later close to $ 35.
- The support levels are at $ 26
- The indicators are currently neutral
Filecoin (FIL) price drops more than 15%
Filecoin price rose like a giant recently, up more than 165% weekly versus theta. The price soared to the highest levels, hitting ATH at $ 237.24 in a short period of time. Unfortunately, by the time it was printed, nearly 43% was hard drained.
At the time of writing, the FIl price is $ 147.08 with a massive 15.73% drop in the past 24 hours. The RSI indicators fell hard, hitting near 16, but appear to have come back down to 25.
- Resistance levels are at $ 187
- The support levels are at $ 124
- The technical indicators for the FIL price point to a buy signal.