UNI, YFI, CHZ, MKR and LINK By CoinEdition

5 altcoins to watch in the next 24-48 hours: UNI, YFI, CHZ, MKR, and LINK
  • The global cryptocurrency market cap is up 1.01% according to CoinMarketCap.
  • CHZ and LINK prices have increased over the past 24 hours.
  • The daily charts of YFI, UNI and MKR are currently bearish.

The global cryptocurrency market capitalization has increased by 1.01% over the past 24 hours. At the time of publication, the cryptocurrency market cap is $837.67 billion according to crypto market tracking website CoinMarketCap.

5 altcoins, (UNI), Yearn.Finance (YFI), Chilliz (CHZ), Maker (MKR), and Chainlink (LINK) saw their prices drop over the past 24 hours. This comes after its prices entered a multi-day rally.

Uniswap (UNI)

The price of Uniswap decreased by 0.88%, which sent the price of the altcoin down to $5.91. UNI also declined against (BTC) and (ETH) by 2.37% and 1.59%, respectively. At the time of publication, the UNI coin is worth approximately 0.0003512 BTC and 0.004846 ETH.

UNI trading volume is another number that fell for the altcoin. CoinMarketCap shows that UNI’s 24-hour trading volume decreased by 17.63% compared to the previous day. As a result, UNI’s total daily trading volume is $102,467,118.

UNI/USDT Daily Chart (Source: CoinMarketCap)

There is one bullish flag present on the daily chart of UNI that might be triggered in the coming days. Looking at the chart, the daily RSI line is sloping positively towards the overbought territory. This is a slight bullish signal which will be confirmed once the daily RSI line crosses above the daily RSI SMA line.

Yearn.Finance (YFI)

YFI price is trading at $6,152.45 after declining by 1.56% over the past 24 hours. Compared to the two cryptocurrency market leaders, YFI weakened against BTC by 3% and against ETH by 2.18%.

YFI’s trading volume has decreased significantly over the past day. At the time of publication, the figure was $19,645,248. This is 47.93% less than the previous day.

YFI/USDT daily chart (Source: CoinMarketCap)

The daily chart of YFI is looking bearish at the moment because the 9 EMA is placing below the daily 20 EMA, and the daily 20 EMA is placing below the daily 50 EMA. However, YFI price is looking to challenge the Level 9 EMA, which might see the level turn into support within the next couple of days. This will be a bullish sign.

Chili’s (CHZ)

CHZ price managed to rise in the past 24 hours. Currently, the price of CHZ increased by 5.40% in the last 24 hours – which took its price to $0.2399. The altcoin price also gained some traction against BTC and ETH.

When it comes to CHZ’s daily trading volume, volume has decreased by 27.20% over the past 24 hours. He brought that total to $544,820,622.

CHZ/USDT daily chart (Source: CoinMarketCap)

CHZ price was on a positive rise for 3 days which led to CHZ price rising from a low of $0.1937 on November 15 this year to a high of $0.2412 on November 17. Today’s price action appears to be adding to the bullish rally.

There is evidence that the price rally will continue as it has crossed higher above the daily 9 EMA, above the daily 20 EMA. This indicates a bullish rally in the short term.

Maker (MKR)

MKR price is down by 2.30% over the past 24 hours, down to $652.26 at press time. Maker price is also down against BTC and ETH by 3.28% and 2.40% respectively.

MKR/USDT Daily Chart (Source: CoinMarketCap)

The daily RSI line of the MKR tried to cross above the daily RSI SMA line but the attempt failed. Currently, the MKR price is declining by 9 EMA per day. In addition, the daily 9 EMA is positioned below the daily 20 EMA, which is a bearish sign for the altcoin.

Chainlink (link)

LINK is another coin in the list of altcoins in this article that has seen a surge in its price over the past 24 hours. CoinMarketCap shows that the price of LINK increased by 1.33%, which resulted in LINK trading at $6.26.

LINK/USDT Daily Chart (Source: CoinMarketCap)

The daily 9 EMA crossed below the daily 20 EMA on November 10th, 2022, as can be seen on the LINK daily chart above. Since then, a bearish flag appeared as LINK price fell as low as $5,775 before recovering briefly, and then falling further. LINK price is currently being held by the daily 9 EMA line.

Disclaimer: Opinions and opinions, as well as all information shared in this price analysis, are published in good faith. Readers should do their research and due diligence. Any action taken by the reader is at their own risk. Coin Edition and its affiliates will not be liable for any direct or indirect damage or loss.

Last 5 cryptocurrencies to watch over the next 24-48 hours: UNI, YFI, CHZ, MKR and LINK debut in Coin Edition.

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