Cryptocurrency prices fluctuated on 26 February after experiencing the loss of double digits on the previous day.
QNT, a cryptocurrency project, which focuses on the real -world asset tokens, trades above the $ 110 mark on Wednesday morning before giving back some of its benefits. The same is correct for Polakadot (DOT), Uniswap (Uni) and PI Network (PI). These were some more close tokens among the traders.
The PI Network, which launched its mennet last week, increased as the traders estimated the upcoming connance listing. Its rally increased its self-reported market capitalization to more than $ 14 billion, making it the 11th largest cryptocurrency.
The volume price increases after the formation of rapid candle
Quant, which develops enterprise blockchain solutions, grows for the second day in a row, reaches its highest level since February 1. 1 did not have any major news events that could suggest an increase in price, resulting in a rapidly attached pattern on the daily chart.
A rapidly attached pattern occurs when a red candle has a very fast candle that covers it completely. It is one of the most famous candlestick patterns in technical analysis.
The price of polkadot increases after ETF applications
The polekdot coin jumped after Grassscale, which was filed to list a spot dot exchange-traded funds, which is more likely to approve, as we predicted.
Polkadot has shown strong technical assistance at $ 3.90, since 2023 it is a level. This property has formed a quadruple pattern, with a neckline at $ 11.77.
Additionally, Polkdot has entered the accumulation phase of the vacoff theory, which usually occurs after the markup phase, where the demand is higher than the supply, often leading to a paralysis value movement.
The initial price target for polekdot in the markup phase is $ 11.70, followed by 23.6% fibonaccissy retracement level at $ 16. A step at a 50% retracement level at $ 30 will represent a growth of 527% from the current price.
Uniswap increases after sec drops charge
The Uniswap price increased slightly after the securities and the exchange commission abandoned the allegations against the exchange. It accused the company to offer unregistered securities under the Gary Gensler.
The biggest Crypto Exchange in the US, dropped these allegations a day after ending its litigation against the coinbase. Uniswap tokens have formed a double-bottom pattern pointing to a brief rebound.
PI Network Price proceeds from Binance Listing
The PI network has become one of the best performing coins this week because it has improved bitcoin And other altcoins. Its growth is mostly due to the upcoming beggar listing as more than 85% of users have agreed to it.
The PI coin is also increasing as investors adopt disappearance or foam fears after their mannet launch last week. The next major event will take place on Friday when the grace period for KYC verification will end.
Dead cat bounce?
There is a risk that the recovery of bitcoin and most altcoins can be a dead cat bounce – a temporary rebound before resuming a temporary trend. A dead cat boom, also known as a bear mesh, occurs when a property in a prolonged decline rallies briefly before continuing its downward movement.
