Arslan Butt
Last updated: | 3 min read
In today’s crypto landscape, several tokens on Uniswap have emerged as significant gainers, capturing the attention of investors and traders. Among these, CPOOL experienced a notable increase of above 4.5% in a day, reaching $0.1235.
Similarly, METIS witnessed an impressive surge of around 21%, hitting $39.43. Additionally, ALPH also showed a substantial gain of over 6%, reaching $1.11.
These movements highlight the dynamic nature of the cryptocurrency market, where rapid changes offer both opportunities and challenges for participants.
Let’s delve into the technical aspects of the market by exploring some of the notable low-cap gainers on the decentralized exchange (DEX) Uniswap this Friday.
Metis ($METIS)
MetisDAO ($METIS), an emerging star in the cryptocurrency market, has shown a remarkable performance recently.
Today, it trades at $39.43, a significant 20.72% surge in the last 24 hours. This uplift has elevated its CoinMarketCap ranking to #247, with a live market cap of approximately $180.33 million.
The token’s limited circulating supply of 4.57 million METIS, out of a total of 10 million, contributes to its exclusivity and demand.
🚀 #MetisDAO ($METIS) soars 20.72% to $39.43, reaching new heights! 🌟 Ranked #247 with a $180.33M market cap. Facing key resistances ahead. RSI at 80 signals bullish trend, above 50 EMA. Watch out for more gains! 💹 #CryptoGrowth #TechnicalAnalysis #CryptoMarket #InvestSmart 📈 pic.twitter.com/NDh4NbveEd
— Arslan Ali (@forex_arslan) December 22, 2023
The technical outlook for METIS is robust. It is trading well above its pivot point of $37.16, facing immediate resistance at $39.97 and potentially higher at $42.02 and $44.66. The Relative Strength Index (RSI) stands at an elevated 80, indicating overbought conditions, yet signaling strong bullish sentiment.
Additionally, the current price comfortably surpasses the 50-Day Exponential Moving Average of $28.65, reinforcing the bullish trend.
The chart exhibits a ‘Three White Soldiers’ pattern, further underlining the bullish momentum. MetisDAO’s price action suggests a continuous uptrend, with a short-term forecast aiming to test and possibly break through its immediate resistance levels.
Investors and traders are closely monitoring METIS, as its performance and strategic position in the market hint at more potential gains.
Clearpool ($CPOOL)
Clearpool (CPOOL), a digital asset on the rise, is currently valued at $0.1235 with a significant trading volume of $2.17 million. Despite a recent dip of 4.62%, its market cap stands at a robust $55.96 million, ranking #489.
With a substantial supply of 453 million CPOOL coins out of a billion, the asset exhibits potential for growth.
🚀 #Clearpool (CPOOL) Update 📉
Currently at $0.1235, despite a 4.62% dip. Market cap: $55.96M. RSI at 60 signals bullish trend, but watch out for potential bearish shift below $0.13928 resistance. Stay tuned for key movements in this dynamic market! 📊💹#CryptoNews #CPOOL pic.twitter.com/ATPLA7u5l3
— Arslan Ali (@forex_arslan) December 22, 2023
Technical indicators suggest a pivotal movement for CPOOL. The Relative Strength Index (RSI) at 60 leans towards bullish sentiment, and the asset is currently trading above its 50-Day Exponential Moving Average (EMA) of $0.1013, indicating a short-term bullish trend.
Key resistance levels are observed at $0.1393, $0.1500, and $0.1602, with immediate support at $0.1135.
However, the formation of a Doji candlestick pattern near the $0.13928 resistance level signals possible bearishness.
Thus, a decisive move below $0.13928 could lead to a downward trend. Investors and traders should closely watch these levels for potential market shifts.
Alephium ($ALPH)
Alephium (ALPH), a relatively lesser-known yet emerging player in the cryptocurrency market, has been showing promising activity recently. As of today, ALPH is trading at $1.11, with a 24-hour trading volume of $1.4 million.
The token holds the #440 spot on CoinMarketCap, bolstering a live market cap of approximately $68.8 million. It operates with a circulating supply of 62 million ALPH coins out of a maximum supply of 1 billion.
🚀 #Alephium $ALPH is making waves in the crypto world! Currently trading at $1.11, with a 24-hour volume of $1.4M and a bullish trend. 📈
📌 Ranked #440 on CoinMarketCap
📈 RSI at 67 – Bullish territory
🎯 Resistance targets: $1.15, $1.24, $1.32
🔐 Support levels: $0.97, $0.87— Arslan Ali (@forex_arslan) December 22, 2023
Technical analysis reveals that ALPH has surpassed its pivot point of $1.05 and is now facing immediate resistance at $1.15. If this momentum continues, it could test further resistance levels at $1.24 and $1.32.
On the downside, support levels at $0.97 and $0.87 provide safety nets against potential pullbacks. The Relative Strength Index (RSI) at 67 suggests bullish sentiment, corroborated by ALPH’s price trading above the 50-Day Exponential Moving Average of $0.93.
The observed upward channel pattern further indicates potential bullish momentum. In summary, ALPH exhibits a bullish trend above $1.0487, with prospects of challenging higher resistance levels in the short term.
Crypto Alternatives to Consider
Investing in low-cap coins can yield substantial rewards, yet it’s important to be mindful of their inherent risks. For those seeking potentially high returns in the short term, participating in crypto presales is an intriguing high-risk, high-reward option.
In these presales, investors purchase tokens from emerging crypto projects, providing crucial funding for their growth. These tokens are typically offered at lower prices, and history has shown that early investors in presales often reap significant gains.
Many of these ventures are backed by exceptional teams with ambitious goals to innovate in the crypto space. For investors who can spot such promising projects, the potential rewards of investing in their presales can be highly attractive.
The experts at Cryptonews dedicate considerable effort to analyzing presale projects, offering insights to assist investors. Below is a curated list of 15 presales that are considered the most promising in 2023.
See the 15 Cryptocurrencies
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to ourterms and conditions. We may utilize affiliate links within our content, and receive commission.
