🚀 UNI and BCH in the lead: The awakening of Altcoins?
The CoinDesk 20 (CD20) index shows an increase of 2% today, but it is two historical assets that steal the spotlight: Uniswap (UNI) and Bitcoin Cash (BCH).
🔍 Key takeaways from this performance:
Uniswap (UNI) +5.4%: The leader of DEX is benefiting from renewed institutional interest. Rumors of massive purchases by large asset managers and the calming of inflation figures (CPI in the USA) are giving a boost to DeFi-related assets.
On the technical side: The RSI shows a rebound on an oversold zone, suggesting that the local "bottom" might be behind us.
Bitcoin Cash (BCH) +5.3%: BCH confirms its relative strength against Bitcoin (BTC). While BTC consolidates after a period of high volatility, capital seems to be turning towards "old" glories that offer interesting catch-up configurations.
The CD20 as support: The overall index at +2% shows that the market does not solely rely on BTC. The "alt-season" may not be here yet, but the resilience of SOL, NEAR, and HBAR (visible on the chart) is a sign of health for the ecosystem.
💡 My trader's opinion
This rise is encouraging as it comes after a market purge in early February. However, remain cautious: we are approaching key resistances for UNI. A daily close above current levels would confirm the bullish trend.
And you, what is your strategy?
💎 Are you accumulating UNI for the long term?
📉 Do you think it's just a simple "dead cat bounce" (technical rebound before a drop)?
Let me know in the comments! 👇
#UNI📈 #BCH! #DeFi: #CryptoAnalysis"
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