BNB, UNI, and ADA: Technical Signals Point to Significant Upside Potential

Three cryptocurrencies have caught the attention of traders and investors due to their technical signals pointing to significant upside potential. Binance Coin (BNB) is one of them, surging 3% as it breaks out of a parallel descending channel that contained its price since June.

The breakout has also seen BNB reclaim both the 20-day EMA at $572.85 and 50-day EMA at $581.85, the first time above both since the June breakdown. The Relative Strength Index (RSI) is currently at 59.58, confirming the momentum behind this move.

The measured move from the channel breakout targets $675 to $700, aligning directly with the 200-day EMA at $675.53. This suggests that BNB has a strong potential for further price appreciation.

Another cryptocurrency showing promise is Uniswap (UNI), which has surged 10% after clearing major resistance zone at $4.20 to $4.40. The confirmation candle completes the cup and handle pattern needed, indicating a strong uptrend.

The EMAs have turned bullish for UNI, with all four now sitting below price. The 200-day EMA has flipped from resistance to support, currently at $3.9. The measured move targets $6 to $6.50 on full pattern completion.