Four Cryptocurrencies Face Critical Resistance Amid Sharp Breakouts
Uniswap (UNI), Near Protocol (NEAR), and Hyperliquid (HYPE) have surged in price but are now facing critical resistance levels, raising concerns about their rally sustainability. This has happened after a series of sharp breakouts with Bitcoin (BTC) also rebounding above $80,000.
Uniswap briefly touched $9.44 before pulling back to its current price of $8.69. The token is now near the $7.20-$7.50 resistance zone, which it had previously rejected in September. To maintain momentum, Uniswap needs to stay above $7.80-$8.00.
Near Protocol has broken through the $2.80-$3.00 resistance zone and is currently trading near $3.62. However, its rapid price increase has left it technically stretched, making it more susceptible to profit-taking at immediate resistance between $3.75-$3.80.