Bitcoin SV, Uniswap, Dogecoin Price Analysis: 25 February

Bitcoin SV tested the $194.5 level as resistance and attempted to climb above. Uniswap was forced beneath the $25.5 level and showed that bearish momentum could have taken hold in the short-term while Dogecoin was quite volatile over the past few days and formed a bullish pattern.

Bitcoin SV [BSV]

The trading session preceding the one at the time of writing tested and attempted to rise past the 50% retracement level at $194.5. The Chaikin Money Flow was rising, and the MACD showed neutral momentum. This could change if bulls steered the price above $194 to $197 and retested the $194.5 level as support.

This would indicate that bulls were slowly finding the strength to push the price to the $204 mark. However, the $197 region has rejected the bulls’ attempts multiple times in the past couple of days, and another rejection can not yet be ruled out.

Uniswap [UNI]

Source: UNI/USDT on TradingView

The RSI sank below neutral 50 and retested multiple times as resistance as UNI gradually sank beneath the $25.5 mark. The confluence between the retracement levels drawn for UNI’s move to $32.99 from two different points gave some added weight to the $25.25-$25.5 region as a region of resistance.

This confluence also indicated that the next support for UNI lies at $23.57. The Stochastic RSI attempted to climb back above oversold territory.

If UNI is unable to close above the $25.5 region over the next few hours, the $23.57 level can be looked at as a buying opportunity based on the reaction of the price over the next couple of days.

Dogecoin [DOGE]

Source: DOGE/USDT on TradingView

From $0.06 to $0.0432 is a drop of nearly 30% that DOGE witnessed in the past week. Almost as quickly, DOGE recovered and was sitting atop the $0.054 level of support at the time of writing.

The price formed a descending triangle pattern, and an upside breakout from this pattern on high trading volume will likely see DOGE move to $0.059. The Aroon indicator showed that the past couple of days saw some strong volatility as the short-term losses were very quickly replaced by a strong recovery move off $0.0432.

Levels to watch are $0.054 and $0.06 as support and resistance over the next few hours.