This Bitop analysis dives into the current market landscape for ADA, UNI, and XRP. Ada (ADA) Recently broke below its support trendline and found support around $0.73 before rebounding to face resistance around $0.777 (Fibonacci 0.618 level). After a subsequent decline, the price bounced back but encountered rejection at $0.77. While ADA’s price hasn’t yet breached its previous lows, each bounce has formed a lower high, indicating waning bullish momentum. Low trading volume suggests continued downward pressure. Currently, we see ADA trading around $0.76 near the Fibonacci 0.707 level. Investors can consider short positions at the current market price or adopt a more conservative approach by placing short orders at $0.77. Profit targets, based on pattern analysis (green and blue lines), are estimated at $0.67 and $0.69, aligning with Fibonacci 1.272 and 1.414 levels. A stop-loss should be set above the previous high of $0.777.
**Uni (UNI)** Since our last analysis on May 27th, UNI’s price surged approximately 22% and successfully broke out of a flag pattern. Investors who haven’t entered can wait for a pullback to the upper boundary of the flag pattern before going long. The entry range is expected between $6.95-$7, corresponding to the Fibonacci 0.707 level. A conservative strategy might involve entering at $6.77, the Fibonacci 0.618 level, offering some support. Profit targets remain similar as before, set at $8 and $9, with stop-loss levels potentially adjusted to $6.5 or $5.6 depending on investment strategy.
**XRP (XRP)** Since our last analysis on May 26th, XRP has experienced a decline of approximately 5%, finding support around $2.226 slightly below the Fibonacci 1.13 level. Despite slight recovery, XRP encountered resistance at $2.31 (Fibonacci 0.786 level), currently trading around $2.3. Despite this bounce, XRP broke below its previous low of $2.26 and failed to surpass its previous high, indicating the downtrend remains intact and the price is likely to continue falling. Investors who missed the initial entry opportunity can consider short positions at the current market price or around $2.31 (Fibonacci 0.786 level). The profit target remains around $2.14 with stop-loss levels set above $2.38 or $2.36.
**Disclaimer:** The information provided here is not a solicitation to buy, sell, or invest in any cryptocurrency or financial product.