Ethereum, Solana, Chainlink and Uniswap Might Be Ready for Some Serious Moves

Bitcoin's price recently hit a high of $106,000 during a FOMC (Federal Open Market Committee) event. Lately, Bitcoin hasn't moved much

Bitcoin’s price recently hit a high of $106,000 during a FOMC (Federal Open Market Committee) event. Lately, Bitcoin hasn’t moved much, which may signal the market’s shift towards altcoins.

According to an analyst, several altcoins could be ready for some serious moves. Here's a closer look at a few:

1. Ethereum (ETH)

An analyst is observing a descending wedge pattern forming for Ethereum, which usually leads to bullish breakouts. However, it's crucial to monitor key price levels.

The first critical level for Ethereum is $3,000, which it needs to hold for upward momentum. If ETH drops below $2,800 or $2,700, further price retracement could happen. But, these levels act as support. The big target is $3,500. If Ethereum can break through this zone, it could push above $4,000.

2. Uniswap (UNI)

Uniswap (UNI) could also see a boost, especially with the news about Uniswap version 4. UNI is showing some bearish signals on the hourly chart. Still, there could be a bounce if the price climbs above the $11.40-$12 range.

If UNI holds above this support level, a breakout could happen with targets at $12.70, $13.30, and $13.90.

3. Solana (SOL)

Solana (SOL) has also seen a surge, largely driven by the meme coin launchpad. Key support levels for Solana are between $237 and $235, with an additional level at $230. If Solana holds these levels and BTC remains bullish, it could see further gains.

At press time, Solana has drifted into the red zone and is now testing the crucial $235 support level. The price has declined more than 11% in the last seven days.

4. Chainlink (LINK)

Chainlink has closed above the 50-day moving average, and the key support level is $23.50. Upside target is $36, with mid-term targets between $27 and $30.

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