Is It Too Late To Buy UXLINK? UXLINK Price Soars 39% And This Might Be The Next Crypto To Explode – Only Hours Left To Launch
The UXLINK price soared 39% in the last 24 hours to trade at 0.2066 as of 03:42 a.m. EST on trading volume that soared 1,704% to $392 million.
UXLINK Price Analysis: Is the Bearish Trend Temporary or a Long Term Shift?
Despite the token’s uptrend in the last 24 hours, the UXLINK chart shows that the asset has been on a downtrend, exhibiting bearish momentum, according to data from GeckoTerminal . The presence of a rounding top fully affirms the bearish trend.
The trend has caused the price of UXLINK to plunge below the 50-day and above the 200-day Simple Moving Averages (SMAs), which might suggest a bearish reversal.
The 50-day SMA is positioned above the 200-day SMA, a situation commonly referred to as a “Golden Cross,” which can be bullish.
The Relative Strength Index (RSI) is at 43, which is close to the neutral zone. However, it is gradually moving towards the oversold area, which suggests that selling pressure is building up.
The Moving Average Convergence Divergence (MACD) blue line trades above the orange signal line, indicating a bullish crossover.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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