The crypto market is experiencing a correction, creating a ripe landscape for potential rebounds. Spotlight is on UNI , ONDO , and Kaspa as they show signs of positioning for short-term gains. This article explores these coins' potential to lead a market comeback, shedding light on what might make them strong contenders. Uniswap UNI: Recent Rebound Amid Extended Decline and Key Trading Ranges Over the past month, UNI showed a noticeable bounce of approximately 15.84%, reflecting a short-term recovery after weeks of mixed performance. Its one-week change was mild at -1.18%, suggesting brief hesitation in the market. In contrast, the half-year picture reveals a stark decline of nearly 60%, highlighting ongoing pressure on the coin over a longer period. These numbers indicate that despite short-term recovery attempts, a bearish trend has dominated the market for the last six months. Current trading levels of UNI display a narrow price range between $4.62 and $7.58, anchored by a nearest support level at $3.20 and a nearest resistance at $9.12. The presence of a second resistance at $12.08 and a deeper support at $0.239 adds extra reference points for traders. Indicators show an RSI around 48.73 with subdued momentum values, signaling a market lacking clear direction. This scenario may lead to range-bound action until a decisive break occurs. Monitoring the resistance at $9.12 for a potential bullish signal is advisable, while a test of the $3.20 support could lead to further downside moves. Ondo Price Review: Recent Declines and Key Trading Levels In the last month, Ondo showed a moderate slip with a 10.22% drop alongside a weekly decline of 12.90%. Over the past six months, the coin experienced a steeper downturn with prices falling by nearly 50%. The data outlines a fading momentum, as price behavior shifted downward from a recent high range between 0.70 and 1.05. The decline over these periods underscores significant volatility and a clear bearish shift in market sentiment. The current situation places Ondo within a trading band where key levels are clear. A near support level sits at $0.57 with a secondary overflow cushion at $0.21, while resistance is seen at $1.27 and further capped by a second resistance at $1.62. Bears seem to hold the upper hand given the negative momentum indicators. No consistent trend emerges as the price bounces between these key markers. Traders might consider taking short positions if prices struggle near resistance, while a bounce off support may offer entry for longs. Caution is advised while watching for breaks above $1.27 or slips below $0.57. Kaspa Price Analysis: Key Levels and Trading Ideas Amid Recent Declines Kaspa experienced a steady pullback over the last month with a 16.18% drop, while the six-month performance shows a sharper decline of 45.98%. The price shifts indicate a bearish market sentiment, with the coin struggling to maintain value in recent times. Weekly movement was also marked by a notable 19.63% decrease, confirming the ongoing downtrend. The overall change reflects subdued investor confidence and a market under pressure. Current trading pays close attention to the range between $0.0651 and $0.1166, where the first resistance sits at $0.15 and additional barriers at $0.20. The nearest support is observed at $0.0466 with no further support level defined, suggesting a tight corridor for price action. Indicators such as the RSI at 37.23 and negative momentum point toward a dominant bearish presence without a clear trend reversal in sight. Bears seem to be in control, but opportunities might exist for bulls if the price finds upward support within these boundaries. Conclusion UNI , ONDO , and Kaspa show strong potential for leading a short-term rebound. UNI's resilience and growing user base indicate a stable position. ONDO's innovative approach could attract more interest. Kaspa's unique technology might offer an edge in market competition. Collectively, these coins are well-positioned to capitalize on recovery opportunities. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
