Polkadot, Binance Coin, UNI, BAT Price Movement Analysis for 27th April, 2021

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The crypto-market has recovered considerably in recent days, with Bitcoin climbing above $50,000 to reach $53,000 on the price charts at press time. As is customary, the altcoin market reacted quickly, with Polkadot, Binance Coin, UNI, and BAT all that in value over the last 48 hours.

Polkadot [DOT]

Polkadot, the altcoin ranked eighth on CoinMarketCap, was trading at a pace far below those seen in the first half of the month, as was the rest of the market. In reality, at the time of writing, DOT was nearly 30% off its ATH of $47.63 on the charts.

However, DOT has appreciated in recent days as a result of BTC’s fleeting revival, with the alt surging by nearly 16 percent in just over 48 hours.

The previously reported increase was followed by a revival in market volume, with the magnitude of the new bullishness visible when the alt’s indicators were examined.

While the Bollinger Bands mouth was widening to indicate a degree of near-term instability, the MACD axis was diverging away from the Signal line, with the former predicted to ascend past the histogram on the graph.

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The altcoin’s market behaviour over the last few days has been contradictory to what a recent report expected, with the same implying that DOT will fail to retain the $30-level as its help.

Binance Coin [BNB]

Source: BNB/USD on TradingView

Binance Coin has become one of the year’s strongest crypto stars, with the exchange token’s rise propelling BNB to third place on CoinMarketCap’s rankings. In reality, BNB was trading at an ATH average of $610 less than two weeks ago, prior to market-wide corrections.

However, the exchange token market has seen a welcome rebound in recent days, with BNB seeing a nearly 12 percent increase in less than two days. However, at the time of publication, the charts showed a very slow downtrend.

Despite the aforementioned downtrend, Binance Coin’s technical indicators were leaning towards the bulls. Although the dotted markers of the Parabolic SAR were below the price candles, Chaikin Money Flow was still above zero.

As anticipated, a crucial support level aided BNB’s recent uptick. It is debatable if the same would apply if the downtrend took a sharper turn.

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Uniswap [UNI]

Source: UNI/USD on TradingView

Since the second week of April, the native cryptocurrency of the Brave browser has been on a slow downtrend on the charts, with price activity punctuated by a string of fleeting climbs and rapid declines. Last week’s Bitcoin-fueled depreciation was an example of the above, with its subsequent rebound enabling BAT to recoup some of its losses.

In the last 36 hours, BAT has risen by almost 15% on the rankings.

BAT’s performance had a similar effect on the alt’s technical indicators, with Chaikin Money Flow staying steady about 0.20 and the Awesome Oscillator’s histogram signalling an improvement in market momentum.

Although the Bollinger Bands diverged to illustrate the degree of market uncertainty, the Relative Strength Index rose into the overbought range. Since the RSI was still below the above at the time of publication, it can be suggested that there is further upside to be had in the near term.

With V3 looming on the horizon, the price fortunes of UNI can only be expected to better its previous highs.

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Basic Attention Token [BAT]

Source: BAT/USD on TradingView

Since the second week of April, the native cryptocurrency of the Brave browser has been on a slow downtrend on the charts, with price activity punctuated by a string of fleeting climbs and rapid declines. Last week’s Bitcoin-fueled depreciation was an example of the above, with its subsequent rebound enabling BAT to recoup some of its losses.

In the last 36 hours, BAT has risen by almost 15% on the rankings.

The success of BAT had a similar impact on the alt’s technical indicators, with Chaikin Money Flow remaining stable about 0.20 and the Awesome Oscillator’s histogram indicating an increase in market momentum.

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