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Home web3.0 As the crypto market delivers a mix of signals, many are turning their attention to new projects

As the crypto market delivers a mix of signals, many are turning their attention to new projects

Jun 06, 2025 am 10:46 AM

Uniswap is gaining momentum with a developing bullish pattern, prompting traders to monitor resistance levels closely. Meanwhile, XRP continues to face pressure

As the crypto market delivers a mix of signals, many are turning their attention to new projects

The crypto market is showing mixed signals as traders digest recent price action and anticipate the next move. Many are turning their attention to new projects that offer real potential and early-stage access.

Uniswap (UNI) is gaining momentum with a textbook technical pattern forming on the charts. Chart structures are often discussed in the crypto space, but rarely seen in such perfect formation.

This pattern, known as an inverted head and shoulders, signals a potential reversal after a downtrend. It's formed with three troughs, where the lowest point is called the 'head' and the two higher lows are the ‘shoulders’. The neckline connects the highs of the pattern.

Currently, UNI is trading at $6.73, which is at the neckline of the inverted head and shoulders pattern. The neckline is providing immediate resistance, and a breakout above this level could trigger a strong upside move.

Recently, Uniswap has shown strength with weekly gains of over 6% and $750 million in trading volume. This activity is significant and suggests that there is renewed interest from the market in the project.

Backing the technical setup is Uniswap’s Layer 2 expansion through Unichain, which has seen over $10 billion in volume. This traction highlights growing user activity and real platform utility.

As valuation catches up to performance, UNI could deliver outsized returns for long-term holders who have supported the project through its early stages.

Unstaked Is Making Quiet Progress in Stage 18

Unstaked ($UNSD) is making quiet but notable progress. Now in Stage 18 of its presale, the project is priced at just $0.010743 and has already raised nearly $9 million.

This offers one of the lowest-cost entry points for a project combining real utility with early-stage momentum. At the same time, Unstaked stands apart with no private allocations and a locked liquidity system.

Unstaked’s structure and tokenomics are designed for long-term stability and community participation. It’s also gaining attention through its $1 million Gleam campaign, which will award 20 winners with $50,000 each in $UNSD.

Unstaked is one of the most compelling crypto opportunities emerging in 2025.

XRP Holds Key Support As Short-Term Signals Remain Mixed

XRP has pulled back to around $2.29 after a 15% dip over the past two weeks. Recent momentum has shown signs of weakness, with prices struggling to break above the 0.236 Fibonacci level.

Analysts are closely watching the $2.19 to $2.20 range, which aligns with the 0.382 Fibonacci level and serves as a crucial support zone. A hold above this area could stabilize price action and set the stage for recovery.

However, if sellers return and push below $2.19, it could open the door for further weakness towards the 0.5 Fib at $1.88.

While short-term sentiment remains cautious, long-term confidence in Ripple’s utility and cross-border use cases is unchanged. Once XRP reclaims $3.00, broader retail momentum could follow.

Current levels may offer a strategic entry point ahead of the next move. A break above the 0.236 Fib and a return above $2.50 could set the stage for a potential rally towards the 0.382 Fib at $3.77.

However, if sellers remain in control and push below the 0.382 Fib, it could open the door for a deeper correction towards the 0.5 Fib at $2.19.

News data source: kdj.com

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