Prices of several cryptocurrencies, including Quant, Polkadot, and Uniswap, are changing amid recent market events and technical factors.
Quant's Rise After Bullish Pattern Formation
Quant, which involves enterprise blockchain solutions, rose for the second consecutive day, reaching its highest level since February 1. There were no major news events linked to the surge, suggesting that the price increase might be due to the formation of a bullish pattern in technical analysis.
Polkadot Rises After ETF Applications
The Polkadot cryptocurrency jumped after Grayscale filed an application for a spot ETF for DOT. Technical support is holding at $3.90, and accumulation per the Wyckoff Theory could lead to significant price increases.
Uniswap Increases After SEC Drops Charges
Uniswap price slightly increased after the US Securities and Exchange Commission dropped charges of offering unregistered securities against the company. This came soon after litigation was concluded against Coinbase.
Analysts warn of a possible temporary rise known as a 'dead cat bounce' before the market resumes a downward trend.
