The post Top Altcoins Gain Strength as Chainlink and Uniswap Signal a Potential Breakout appeared first on Coinpedia Fintech News
During the latest pullback, the Chainlink price broke down below the pivotal support zone, while the Uniswap price has been following a steep descending trend. Both the tokens have been facing a strong upward action, raising concerns over the next price movement. During the latest pullback, the prices of LINK & UNI experienced a strong pullback, which triggered the FUD. This was when the price began to rise.
The Santiment data shows the positive/negative sentiment of both the tokens that marked the lows recently. This suggests the traders carried negative sentiment for these tokens that dragged the price lower as selling intensified. However, the bulls jumped in and prevented excess price drain. Both the tokens witnessed a high amount of negative commentary compared to the other altcoin, and now that retail has dumped, they may be primed for a strong upswing.
Chainlink Price Prediction: LINK Price Primed for a 20% Recovery in February
After consolidating within a predefined resistance and support range for a couple of months, the LINK price was expected to initiate a breakout. However, the market dynamics, which shifted in favour of bears, dragged the levels below the range. Currently, the bulls have fallen weak at the support turned into a resistance zone between $11.80 and $12.02. Hence, a rise above the range may attract the bullish forces.
Chainlink is trading near $11.85, holding just above a well-tested support band around $11.70–$11.80, which has repeatedly attracted buyers. The RSI sits below 40, indicating weak momentum but also suggesting selling pressure may be easing. Meanwhile, the MACD remains negative, showing bearish momentum is still present but slowing. If LINK stabilizes here, a rebound toward $12.50 and then $14.00 is possible. A breakdown below $11.70 could expose $10.90 next.
Uniswap Price Prediction: Can UNI Reach $6 This Month
Uniswap price is trading near $4.82 after a prolonged downtrend defined by a descending trendline stretching from August highs. Price has consistently made lower highs, with recent attempts capped below the $5.60 resistance. Over the past few days, UNI has drifted sideways near the lower end of the range, holding just above $4.70 support. This behavior suggests consolidation after sustained selling pressure rather than a decisive breakdown or reversal.
Momentum indicators remain weak but show early signs of stabilization. The RSI is hovering near 38–40, indicating bearish momentum without deep oversold conditions, often seen during basing phases. The MACD remains below zero, but histogram bars are flattening, suggesting downside momentum is slowing. If UNI holds above $4.70, a rebound toward $5.60 is possible. A break above that could target $6.60–$8.60, while a loss of $4.70 risks a drop toward $4.20.
The Bottom Line
Taken together, the three charts point to a similar setup across Chainlink and Uniswap. Price charts for both LINK and UNI show prolonged consolidation near well-defined support zones after sustained downtrends, suggesting selling pressure is weakening rather than accelerating. At the same time, the sentiment chart highlights periods of heightened retail FUD that have coincided with price stabilization and early rebounds.
This combination of a compressed price structure, slowing downside momentum, and improving sentiment from pessimistic extremes increases the likelihood of a short-term recovery phase, provided key supports continue to hold and broader market conditions remain stable.
