The digital assets Uniswap (UNI) and Matic (MATIC) have attracted considerable attention from traders and analysts. Industry experts Rekt Capital and altFINs have conducted technical analyses to shed light on the possible future directions of these projects.

Uniswap (UNI) Analysis

Rekt Capital's recent analysis has centered on the likelihood of Uniswap (UNI) retesting a specific price area to establish new support. As predicted, UNI did drop into this area, leading to a retest. Following this retest, UNI saw a positive bounce of +17% from the orange zone, potentially solidifying it as a new support level.

According to Rekt Capital, UNI staying above this orange area would be a bullish sign. It is crucial for UNI to maintain this position leading up to the Monthly Candle Close. A close above this area could indicate UNI's positioning within the current price range, defined by the orange Range Low and the red Range High at $19.22.

Even if a Monthly Close happens above the orange area, Rekt Capital suggests that another pullback into the orange zone could technically occur for a retest. While not guaranteed, any downward movements would signify this retest action on a monthly basis.

The analyst highlights that a retest is a normal and healthy technical occurrence. Successful retesting on both the Weekly and Monthly timeframes would confirm UNI's readiness to move within the macro range over time.

Matic (MATIC) Analysis

altFINs offers a trade setup analysis for Matic (MATIC), indicating that the price is currently in an Uptrend. MATIC bounced off support at $0.92 and could potentially revisit the $1.25 level soon. Momentum indicators suggest a building bullish momentum, as shown by the rising MACD Histogram.

altFINs recommends setting a Stop Loss (SL) level at $0.89 and advises traders to monitor price alerts for potential entry points. The analysis reveals that MATIC is in an Uptrend across short, medium, and long-term timeframes.

While there is a mix in momentum indicators, with the MACD Line below the MACD Signal Line (bearish indication) and the RSI around 50 (neutral signal), the increasing MACD Histogram bars suggest strengthening bullish momentum.

In terms of key levels, altFINs identifies the nearest Support Zone as $1.00 – $1.05, followed by $0.92 and $0.75. On the resistance side, the closest Resistance Zone is $1.25, with $1.50 as a potential hurdle.

In conclusion, as the cryptocurrency market experiences volatility, these analyses from Rekt Capital and altFINs offer valuable technical insights for traders and investors navigating the potential paths of Uniswap (UNI) and Matic (MATIC).