The crypto market remained on edge on Christmas Eve as the recent Santa Claus rally faltered. Bitcoin was stuck below $90,000, while the market capitalization of all coins plunged to $2.94 trillion. This article provides a prediction of top tokens like Uniswap (UNI), Solana (SOL), and Shiba Inu (SHIB).
Uniswap price prediction
The Uniswap token has remained on edge in the past few days despite some notable developments in the network. The most important one happened this week when the community members voted to the unification vote.
This vote will merge Uniswap and Unichain, meaning that its network fees will be incinerated afterwards. Most importantly, the network will burn 100 million tokens from the treasury. A token burn removes the amount of tokens in circulation, a notable thing as the supply of tokens in exchanges has dropped in the past few months.
The daily timeframe chart shows that the UNI price has dropped in the past few months moving from $12.25 in August to the current $5.60.
Uniswap token is hovering near the important support level at $4.686, a level it failed to move below since April this year.
The token has moved below the 50-day and 100-day Exponential Moving Averages (EMA) and is below the Supertrend indicator.
It has also formed a head-and-shoulders pattern, a common bearish reversal sign. Therefore, the token will likely have a bearish breakout, a move that will be confirmed if it moves below the support at $4.686. A move below that level will point to more downside, potentially to the psychological level at $4.
Solana price technical analysis
Solana, like other altcoins, has dropped in the past few months, moving from a high of $252 in September to the current $121.
The token has dropped as it continued to lose market share against Ethereum, a chain that has continued to dominate in key industries like decentralized finance and real-world asset tokenization.
Solana has some bullish catalysts, including the rising ETF inflows and the upcoming Alpenglow upgrade, which will increase its performance significantly.
The token has remained below all moving averages, a sign that bears are in control. Most importantly, it has formed a bearish flag pattern, which is made up of a vertical line and an ascending channel.
Solana remains below the Supertrend and the Ichimoku cloud indicators. Therefore, the token will likely have a strong bearish breakdown in the coming weeks, potentially to the key support at $100.
Shiba Inu Coin price prediction
Shiba Inu Coin price slumped in the past few months and is now hovering near its lowest level in years.
The token has plunged as demand for meme coins plunged. Indeed, a closer look shows that most of these tokens have plunged by over 60% from their peaks in 2025.
Shiba Inu has remained below all moving averages, while top oscillators like the Relative Strength Index and the MACD indicators have continued falling this month.
On the positive side, the token has formed a falling wedge whose two lines are about to converge. Therefore, the token will likely rebound and possibly retest the key resistance level at $0.000010.
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