As memecoin and altcoin season takes hold, a technical snapshot from September 5 shows Binance Coin, Uniswap, Gram and Chainlink at critical inflection points.
Binance Coin (BNB) is trading around $713 after briefly touching the $725–$730 range. The rally has carried BNB above its major moving averages: the 20-day EMA has accelerated to about $668, while longer-term averages remain grouped around $623–$651. BNB has also reclaimed the 200-day EMA near $651, making the $650–$670 area the primary support for the current bullish structure. However, the daily RSI is around 73, indicating overbought conditions, and the latest rejection at $730 suggests buyers face strong opposition. A daily close above $730 would open the path toward $750–$760, while losing $690 could trigger a retracement toward the 20-day EMA at $668.
Uniswap (UNI) has entered an aggressive recovery phase, rising from roughly $3.20 in mid-August to about $6.25. UNI has doubled in less than three weeks and cleared its major daily moving averages, including the $4.00–$4.20 cluster. It subsequently pushed through $4.70, $5.20 and $5.80 with little consolidation. The 20-day EMA is now around $4.70, while other major averages sit between $3.91 and $4.12. The daily RSI has reached about 80, and UNI is roughly 33% above its 20-day EMA, leaving the market significantly overbought. A clear breakout above $6.50 could extend price discovery toward $6.80 and $7.00, while failure to clear that zone could produce a cooldown to $5.80–$6.00. Deeper support lies between $5.20 and $4.70.
Gram (GRAM) remains stuck in a bearish market structure at around $1.36, below all major daily moving averages. The closest technical barrier is the 20-day EMA at $1.39, followed by another moving average at $1.40. A late-August recovery attempt toward $1.50 was rejected, reinforcing the view that the move was a relief rally rather than a broader reversal. The daily RSI is about 47, and volume has fallen significantly compared with May’s explosive activity. GRAM must recover $1.40 and then break the $1.49–$1.50 resistance area for a meaningful comeback, with the 200-day EMA at $1.60 as the next major target. On the downside, losing $1.30 could expose about $1.25 and potentially set new local lows.
Chainlink (LINK) is holding a much stronger technical structure after its August breakout from about $8.20 to over $12. LINK is currently trading near $11.58 and has consolidated between roughly $11.00 and $12.00 rather than giving back the rally. The price remains above the rising 20-day EMA at about $10.69, and the daily RSI has cooled from overbought territory toward 63. The main resistance sits between $12.00 and $12.20, with upper wicks reaching as high as $12.60. A confirmed close above $12.20 could reopen the path toward $12.60 and $13.00. The significant downside level is $11.00; a break below it would make a retest of the 20-day EMA around $10.70 more likely. The reclaimed 200-day EMA zone at $9.80–$10.00 represents stronger structural support.
