Uniswap was in the green to start the weekend, despite cryptocurrency markets mostly consolidating. The token rebounded from losses suffered on Friday, moving closer to a key resistance level in the process. Dogecoin, å andra sidan, fell lower on Saturday as traders attempted to find a stable point of support.
Innehåll
Uniswap (UNI)
Uniswap (UNI) was one of Saturday’s notable movers, as prices rebounded from declines suffered the day prior.
After sinking to a bottom of $6.10 on Friday, UNI/USD marginally rebounded, climbing to a high of $6.27 i processen.
As a result of this, the token moved closer to a key resistance level of $6.35, which was last hit December 5.
In order to recapture this point, UNI bulls will first need to rise beyond a ceiling of 56.70 on the relative strength index (RSI).
För närvarande, the index is tracking at a level of 54.75, which has contributed to the current market volatility, with traders unsure if they should maintain previous positions.
i alla fall, should we see price strength surge beyond the aforementioned resistance at 56.70, then it is possible that UNI bulls could send prices towards the $7.00 märke.
Dogecoin (DOGE)
Dogecoin (DOGE) on the other hand remained in the red, following a failed breakout of a key resistance point on Friday.
Following a move to a high of $0.09858 i går, DOGE/USD dropped to an intraday low of $0.096 på lördag.
The move comes as the meme coin was unable to surge past its ceiling of $0.0990 during Friday’s session.
Tittar på diagrammet, this point of resistance coincides with another ceiling — that of the RSI.
När jag skrev, the index is currently tracking at 51.96, which is marginally below a ceiling of 53.00.
Should we see this wall broken, it is likely that the meme coin could head back towards the $0.1000 område.
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