Uniswap climbed into the top 20 crypto-top 20, relegating MATIC on Wednesday after a surge of over 10%. UNI is now up for the fourth consecutive session, and it’s approaching a critical resistance level. SHIB saw prices rise today to their highest point since May.
Uniswap
UNI trades higher in the fourth consecutive session, with the token breaking into the top-20.
After a low Tuesday of $4.43, UNI climbed higher today and reached an intraday peak at $5.14.
This move saw the world’s 19th largest cryptocurrency move closer to its long-term resistance level at $5.20.
This recent rise in prices has caused the 14-day RSI to reach its highest point since April 5. It also reached a ceiling.
Looking at the chart, this ceiling appears to be the 53.60 point, which hasn’t been broken in over three months.
If the market moves beyond this level, it is possible that UNI bulls will attempt to push the price higher than $5.80.
Shiba Inu (SHIB)
SHIB saw its gains increase on Wednesday as prices rose to the highest level since May, earlier in that day.
The so-called meme coin hit an intraday high of $0.00001182 in today’s session, which is its highest point since May 31.
After yesterday’s rally, we questioned whether the token could reach its resistance point of $0.00001150, however bulls have broken through this zone.
We have noticed a decline in momentum since the breaking of this ceiling. Price is now at $0.00001021.
Overall, SHIB/USD is still nearly 8% higher than yesterday’s peak, with bulls likely to attempt to push prices even further.
If they maintain their momentum, then the resistance of $0.00001300 will most likely become their next target.
Were we going to see SHIB climb further in the next few days? We would love to hear your comments.
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