XTZ Nears 3-Week High, UNI Remains Close to 2-Month High – Market Updates Bitcoin News

XTZ, which was a noteworthy mover in crypto’s top 100, saw prices rise to a new three-week high on Monday. UNI traded above a ceiling, which caused prices to collide with a critical resistance level.

Tezos (XTZ)

XTZ was a notable mover to start the week, as prices rose towards a three-week high during Monday’s session.

Following a low of $1.54 during yesterday’s session, XTZ/USD rose to an intraday peak of $1.68 earlier today.

The token’s price surge saw it collide with $1.67 as a resistance level. However, earlier gains have waned since then.

The price is still close to the peak. Bulls are trying to move toward the $1.80 mark to break the ceiling.

The break, if successful, would bring XTZ to its highest level since June 12, 2006 when it was trading at $2.

For this area to reenter, the price strength must significantly rise, driving momentum higher than 56 on the 14 day RSI indicator.

Uniswap

UNI also slightly rose on Monday as prices traded above a crucial resistance level after a recent breakout.

The token hit a peak of $6.38 to start the week, which is higher than its $6 ceiling, which was broken during Saturday’s session.

Bulls seem to be consolidating the weekend’s gains, which saw UNI/USD rise to its highest point since May 10.

After hitting a resistance of 69 over the weekend, the relative strength has risen to 63 as a result.

Bullish sentiment has not changed. However, prices could fall below $6 if bearish pressure increases, which would wipe out any gains made in recent months.

Prices could rise further despite being already overbought. Please share your views with us in the comments.

Eliman Dambell

Eliman is a market analyst with a diverse perspective. He has worked in various capacities, including as a retail trading teacher, brokerage director, and market commentator for Crypto, Stocks, and FX.