Apecoin reached its highest level in more than two months today, following a losing streak of two days. Uniswap, which saw a 14% increase in token value on Wednesday was also a major mover. Global crypto market capitalization is currently trading at 2.79% more as of this writing.
Apecoin (APE).
Apecoin (APE) was one of today’s notable tokens to surge, as global crypto markets were back in the green.
APE/USD snapped a two-day losing streak, as the cryptocurrency rose to an intraday peak of $7.41 earlier in today’s session.
APE is now free from its $7.10 long-term resistance, which it has held since May 25, and this move will see APE break through.
The token will recapture the highs on Wednesday, and bulls are now hoping to maintain this break unlike this weekend’s moves.
At the time of writing, relative strength (RSI), is currently trading at 67.44. This is just marginally lower than the resistance point of 68.
Bullish momentum must continue throughout the rest of the week. We need APE to break through this ceiling.
Uniswap
APE (Uniswap) prices rose today too, similar to APE. This is due to a price rise earlier in the year.
The token was almost up 14% over the hump-day session. In the same time, prices rose to an all-time high of $9.33.
This rally saw UNI/USD move towards last Thursday’s high of $9.85, which is the highest point the token has traded at since April 15.
To recapture the high, UNI needs to break through an interim resistance level at $9.40 that it has not yet reached.
UNI traded at $9.08 following earlier highs. This was likely due to traders selling positions and gaining more.
The 14-day RSI is now at the 66 threshold, where it collided with a ceiling that has been set by the RSI. This likely triggered fears in bulls before.
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Are you optimistic that uniswap will overcome this obstacle in the next few days? We’d love to hear your comments.
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