Fun

Biggest Movers: DOT Hits 12-Day High, UNI up for Fourth Straight Day

News Feed - 2022-12-03 01:12:26

Biggest Movers: DOT Hits 12-Day High, UNI up for Fourth Straight Day


Polkadot rose to its highest level in nearly two weeks on Dec. 2, despite cryptocurrency markets sliding following the latest nonfarm payrolls report. The global crypto market cap is down 0.57% as of writing, as prices consolidated following the data being released. Uniswap was also higher, despite the turbulent sentiment on Friday. Polkadot (DOT)


Polkadot (DOT) moved to a 12-day high on Friday, as the token rallied, despite crypto markets being mostly lower in the day.


Following a low of $5.34 on Thursday, DOT/USD surged to an intraday high of $5.63 earlier in today’s session.


As a result of today’s gains, DOT moved to its highest point since Nov. 20, when the token was trading at a high of $5.65. DOT/USD – Daily Chart


Looking at the chart, this point has also acted as a resistance level in recent times, and as of writing price is hovering below this mark.


In addition to the aforementioned price ceiling, the 14-day relative strength index (RSI) is also hovering close to a resistance point of its own.


The index is tracking at 49.87, which is marginally below a ceiling at the 50.00 level. Should it move past this point, we may then see prices head closer to $6.00. Uniswap (UNI)


Uniswap (UNI) was another notable gainer on Friday, as prices rose for a fourth straight day.


UNI/USD raced to a peak of $6.02 earlier in the day, which comes less than 24 hours after falling to a bottom of $5.73.


This move sees uniswap edge closer to a recent high of $6.40, which was last hit on Nov. 16. UNI/USD – Daily Chart


As a result of these recent gains, UNI is now almost 11% higher in the last seven days, with the RSI tracking near a one-month peak.


The index is currently at 53.25, which is its strongest point since Nov. 6, and this comes as the moving averages of 10-days (red) and 25-days (blue) look set for an upwards crossover.


Should this occur, we will likely see UNI bulls target a resistance level of $6.50.


Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Analysis, DOT, Polkadot, UNI, uniswap


Could we see uniswap hit the $6.50 mark this weekend? Let us know your thoughts in the comments. Eliman Dambell


Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX. Bitcoin, Ethereum Technical Analysis: ETH, BTC Higher Following US Nonfarm Payrolls Report MARKET UPDATES | 10 hours ago Markets Spike After Fed Chair Says It ‘Makes Sense to Moderate the Pace’ of Rate Hikes, Hints Easing Could Happen in December MARKET UPDATES | 2 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleUS Trustee Plans to Appoint an Examiner to FTX Case, While SBF Describes Strange Margin Trading Practices Next articleMEXC’s Changing for You | The 1st Exchange to Launch a Zero Maker Fee Event for Futures Orders Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItFollowing a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days


Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design

News Feed

Analyst Says Bitcoin Price Peak Lies Above $225,000, The Timeline Will Shock You
Este artículo también está disponible en español. As of December 21, 2024, the Bitcoin price is trading at around $98,600, reflecting a 3.4% increase from its previous cl
Clothing the Naked Emperor – the Blockchain Potential Unleashed With Prasaga
Clothing the Naked Emperor – the Blockchain Potential Unleashed With Prasaga Prasaga is a Foundation-based organization and the creator the DataGrid Blockchain
Rakesh Upadhyay5 hours agoBitcoin price gathers strength as SOL, AVAX, FIL and EOS prep for a breakoutSOL, AVAX, FIL and EOS price are beginning to look attractive, especially if Bitcoin opens the week with a renewed att
Ripple’s CEO Addresses Key Allegations by US SEC — Legal Response Coming Soon
Ripple"s CEO Addresses Key Allegations by US SEC — Legal Response Coming Soon Ripple CEO Brad Garlinghouse has addressed some of the allegations made by the U
French Central Banker: The World Needs to Standardize Crypto Regulations
A French central banker is calling for a global regulatory framework on crypto assets. In a speech at an Official Monetary and Financial Institutions Forum (OMFIF) meeting in London
Italy Wants to Tax Crypto Gains at 26% From 2023
Italy Wants to Tax Crypto Gains at 26% From 2023 The new government of Italy plans to impose a 26% tax on capital gains from crypto trading, according to the draft budget for next
Bitcoin.com’s Cashfusion Fund Exceeds Goal: $100K Raised for Bitcoin Cash Privacy
Bitcoin.com"s Cashfusion Fund Exceeds Goal: $100K Raised for Bitcoin Cash Privacy Bitcoin.com’s Cashfusion Fund officially surpassed the fundraiser goal by 103.3% or $51K w
US President-Elect Biden to Nominate MIT Blockchain Professor Gary Gensler as SEC Chairman
US President-Elect Biden to Nominate MIT Blockchain Professor Gary Gensler as SEC Chairman The U.S. President-elect Joe Biden is set to name Gary Gensler as the
Billionaire Ray Dalio Insists Governments Could Outlaw Bitcoin
Billionaire Ray Dalio Insists Governments Could Outlaw Bitcoin Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has reiterated h
Crypto downturn nukes $190M leveraged positions as traders eye CPI data
Prashant Jha6 minutes agoCrypto downturn nukes $190M leveraged positions as traders eye CPI dataThe liquidation comes just a few days after the crypto market recorded a $400 million liquidation on Friday.59 Total viewsLi
Bitcoin has 6 months until ETF ‘liquidity crisis’ — New analysis
William Suberg14 hours agoBitcoin has 6 months until ETF ‘liquidity crisis’ — New analysisBitcoin ETFs are sucking up the BTC available for purchase, and the tipping point in supply dynamics will come this year, on
Biggest Movers: RUNE, ZIL Rebound Following Recent Losses, Trading Nearly 20% Higher
Biggest Movers: RUNE, ZIL Rebound Following Recent Losses, Trading Nearly 20% Higher ZIL was up by more than 20% in Thursday’s session, as prices rebounded following a strin