Fun

Biggest Movers: UNI Higher, DOGE in Red on Saturday

News Feed - 2022-12-11 01:12:16

Biggest Movers: UNI Higher, DOGE in Red on Saturday


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, on the other hand, fell lower on Saturday as traders attempted to find a stable point of support. 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 in the process.


As a result of this, the token moved closer to a key resistance level of $6.35, which was last hit December 5. UNI/USD – Daily Chart


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).


Currently, 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.


However, 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 mark. 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 yesterday, DOGE/USD dropped to an intraday low of $0.096 on Saturday.


The move comes as the meme coin was unable to surge past its ceiling of $0.0990 during Friday’s session. DOGE/USD – Daily Chart


Looking at the chart, this point of resistance coincides with another ceiling — that of the RSI.


As of writing, 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 region.


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


Do you expect dogecoin prices to rebound 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: BTC, ETH Consolidate to Start the Weekend MARKET UPDATES | 9 hours ago Meme Coin Economy Heals After the FTX Fiasco Swelling by $1.4 Billion in 30 Days MARKET UPDATES | 20 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons, rafapress / Shutterstock.com Previous articleVersatile 1% a Day Stablecoin SFUSD Launching on 10th December Next articleTalks of Issuing a New FTT Token Fuel Coin’s Price Despite FTT’s Broken Tokenomics Scheme 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 ItSEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale


Grayscale Investments" CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is "a Matter of When and Not ... read more.Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether

News Feed

Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper
Tether Hires BDO Italia for Monthly Assurance Reports, USDT"s Quarterly Attestation Shows a 58% Decrease in Commercial Paper This week, the stablecoin issuer Tether Holdings Limite
David Attlee6 minutes agoSpanish regulators set precedent with crypto ad violations caseThe National Securities Market Commission accuses Miolos of non-compliance with the cryptocurrency regulations established by the CN
Ethereum Price Crash To $2,100 Triggers Fear, But Why Are Analysts Predicting A Rally To $6,000?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Luxury Italian Retailer Michele Franzese Moda Reveals Fashion Brand Accepts Crypto Payments
Luxury Italian Retailer Michele Franzese Moda Reveals Fashion Brand Accepts Crypto Payments The Italian luxury brand Michele Franzese Moda has announced the firm is accepting crypt
Firm behind world’s fastest Bitcoin miner raises another $80M
Tristan Greene6 hours agoFirm behind world’s fastest Bitcoin miner raises another $80MAuradine’s previous funding round brought in $81 million and was led by Marathon Digital Holdings.1818 Total views2 Total sharesLi
Financial Guru Dave Ramsey Doubts Bitcoin Can Be Cashed Out — Advises BTC Investor to Sell Now
Financial Guru Dave Ramsey Doubts Bitcoin Can Be Cashed Out — Advises BTC Investor to Sell Now Personal finance guru Dave Ramsey has given advice about bitcoin
Ana Paula Pereira4 hours agoBitcoin core developer steps back from Lightning Network over "hard dilemma"Antoine Riard believes the Bitcoin community faces a "hard dilemma" as a new class of replacemen
Robert Kiyosaki: SEC Will ‘Crush’ Most Cryptos, Burry on US Recession, Gold Bug Schiff on Inflation in 2023 — Week in Review
Robert Kiyosaki: SEC Will "Crush" Most Cryptos, Burry on US Recession, Gold Bug Schiff on Inflation in 2023 — Week in Review 2023 is off to a rough start, with crypto business ba
Tom Mitchelhill3 hours agoSolana hoses down ‘inaccurate’ CertiK report on Saga phone security flawsCertiK claims Solana’s Saga smartphone contains a critical “bootloader vulnerability”; Solana Labs says the cla
John McAfee Arrested, Indicted for $23 Million Illegal Crypto Pumping and Tax Evasion in US
John McAfee Arrested, Indicted for $23 Million Illegal Crypto Pumping and Tax Evasion in USJohn McAfee has been arrested and indicted for tax evasion, the U.S. Department of Justice
Gareth Jenkinson14 hours agoBitcoiners stack ’em up: Inactive BTC supply hits all-time highsInactive Bitcoin addresses have hit all-time highs across one-, three- and five-year time domains while BTC outflows from exch
Ethereum’s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer
Ethereum"s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer 26 days ago, Ethereum transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) blockc