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

Rakesh Upadhyay3 hours agoPrice analysis 8/11: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOTAfter the Aug. 11 Bitcoin ETF decision delay, BTC’s boring price action looks set to carry on through the weekend.1306 T
Rakesh Upadhyay3 hours agoPrice analysis 8/7: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTCBitcoin’s failure to rebound off strong support may open further downside, as bears may be tempted to sell.950 Total views1
Best Presales to Buy as BlackRock’s Ethereum Holdings Cross Record $1B
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
NY authorities announce charges related to ‘sham’ crypto recovery firm
Turner Wright7 hours agoNY authorities announce charges related to ‘sham’ crypto recovery firmThe New York County District Attorney seized roughly $14,000 that Coin Dispute Network operators allegedly stole from user
Tau-Chain Founder Ohad Asor and Prof. Franconi Explain Logical AI and How to Trade Knowledge
Tau-Chain Founder Ohad Asor and Prof. Franconi Explain Logical AI and How to Trade Knowledge Tau, in development, is the world’s first fully user-controlled blockchain, capa
Amaka Nwaokocha13 hours agoCoinbase user agreement dispute reaches US Supreme CourtThe Supreme Court’s choice to take up this case represents a pivotal development for firms utilizing arbitration clauses.10197 Total vi
Blackrock CEO on FTX Collapse: Most Crypto Companies Aren’t Going to Be Around
Blackrock CEO on FTX Collapse: Most Crypto Companies Aren"t Going to Be Around The CEO of Blackrock, the world’s largest asset manager, says that most crypto companies will n
Only Congress and DARPA can rein in the dangers of AI
Dean Ball6 hours agoOnly Congress and DARPA can rein in the dangers of AIAI is stretching the boundaries of existing internet protocols. A working group between DARPA, NIST and other federal agencies could help.233 Total
Mt Gox Bitcoins: Trustee Plans to Distribute BTC and BCH, Liquidate Forks Into Cash
Mt Gox Bitcoins: Trustee Plans to Distribute BTC and BCH, Liquidate Forks Into Cash On March 24, the Mt Gox creditors’ trustee from Tokyo, Nobuaki Kobayashi, disclosed a ne
Sotheby's to sell CryptoPunk and Beeple NFT at digital auction
Ezra Reguerra12 hours agoSotheby"s to sell CryptoPunk and Beeple NFT at digital auctionThe online event will occur at 7 pm UTC and end on Aug. 22. 1568 Total views17 Total sharesListen to article 0:00NewsOwn this piece
Does wine age better on the blockchain?
Savannah Fortis9 hours agoDoes wine age better on the blockchain?GrtWines is taking the $441 billion fine wine market and putting it on-chain through Web3 tokenization, with the aim of opening new doors for investors of
Crypto Exchange LBank and ETHDubai Partner for an Exclusive Meet-Up
Crypto Exchange LBank and ETHDubai Partner for an Exclusive Meet-Up press release PRESS RELEASE.Venture capitalists, founders, and eminent crypto investors graced the event to meet