Biggest Movers: UNI Closes in on 5-Week High, While SOL Also Climbs

Biggest Movers: UNI Closes in on 5-Week High, While SOL Also Climbs

Uniswap moved closer to its highest point since late August on Thursday, as the token extended recent gains. Today’s surge is the fourth consecutive day that prices have climbed, leading the token to break out of a key resistance level in the process. Solana was also in the green, recording a seven-day high as a result. Uniswap (UNI)

Uniswap (UNI) was one of today’s notable movers, as the token rose for a fourth consecutive day.

UNI/USD raced to an intraday high of $6.99 on Thursday, which comes less than a day after trading at a low of $6.49.

Today’s surge in price sees uniswap break out of its key resistance point of $6.70, hitting its highest point since August 26 in the process. UNI/USD – Daily Chart

Looking at the chart, bullish momentum in UNI intensified following another breakout, this time on the 14-day relative strength index (RSI.

The index moved beyond its ceiling of 57.45 during yesterday’s session, and as of writing is tracking at 61.47.

A higher ceiling of 63.00 now awaits UNI bulls, who could opt to secure gains and close positions as the RSI nears this point. Solana (SOL)

Solana (SOL) climbed to a one-week high on Thursday, as the token collided with a resistance of its own.

The world’s ninth-largest cryptocurrency hit a high of $34.46 in today’s session, which is its highest point since September 30.

Thursday’s high saw solana close in on a long-term ceiling of $34.50, which has historically been the main obstacle preventing prices from moving to $35.00. SOL/USD – Daily Chart

As of writing this, earlier gains in SOL have somewhat eased, as bulls moved to secure gains near this point of uncertainty.

The token is currently trading at $34.10, with the 14-day RSI tracking at 53.03, which is marginally above a resistance level of 53.00.

Bearish sentiment appears to be preparing to return, and should we see any further drop in price strength, SOL will likely head below $34.00.

Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Analysis, Crypto markets, SOL, Solana, Solana (SOL), TA, Technical Analysis, UNI, uniswap, uniswap (UNI)

Do you believe solana can hit $35.00 in the coming days? 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: Ethereum Nears $1,400, as Price Hits 10-Day High MARKET UPDATES | 11 hours ago Biggest Movers: DOGE, XRP Hit Highest Point Since Late September MARKET UPDATES | 1 day ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleEU Council Endorses Markets in Crypto Assets (MiCA) Legislation Next articleMike McGlone Says Gold Price Is ‘Firming’ — Commodity Strategist Insists BTC, ETH Will ‘Outperform Most Major Assets’ 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 ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin