Uniswap was in the green to begin the weekend, regardless of cryptocurrency markets mainly combining. The token rebounded from losses suffered on Friday, moving closer to a crucial resistance level in the procedure. Dogecoin, on the other hand, fell lower on Saturday as traders tried to discover a steady point of assistance.
Uniswap (UNI)
Uniswap (UNI) was among Saturday’s noteworthy movers, as rates rebounded from decreases suffered the day prior.
After sinking to a bottom of $6.10 on Friday, UNI/USD partially rebounded, reaching a high of $6.27 in the procedure.
As an outcome of this, the token moved better to a crucial resistance level of $6.35, which was last hit December 5.
In order to regain this point, UNI bulls will initially require to increase 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 actually added to the existing market volatility, with traders uncertain if they ought to preserve previous positions.
However, ought to we see rate strength rise beyond the previously mentioned resistance at 56.70, then it is possible that UNI bulls might send out rates towards the $7.00 mark.
Dogecoin (DOGE)
Dogecoin (DOGE) on the other hand stayed in the red, following a stopped working breakout of a crucial resistance point on Friday.
Following a relocate to a high of $0.09858 the other day, DOGE/USD dropped to an intraday low of $0.096 on Saturday.
The relocation comes as the meme coin was not able to rise past its ceiling of $0.0990 throughout Friday’s session.
Looking at the chart, this point of resistance accompanies another ceiling — that of the RSI.
As of composing, the index is presently tracking at 51.96, which is partially below a ceiling of 53.00.
Should we see this wall broken, it is most likely that the meme coin might head back towards the $0.1000 area.
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