DOT hits 12-day high, UNI up for fourth straight day – Market Updates Bitcoin News
Polkadot rose to its highest level in nearly two weeks on December 2, despite cryptocurrency markets falling after the latest non-farm payrolls report. The global crypto market cap is down 0.57% at the time of writing as prices consolidated following the data release. Uniswap was also higher, despite the turbulent sentiment on Friday.
Polka dot (DOTS)
Polkadot (DOT) moved to a 12-day high on Friday as the token rallied, despite crypto markets being mostly lower during the day.
After a low of $5.34 on Thursday, DOT/USD rose to an intraday high of $5.63 earlier in today’s session.
As a result of today’s rally, DOT moved to its highest point since November 20, when the token traded at a high of $5.65.
Looking at the chart, this point has also acted as a resistance level in recent times, and at the time of writing, the price is hovering below this mark.
In addition to the aforementioned price ceiling, the 14-day relative strength index (RSI) is also hovering near a separate resistance point.
The index is following 49.87, which is marginally below a ceiling at the 50.00 level. Should it move past this point, we could see prices move closer to $6.00.
Uniswap (UNI)
Uniswap (UNI) was another notable gainer on Friday, as prices rose for the fourth day in a row.
UNI/USD rallied to a high of $6.02 earlier in the day, which comes less than 24 hours after falling to a low of $5.73.
This move sees the unswap edge closer to a recent high of $6.40, which was last hit on November 16.
As a result of these recent gains, UNI is now nearly 11% higher over the past seven days, with the RSI tracking near a one-month high.
The index is currently at 53.25, its strongest point since November 6, and this comes as the 10-day (red) and 25-day (blue) moving averages appear to be trending higher.
Should this happen, we will likely see UNI bulls target a resistance level of $6.50.
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Could we see the unswap reach the $6.50 mark this weekend? Let us know your thoughts in the comments.
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