Uniswap moved into the crypto top 20 on Wednesday, demoting MATIC after surging more than 10% today.UNI has now risen for four consecutive sessions, approaching an important resistance point SHIB rallied again today, with prices hitting their highest levels since May.
Uniswap (UNI)
UNI traded higher for the fourth consecutive session on Wednesday as the token moved into the top 20.
After hitting a low of $4.43 on Tuesday, UNI rallied higher today, hitting an intraday peak of $5.14.
The move means the world’s 19th largest cryptocurrency is approaching a long-term resistance level of $5.20.
As a result of this recent surge, the 14-day RSI has risen to its highest level since April 5, hitting a ceiling.
The chart shows that this ceiling is at 53.60 points and has not been broken in over three months.
If we see a move above this point, UNI bulls could try to take it to an even higher price ceiling of $5.80.
Shiba Inu (SHIB)
The so-called meme coin hit an intraday high of $0.00001182 in today’s session, its highest since May 31.
After yesterday’s rally, it was questioned whether the token would reach the resistance point of $0.00001150, but bulls have broken through this zone.
Overall, SHIB/USD is still up nearly 8% from yesterday’s peak, and bulls could try to push prices even higher.
If this momentum can be maintained, resistance at $0.00001300 will likely be the next point.
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