XTZwas a notable move in the crypto top 100 on Monday as prices rose toward three-week highs to start the week. Price hit a key resistance level during the move, which occurred as UNI continued to trade above its own ceiling.
Tezos (XTZ
XTZwas a notable move to start the week as prices rose toward three-week highs in Monday’s session.
After hitting a low of $1.54 in yesterday’s session,XTZ/USD rose to an intraday peak of $1.68 early today.
This price spike means that the token has hit a key resistance level of $1.67 and has since eased earlier gains.
Overall, prices are still close to this peak and the bulls are about to break the ceiling and move toward the $1.80 level.
If successful, this break would seeXTZtrading at its highest level since June 12, when it was down from $2
To re-enter this area, price strength would need to surge significantly and gain momentum above the resistance level of 56 on the 14-day RSI indicator.
Uniswap (UNI)
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The UNI rose modestly again on Monday as prices continued to trade above key resistance levels following the recent breakout.
The token recorded a peak of $6.38 to start the week, higher than the $6 ceiling broken during Saturday’s session.
Bulls appear to be consolidating their weekend gains with UNI/USD rising to its highest point since May 10.
As a result of this surge, relative strength is now overbought with the RSI tracking at 63 after hitting resistance at 69 over the weekend.
The bullish sentiment continues for now, but if bearish pressure builds, prices could fall below $6, erasing the recent gains in the process.
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