Biggest Movers: UNI Higher, DOGE in Red on Saturday

Uniswap was successful the greenish to commencement the weekend, contempt cryptocurrency markets mostly consolidating. The token rebounded from losses suffered connected Friday, moving person to a cardinal absorption level successful the process. Dogecoin, connected the different hand, fell little connected Saturday arsenic traders attempted to find a unchangeable constituent of support.

Uniswap (UNI)

Uniswap (UNI) was 1 of Saturday’s notable movers, arsenic prices rebounded from declines suffered the time prior.

After sinking to a bottommost of $6.10 connected Friday, UNI/USD marginally rebounded, climbing to a precocious of $6.27 successful the process.

As a effect of this, the token moved person to a cardinal absorption level of $6.35, which was past deed December 5.

UNI/USD – Daily Chart

In bid to recapture this point, UNI bulls volition archetypal request to emergence beyond a ceiling of 56.70 connected the comparative spot scale (RSI).

Currently, the scale is tracking astatine a level of 54.75, which has contributed to the existent marketplace volatility, with traders unsure if they should support erstwhile positions.

However, should we spot terms spot surge beyond the aforementioned absorption astatine 56.70, past it is imaginable that UNI bulls could nonstop prices towards the $7.00 mark.

Dogecoin (DOGE)

Dogecoin (DOGE) connected the different manus remained successful the red, pursuing a failed breakout of a cardinal absorption constituent connected Friday.

Following a determination to a precocious of $0.09858 yesterday, DOGE/USD dropped to an intraday debased of $0.096 connected Saturday.

The determination comes arsenic the meme coin was incapable to surge past its ceiling of $0.0990 during Friday’s session.

DOGE/USD – Daily Chart

Looking astatine the chart, this constituent of absorption coincides with different ceiling — that of the RSI.

As of writing, the scale is presently tracking astatine 51.96, which is marginally beneath a ceiling of 53.00.

Should we spot this partition broken, it is apt that the meme coin could caput backmost towards the $0.1000 region.

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Do you expect dogecoin prices to rebound this weekend? Let america cognize your thoughts successful the comments.

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