Uniswap hits 4-month high but profit-taking stalls rally – What now?
If there is no fresh uptick in buying activity, Uniswap's uptrend could weaken.
Keep up with what's happening in the crypto world in real-time.
If there is no fresh uptick in buying activity, Uniswap's uptrend could weaken.
The victory of “crypto president” Donald Trump continues to reverberate through the market, with Uniswap's native $UNI token rallying to hit a four-month high of $9.34 in the early hours UTC. However, Uniswap is now trading five cents below $9.
While Bitcoin (BTC) bulls are eyeing a new all-time high, Ethereum (ETH) is poised near $2,800 and Solana (SOL) is above $188. There is also notable attention on top DeFi tokens – including Uniswap (UNI), Aave (AAVE) and Ethena (ENA). Here's a wrap for the crypto market during the Asian hours on Nov.
Uniswap (UNI) has experienced a significant rebound, posting an impressive 35% rally over the last 24 hours. This sharp uptick has revived investor optimism after months of stagnant price movement, suggesting that the altcoin may be on the verge of a new uptrend.
The Open Interest (OI) also increased by 20%, involving over 18 million tokens.
These exchange-related tokens are seeing incredible investor interest today, but can it continue?
Bitcoin hit a new all-time high as U.S. election results send altcoins rallying.
Uniswap price is on the cusp of soaring by another 32% after flipping an important resistance level and escaping its six-month correction. UNI token rose to $9.45 on November 6, its highest level since June 27.
Uniswap (UNI) is riding a wave of renewed bullish momentum, with its price inching closer to the critical $8.74 resistance level. This surge has captured the attention of investors eager to see if UNI can overcome this hurdle and unlock fresh upside potential.
The broad market gauge CoinDesk 20 Index was higher by 8.2% versus bitcoin's 6% advance following Donald Trump's victory.
After Donald Trump's U.S. election win, DeFi tokens like Aave and Uniswap experienced strong gains.
Solana joins Uniswap as a top performer, gaining 12.7% as U.S. Presidential election results come in.
Aave, Uniswap and other decentralized finance tokens saw substantial gains following Donald Trump's victory in the U.S. election.
Uniswap is breaking multi-month price levels amid ongoing bullish rally.
The crypto markets are painted in green as the market participants turn bullish after Donald Trump sweeps the polls, becoming the new President of the United States. With this, the token with fewer expectations of a breakout attracts massive volume and breaks out of range.
Uniswap price has seen an impressive uptick, ending a months-long lack of momentum that persisted since early July. Over the past 24 hours, UNI recorded a strong 35% rally, bringing renewed optimism for the altcoin.
Uniswap was trading below the 50 and 200 EMA, indicating a potential long-term bearish trend.
Uniswap price remained under pressure on Monday, November 4, falling for five consecutive days as whales continued dumping the token. UNI token retreated to $6.9, its lowest level since October 4, and down by 60% from its highest level this year.
Aptos also joined Uniswap as an underperformer, declining 7.6% from Friday.
Despite Uniswap's $2 trillion milestone, UNI's recovery remains uncertain amid persistent downtrend pressures.
Uniswap (UNI) is currently trading just below $8, following a recent rejection at a significant resistance level earlier this week. As this decentralized exchange navigates this pivotal point, technical indicators suggest a potential bullish breakout, making this an exciting time for traders and investors alike.
Render joined Uniswap as a top performer, gaining 2.6%.
Uniswap (UNI) has partnered with MoonPay to enable users to buy cryptocurrency using Venmo, offering a seamless and direct way to access DeFi.
Bitcoin raised Uptober hopes as it approached the $73,949 ATH on 29 October, trading above $73,600 on leading exchanges. Despite being less than $300 away from its all-time highs, Bitcoin experiences reduced investor interest, signaling a potential crash in the near term. Bitcoin trades at $70,568 after dropping from its 24-hour high of $72,902.