Polkadot rose to its highest level in nearly two weeks on Dec. 2, despite cryptocurrency markets sliding following the latest nonfarm payrolls report. The global crypto market cap is down 0.57% as of writing, as prices consolidated following the data being released. Uniswap was also higher, despite the turbulent sentiment on Friday.
Polkadot (DOT)
Polkadot (DOT) moved to a 12-day high on Friday, as the token rallied, despite crypto markets being mostly lower in the day.
Following a low of $5.34 on Thursday, DOT/USD surged to an intraday high of $5.63 earlier in today’s session.
As a result of today’s gains, DOT moved to its highest point since Nov. 20, when the token was trading at a high of $5.65.
Looking at the chart, this point has also acted as a resistance level in recent times, and as of writing price is hovering below this mark.
In addition to the aforementioned price ceiling, the 14-day relative strength index (RSI) is also hovering close to a resistance point of its own.
The index is tracking at 49.87, which is marginally below a ceiling at the 50.00 level. Should it move past this point, we may then see prices head closer to $6.00.
Uniswap (UNI)
Uniswap (UNI) was another notable gainer on Friday, as prices rose for a fourth straight day.
UNI/USD raced to a peak of $6.02 earlier in the day, which comes less than 24 hours after falling to a bottom of $5.73.
This move sees uniswap edge closer to a recent high of $6.40, which was last hit on Nov. 16.
As a result of these recent gains, UNI is now almost 11% higher in the last seven days, with the RSI tracking near a one-month peak.
The index is currently at 53.25, which is its strongest point since Nov. 6, and this comes as the moving averages of 10-days (red) and 25-days (blue) look set for an upwards crossover.
Should this occur, we will likely see UNI bulls target a resistance level of $6.50.
Register your email here to get weekly price analysis updates sent to your inbox:
Could we see uniswap hit the $6.50 mark this weekend? Let us know your thoughts in the comments.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Read disclaimer
