XTZ approaches 3-week high, UNI remains close to 2-month high – market updates Bitcoin news
XTZ was a notable draw in the cryptocurrency top 100 on Monday, when prices rose to a three-week high to start the week. Prices collided with an important level of resistance during the move, and this came when UNI continued to trade over its own roof.
Tezos (XTZ)
XTZ was a remarkable driver to start the week, as prices rose to a three-week high during Monday’s session.
After a low of $ 1.54 during yesterday’s session, XTZ / USD rose to an intraday high of $ 1.68 earlier today.
This price increase caused the token to collide with a significant resistance level of $ 1.67, with previous gains easing since then.
Overall, the price remains close to this peak, with bulls trying to break the roof and move towards the $ 1.80 level.
If successful, the break will cause the XTZ to trade at its highest point since June 12, when prices were falling from $ 2.
To re-enter this region, price strength must increase significantly, pushing momentum above a resistance level of 56 on the 14-day RSI indicator.
Uniswap (UNI)
UNI was also marginally higher on Monday, as prices continued to trade above a significant level of resistance, following a recent outbreak.
The token peaked at $ 6.38 to start the week, which is higher than the $ 6 ceiling broken during Saturday’s session.
The Bulls seem to be consolidating this weekend’s rise, which caused UNI / USD to rise to its highest point since 10 May.
As a result of this increase, relative strength is now overbought, with the RSI tracking of 63, after hitting a resistance level of 69 over the weekend.
So far, the bullish sentiment remains, but if the bearish pressure increases, we can see prices fall below $ 6, which will wipe out recent gains in the process.
Despite being overbought, can prices continue to rise further? Let us know your thoughts in the comments.
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