Biggest Movers: UNI, BCH Surge by Over 20%, Hitting Multi-Month Highs

Uniswap was trading over 20% higher in Thursday’s session as the token rose to its highest point since April. This comes as crypto markets surged on Tuesday, in the aftermath of the Fed rate decision. Bitcoin cash moved to a six week high on the news. The global crypto market cap is 6.51% higher as of writing.

Uniswap (UNI)

Uniswap (UNI) was one of Thursday’s notable movers, as the token rose by nearly 30% in today’s session.

Following a low of $6.77 during yesterday’s session, UNI/USD rose to an intraday peak of $8.72 earlier today.

The move saw the token hit its highest level since April 26, when prices were trading around the $9 mark.

Today’s price surge comes as UNI rallied above its recent resistance level of $.7.75, which had been previously held for the last three months.

This rise in price comes as the 14-day relative strength index collided with a resistance level of its own at 69.

Uniswap bulls will likely look to maintain their current momentum, and push prices towards $10, however, this may only occur once the ceiling on the relative strength index (RSI) is broken.

Bitcoin cash (BCH)

In addition to UNI, bitcoin cash (BCH) was also in the green during today’s session, with prices climbing by over 20%.

BCH/USD surged to an intraday peak of $147.57 earlier in the day, which comes less than 24-hours after prices were trading at a low of $117.86.

As of writing, prices were trading over 24% higher than yesterday’s bottom, with BCH at its highest point since June 13.

Similar to uniswap, today’s climb comes as the token broke free of its resistance point, which is at the $132 mark for BCH.

The RSI for bitcoin cash is currently tracking at 67.70, which is its highest reading since April 4, and comes after price strength rose above a resistance level of its own.

Should this momentum continue, the next target for BCH bulls will likely be beyond the $150 point.

Register your email here to get weekly price analysis updates sent to your inbox:

Could bitcoin cash climb to as high as $160 this week? Let us know your thoughts in the comments.

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest
Share on linkedin
LinkedIn

Follow Us

Most Popular

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.
On Key

Related Posts

Bitcoin Poised For Recovery, Relief Summer still In Play?

Bitcoin has been able to make a resurgence in recent weeks. The 25,000 USD barrier was recaptured by Bitcoin prices just two days ago, marking the first time since June 13th. Bitcoin Poised For New Rally In June, Bitcoin had its largest monthly decline since 2011, falling over 37.3% to a final value of $19,925.

Expert Reveals How “Fake Supply” Is Killing Your Bitcoin Gains

Caitlin Long, the founder and CEO of Custodia Bank, reveals that the BTC price should have hit somewhere close to six figures in the previous cycle. In an interview with Robert Breedlove’s “What Is Money” podcast, Long reveals that “paper bitcoin” has created a fake supply of BTC. The 21 Million Trap Bitcoin’s limited supply

Selling Bitcoin In Fear Of Mt. Gox dump? Here’s What Expert Suggests

Mt. Gox, a Japan based cryptocurrency exchange lost around 850,000 Bitcoins in an alleged hack back in 2014. It has been reported that the creditors will begin to receive some of the stolen assets. However, this event has raised vital concerns regarding the price stability of Bitcoin. Creditor to choose Bitcoin’s fate? As per reports,

Soneva’s Luxury Resorts Now Accept Crypto Payments

Luxury resort chain Soneva has reportedly begun accepting cryptocurrency payments at its resorts in the Maldives and Thailand. “Accepting cryptocurrencies as a payment method is another example of enabling our international guests to easily make payments from anywhere in the world.” Soneva Accepts Cryptocurrency Payments Luxury resort chain Soneva has reportedly begun accepting payments in