Highest Movers: UNI jumps in Top 20, as SHIB touch Top Point Since May

Highest Movers: UNI jumps in Top 20, as SHIB touch Top Point Since May

After soaring by more than 10% today, Uniswap entered the top 20 cryptocurrencies on Wednesday, demoting MATIC. As it nears a significant resistance level, UNI has now gained for four straight sessions. Prices for SHIB rose again Wednesday, reaching their highest level since May.

UNISWAP

On Wednesday, UNI was trading higher for a fourth straight session as the token entered the top 20.

UNI rose further Thursday, reaching an intraday high of $5.14 after touching a low of $4.43 on Tuesday. The 19th largest cryptocurrency in the world moved in this direction, getting near to its long-term resistance level at $5.20.

The 14-day RSI has reached its highest level since April 5 as a result of the latest price spike, hitting its own ceiling. This ceiling appears to be the 53.60 mark on the chart, which hasn't been breached in more than three months.

In the event that there is a move over this level, it is possible that UNI bulls will try to push the price even higher, to a price cap of $5.80.

SHIBA INU  

On Wednesday, SHIB increased its own gains as prices earlier in the day reached their best levels since May. Today's session saw the so-called meme coin reach its biggest intraday high since May 31 at $0.00001182.

We doubted that the token could hit its resistance level of $0.00001150 after yesterday's advance, but bulls have now crossed over this area. The price is currently trading at $0.00001022, although momentum has slowed down after the breakout of this ceiling.

Overall, SHIB/USD is still about 8% higher than its peak from yesterday, and bulls are likely to try to drive prices much higher.

The $0.00001300 resistance will probably be their next target if they are able to keep up their current momentum.