analysis, chainlink, link, uniswap

Chainlink hit a six-week high during Tuesday’s session, as the token rose for a sixth consecutive session. The move saw the token rally past a key resistance level in the process. Uniswap was also in the green, with prices climbing by as much as 16% earlier in the day.

Chainlink (LINK)

Chainlink (LINK) rose for a sixth straight day on Tuesday, which took the token to its strongest point since mid-August.

After trading at a floor of $6.55 last Wednesday, LINK/USD has rallied in back-to-back sessions, with today seeing prices hit a high of $8.36.

Tuesday’s top is the highest mark that chainlink has hit since August 17, days after a failed breakout from the $9.50 level.

analysis, chainlink, link, uniswap

LINK/USD – Daily Chart

Looking at the chart, today’s price surge came after a successful move beyond a ceiling of $8.05.

In addition to this, there was another breakout, with the 14-day relative strength index (RSI) marginally climbing past a resistance of its own.

As of writing, the index is now tracking at 61.03, which is its highest point since August 14.

Uniswap (UNI)

Another notable gainer on Tuesday was uniswap, which rose by as much as 16% during today’s session.

UNI/USD surged to a high of $6.68 on Tuesday, which saw prices climb to their highest point since September 13.

As a result of today’s move, uniswap is now trading near a ceiling of $6.70, which has historically been a point of contention.

analysis, chainlink, link, uniswap

UNI/USD – Daily Chart

Earlier gains have somewhat eased as the day has progressed, and as of writing the token is trading at $6.61.

This is a result of the RSI also nearing a hurdle of 58.00, which has resulted in some traders liquidating earlier positions.

In order for UNI to move above $7.00 in the coming days, the RSI will likely need to move past the 58.00 mark.

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

Do you expect UNI to climb above $7.00 in the coming days? Let us know your thoughts in the comments.

TECH NEWS RELATED

Court in China Recognizes NFTs as Virtual Property Protected by Law

A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a dispute between a customer and a platform hired to sell a collection of tokens. Hangzhou ...

View more: Court in China Recognizes NFTs as Virtual Property Protected by Law

Report Suggests FTX's Tokenized Stocks Might Not Have Been Backed 1:1, Synthetics May Have Been Used to 'Manipulate' Real Stock Prices

On Dec. 4, 2022, a report details that FTX-based synthetic stocks may have been used to manipulate the value of AMC shares. In May 2021, FTX offered 36 tokenized stocks but speculators believe it’s questionable whether or not the firm actually held the real stocks in the first place. ...

View more: Report Suggests FTX's Tokenized Stocks Might Not Have Been Backed 1:1, Synthetics May Have Been Used to 'Manipulate' Real Stock Prices

Wikipedia Editors List FTX's Questionable Blunder as the Top Trading Loss of All-Time

Following the collapse of FTX at the beginning of November, two top executives from FTX and Alameda Research — Sam Bankman-Fried and Caroline Ellison — have been listed among traders with the top trading losses worldwide on Wikipedia. According to the Wiki page, Bankman-Fried’s and Ellison’s so-called ‘trading loss’ ...

View more: Wikipedia Editors List FTX's Questionable Blunder as the Top Trading Loss of All-Time

Barcelona and Argentina Legend Mascherano Joins Alchemy Pay as Brand Ambassador

sponsored Barcelona and Argentina soccer legend, Javier Mascherano has signed for the leading fiat-crypto payment gateway Alchemy Pay. On December 1st, He announced on his social media platforms that he officially became an ambassador for Alchemy Pay, promoting its payment features and products, and will be working closely with ...

View more: Barcelona and Argentina Legend Mascherano Joins Alchemy Pay as Brand Ambassador

Biggest Movers: LEO Rebounds on Wednesday, Whilst AVAX Falls From 3-Week High

Unus sed leo was one of a few gainers on Tuesday, as cryptocurrency markets mostly traded lower. Bearish sentiment returned to the global crypto market cap in today’s session, with prices down by 1.77% as of writing. On the other hand, avalanche was trading lower, as prices retreated from ...

View more: Biggest Movers: LEO Rebounds on Wednesday, Whilst AVAX Falls From 3-Week High

Web3 Blockchain Gaming Project Oasys Closes Strategic Funding Round With Participation of Galaxy Interactive and Nexon

Oasys, a Gamefi-oriented Web3 blockchain project, has announced it has closed a strategic funding round led by Galaxy Interactive, a VC firm, and Nexon, a gaming company. The round, whose numbers were not disclosed, will allow the company to enhance its ecosystem by expanding its pool of partners to ...

View more: Web3 Blockchain Gaming Project Oasys Closes Strategic Funding Round With Participation of Galaxy Interactive and Nexon

Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,300 Following Monday’s False Breakout

Ethereum was in the red on Tuesday, as bears reentered the market following a failed breakout of a key resistance level. Prices failed to sustain yesterday’s move above $1,300, with momentum slipping in today’s session. Bitcoin was also lower, however is trading above $17,000 as of writing. Bitcoin Bitcoin ...

View more: Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,300 Following Monday’s False Breakout

Report: South African Digital-Only Bank Launches Crypto Payments Gateway

A South African digital-only bank (also known as a “neo bank”), Be Mobile Africa, has reportedly launched a crypto payment gateway that allows merchants to convert digital currency payments to fiat currency. Cédric Jeannot, the CEO of the digital-only bank, said the “new gateway is a game-changer” that also ...

View more: Report: South African Digital-Only Bank Launches Crypto Payments Gateway

Argentina Signs Automatic Tax Data Sharing Agreement With the United States

Morgan Creek CEO Says FTX Co-Founder SBF Was a 'Pawn' Used to 'Punish' the Crypto Industry

Bitcoin's Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022

India's Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims

What Should You Consider When Selecting a Data Analysis Tool?

Standard Chartered Bank: Bitcoin Could Fall to $5,000 Next Year

This Week’s NFT Sales Slid 5% Lower Than Last Week, Ethereum NFT Sales Accounted for 76.8% of the Volume

Document Claims Alameda CEO Caroline Ellison’s FTX Margin Position Was Negative $1.3B in May 2022

RBB LAB Uses NFT to Serve Alberto De Luigi and Andreas Kohl Summons

Biggest Movers: LTC Climbs to Highest Level Since May

North Korean Lazarus Group Linked to New Cryptocurrency Hacking Scheme

Bitcoin, Ethereum Technical Analysis: BTC Races to 3-Week High on Monday

OTHER TECH NEWS

Top Car News Car News