Uniswap (UNI) made headlines in the cryptocurrency market as it reached a 4-month high, only to face a significant pullback due to increased selling pressure and profit-taking. Despite impressive whale activity and a strong bullish push, the rally has slowed down as more UNI tokens are deposited to exchanges, signaling that large traders may be preparing to sell.
If there is no fresh uptick in buying activity, Uniswap's uptrend could weaken.
The victory of “crypto president” Donald Trump continues to reverberate through the market, with Uniswap's native $UNI token rallying to hit a four-month high of $9.34 in the early hours UTC. However, Uniswap is now trading five cents below $9.
While Bitcoin (BTC) bulls are eyeing a new all-time high, Ethereum (ETH) is poised near $2,800 and Solana (SOL) is above $188. There is also notable attention on top DeFi tokens – including Uniswap (UNI), Aave (AAVE) and Ethena (ENA). Here's a wrap for the crypto market during the Asian hours on Nov.
Uniswap (UNI) has experienced a significant rebound, posting an impressive 35% rally over the last 24 hours. This sharp uptick has revived investor optimism after months of stagnant price movement, suggesting that the altcoin may be on the verge of a new uptrend.
The Open Interest (OI) also increased by 20%, involving over 18 million tokens.
These exchange-related tokens are seeing incredible investor interest today, but can it continue?
Bitcoin hit a new all-time high as U.S. election results send altcoins rallying.
Uniswap price is on the cusp of soaring by another 32% after flipping an important resistance level and escaping its six-month correction. UNI token rose to $9.45 on November 6, its highest level since June 27.
Uniswap (UNI) is riding a wave of renewed bullish momentum, with its price inching closer to the critical $8.74 resistance level. This surge has captured the attention of investors eager to see if UNI can overcome this hurdle and unlock fresh upside potential.
The broad market gauge CoinDesk 20 Index was higher by 8.2% versus bitcoin's 6% advance following Donald Trump's victory.
After Donald Trump's U.S. election win, DeFi tokens like Aave and Uniswap experienced strong gains.
Solana joins Uniswap as a top performer, gaining 12.7% as U.S. Presidential election results come in.
Aave, Uniswap and other decentralized finance tokens saw substantial gains following Donald Trump's victory in the U.S. election.
Uniswap is breaking multi-month price levels amid ongoing bullish rally.
The crypto markets are painted in green as the market participants turn bullish after Donald Trump sweeps the polls, becoming the new President of the United States. With this, the token with fewer expectations of a breakout attracts massive volume and breaks out of range.
Uniswap price has seen an impressive uptick, ending a months-long lack of momentum that persisted since early July. Over the past 24 hours, UNI recorded a strong 35% rally, bringing renewed optimism for the altcoin.
Uniswap was trading below the 50 and 200 EMA, indicating a potential long-term bearish trend.
Uniswap price remained under pressure on Monday, November 4, falling for five consecutive days as whales continued dumping the token. UNI token retreated to $6.9, its lowest level since October 4, and down by 60% from its highest level this year.
Aptos also joined Uniswap as an underperformer, declining 7.6% from Friday.
This month's token unlocks include both “cliff” releases, where the digital assets are unlocked all at once, and “linear” releases, where tokens are gradually unlocked over time.
Despite Uniswap's $2 trillion milestone, UNI's recovery remains uncertain amid persistent downtrend pressures.
The crypto market swung low, which might be the last big discount before a parabolic run. Reflecting bearish sentiment, the underwhelming performance of Arbitrum (ARB) continues. However, DTX Exchange (DTX), a new exchange-based token, has defied the broader market trend by exploding in presale. It has raised over $6.
Uniswap (UNI) is currently trading just below $8, following a recent rejection at a significant resistance level earlier this week. As this decentralized exchange navigates this pivotal point, technical indicators suggest a potential bullish breakout, making this an exciting time for traders and investors alike.
Venus Protocol, one of the Top 5 decentralized finance (DeFi) lending platforms, today announced it has been approved for a grant from the Arbitrum Foundation.
Render joined Uniswap as a top performer, gaining 2.6%.
Uniswap (UNI) has partnered with MoonPay to enable users to buy cryptocurrency using Venmo, offering a seamless and direct way to access DeFi.
Bitcoin raised Uptober hopes as it approached the $73,949 ATH on 29 October, trading above $73,600 on leading exchanges. Despite being less than $300 away from its all-time highs, Bitcoin experiences reduced investor interest, signaling a potential crash in the near term. Bitcoin trades at $70,568 after dropping from its 24-hour high of $72,902.
Uniswap integrates Venmo via MoonPay, allowing users to easily buy crypto with Venmo balances and streamline DeFi access. The post Uniswap users can now buy crypto using Venmo via MoonPay appeared first on Crypto Briefing.
Arbitrum's long/short ratio suggests that traders are heavily leaning towards another drop.
The crypto markets are gearing up and heading towards the monthly close, which may keep up the ‘Uptober' vibes. While the Bitcoin price is just a few inches away from the highs, the market participants have become more optimistic over the next price action.
Uniswap Protocol saw its monthly L2 volume soaring to $18.23 billion this month, eclipsing the $7.34 billion recorded in 2023. The staggering surge indicates massive activity and robust growth in the UNI ecosystem. Such an environment supports impressive price actions for UNI in the upcoming sessions, with bulls targeting extending rallies to $12.01.
Uniswap (UNI) price has recently gained momentum, experiencing a significant price surge that signals a bullish trend in the market. Trading above a vital support level, UNI shows signs of strengthened momentum, reflecting an upward shift in investor sentiment.
Sunray Finance may have lost the value of its SUN token, after a smart contract exploit on Arbitrum. The total loss after rogue SUN token minting is more than $2.8M, but the attack may mean Sunray DEX never launches.
The dramatic increase in trading volume indicates potential for sustained price growth and investor engagement.
Raydium continues to draw attention as the most active DEX on Solana. RAY tokens trade near their one-year high, with rising open interest in the past weeks.
Lido has announced the integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enable cross-chain staking across Ethereum layer-2 networks such as Arbitrum, Base, and Optimism, according to an Oct. 29 statement shared with CryptoSlate.
Offchain Labs introduces Timeboost, a protocol enhancing transaction ordering on Arbitrum chains, balancing speed and MEV protection. Discover how it aims to improve blockchain efficiency.
Bitcoin (BTC) faced a considerable slump on Friday, and registered a low of $65,700 on Saturday as escalating tensions in the Middle East spooked markets. However, it found support at this level and recovered to push back above $67,000.
Uniswap announced in-app bridging capabilities this week, which traders and investors are clearly cheering.
Synthetix, a well-known DeFi protocol for synthetic assets, has just announced the launch of version V3 on the layer-2 blockchain of Arbitrum.
Uniswap takes a step to revolutionize cross-chain trading for users.
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RARI Chain and Arbitrum are teaming up to launch DeFi Days — offering workshops, quests, and contests to help creators explore new crypto-earning opportunities.
Uniswap's technical and on-chain signals indicate a potential bullish breakout as momentum builds.
Bitcoin Cash was also among the top performers, gaining 2.9% since Wednesday.
The v3 launch marks the DeFi protocol's first big product rollout after a governance overhaul in October.
The bridging function of Uniswap makes cross-chain transactions faster and more secure.