Polkadot and Uniswap surged Dec. 2 despite the cryptocurrency market experiencing a decline following the release of the latest nonfarm payrolls reports. Global crypto market capitalization was down 0.57% at the time of writing, indicating a consolidation period. Despite turbulent sentiment, the DOT and UNI tokens rose.
Polkadot (DOT)
Polkadot (DOT) touched a 12-day high on Friday, despite the bearish market. After starting the day at its lowest price of the week at $5.34, the DOT/USD pair surged to a peak of $5.63 in the current session.
This pushed the token to its highest point since November 20, when a peak of $5.65 was seen. This is reflected in the chart as a resistance level, which DOT is currently trading below.
The 14-day relative strength index (RSI) has also reached a resistance level, with a value of 49.87, just below the 50.00 ceiling. If the price breaks above this, then a potential rally to $6.00 could be seen.
Uniswap (UNI)
Uniswap (UNI) also rose on Friday, marking the fourth consecutive day of gains. The UNI/USD pair hit a high of $6.02, less than 24 hours after dropping to a low of $5.73.
This move brought the token close to its recent peak of $6.40, which was last seen on November 16. The gains have seen the token increase by nearly 11% over the past seven days.
The relative strength index (RSI) is also tracking close to a one-month high, with a value of 53.25. This is the highest point since November 6, with the 10-day and 25-day moving averages (red and blue) looking set for a crossover.
