Cryptocurrency markets have been consolidating while some tokens saw increased activity over the weekend. Friday saw the gains of Uniswap (UNI) despite the struggles of Dogecoin (DOGE).
Uniswap (UNI)
Uniswap (UNI) was one of the most visible tokens this weekend, with prices rebounding from the previous day’s decline.
UNI/USD dropped as low as $6.10 on Friday, but then rose marginally to $6.27, establishing a new high.
As a result, prices approached a key resistance level of $6.35, which was last reached on December 5.
Bulls will have to break above the 56.70 resistance level before UNI can reclaim the $6.35 mark. At the moment, the Relative Strength Index (RSI) stands at 54.75.
If this ceiling is breached, UNI may be pushed further towards the $7.00 level.
Dogecoin (DOGE)
Dogecoin (DOGE) had a difficult weekend, with prices dropping after a failed breakout of a key resistance level.
After reaching a peak of $0.09858 on Friday, DOGE fell to $0.096 during the Saturday session.
The decline came after DOGE could not breach the $0.0990 ceiling.
