In the crypto world, DOGEN's sudden 1,200% rise captures attention as Bitcoin aims for a new high and Uniswap faces downtrends.
DOGEN: Incredible Rise Amid Political Developments
Amid surprising political news, the lesser-known digital currency DOGEN has soared by 1,200%, catching the spotlight in the crypto world. This marks a significant event as market sentiments shift within the decentralized finance space.
Bitcoin Moves Towards New High
Bitcoin is trading between $66,476 and $72,425, showing positive momentum. The Relative Strength Index is at 65.77, indicating a bullish trend. The 10-day Simple Moving Average is above the 100-day average, signaling short-term strength. If Bitcoin breaks the nearest resistance at $75,943, it could reach the next level at $81,892.
Uniswap: Bearish Trends
Uniswap is showing significant gains, with a 17% increase this week and over 31% in the past month. Despite the RSI indicating overbought conditions, the bullish trend may persist in the anticipated altcoin season. The price is nearing the resistance level of around $9, and breaking above it could push UNI towards the significant $10 milestone.
While Bitcoin edges towards a new record and Uniswap deals with trend shifts, DOGEN stands out with its incredible rise. This highlights the impact of external factors on the crypto market.
