The bulls seemed to be prolonging their stay in the crypto market. Assets like Uniswap [UNI], Ethereum [ETH], Litecoin [LTC], and several others went on to make the most of this bullish takeover.
A couple of days ago, Bitcoin [BTC] dipped below $30K, causing mayhem in the market. However, the king coin was quick to recover and was on its way to $34K. The market cap of the asset also saw a drastic rise over the $600 billion level.
Uniswap [UNI] was the star of today’s bull run. The altcoin managed to make the most gains over the last 24-hours. At the time of writing, UNI was priced at $18.68, with a 5.27% surge in the last couple of hours. The altcoin garnered profits of 14% over the previous seven days. The asset’s journey towards its all-time high of $44.97 made it stand out.
While Uniswap was doing fine in terms of price, it noticed a massive fall with regard to its ranking. The altcoin lost its spot in the top ten as its market cap subsided to $11.04 billion. Nevertheless, the asset remained above prominent coins like Bitcoin Cash [BCH] as well as Litecoin [LTC].
Uniswap [UNI] one-hour price chart on Binance
The short-term price chart of UNI was exhibiting a bullish notion. The Parabolic SAR indicator formulated dotted lines below the candlesticks. This line restricted any sudden drops in the price of the altcoin. Earlier today, the MACD line took over the signal line further forming a bullish crossover.
The Relative Strength Index [RSI] indicator revealed that UNI was being overbought. The RSI marker was way over the 60 median.
With the presence of bulls, UNI could be making its way on to $20 very soon.
In addition to its price, the total value locked in Uniswap on DeFi saw a significant drop. At press time, the total value of USD stacked in Uniswap was at a low of $5.46 billion.