Altcoins
Biggest Crypto Gainers Today on Uniswap – INJ, MUBI, PRIME
Last Updated: December 12, 2023 3:59 PM EST | 6 minutes of reading
As the cryptocurrency market attempts to recover from the recent pullback, several coins are making big moves today. Bitcoin faced downward pressure, stabilizing around $41,000 after the recent decline. Some altcoins like INJ, PRIME and MUBI, however, are showing bullish trends, which deviate from the overall market trend.
Even though Bitcoin remains a key indicator of Market SentimentThe divergent paths of these altcoins highlight the importance of keeping a broad perspective on the market.
Moving Averages and MACD Highlight Bullish Momentum in INJ
INJ is currently showing strong momentum in the cryptocurrency market, establishing itself as one of the biggest gainers in cryptocurrencies. Uniswap.
INJ’s current price stands at $26.56, with a 24-hour increase of 14.15%. Over the past week and month, INJ has surged 60% and 51%, respectively, illustrating a long uptrend. The market capitalization of $2.2 billion and a trading volume of $477 million in 24 hours further highlight the growing interest in this asset.
The moving averages paint a bullish picture. The 20-day EMA at $18.963 is positioned above the 50-day and 100-day EMAs, at $16.276 and $13.554 respectively. This arrangement generally indicates a strong uptrend, suggesting that INJ could continue its ascent.
In terms of Moving Average Convergence Divergence (MACD), today’s value stands at 1.881, up from yesterday’s 1.436. This increase also indicates intensifying bullish momentum, potentially pushing INJ price even higher.
The Relative Strength Index (RSI), however, presents a warning sign. Today’s RSI stands at a high level of 79.48, up from yesterday’s 75.80, indicating that INJ is entering overbought territory. Such high RSI levels often precede a market correction or consolidation phase, as traders may begin to take profits.
INJ hit an all-time high (ATH) of $27.87 today before returning to current prices. If it closes above this new ATH, there appears to be no immediate apparent resistance level. The closest support level lies at $19.488 (0.382), followed by $16.982 (0.5) and $14.476 (0.618). Additional support levels are identified at $15, $14,150 and $9,965.
Considering these technical indicators, traders and investors should consider a balanced approach. While the uptrend and strong momentum position INJ as one of the biggest crypto gainers on Uniswap, the overbought RSI suggests the potential for a near-term pullback. Investors should closely monitor support levels, as they could provide attractive entry points in the event of a price correction.
MUBI Uptrend Manifests in Moving Averages and Rising Volumes
Multibit (MUBI) is also one of the biggest crypto gainers on Uniswap today, showing an impressive growth trajectory since its launch on November 14.
The current price of MUBI stands at $0.08758, with a market cap of $83 million. The 24-hour trading volume saw a substantial increase of 147.86%, reaching $25 million. The price has surged 36.00% over the past 24 hours, 15.80% over the past week, and a remarkable 1,557.99% over the past 30 days.
MUBI moving averages suggest a strong uptrend. The 20-day EMA is at $0.08393, slightly above the 50-day EMA at $0.07793 and the 100-day EMA at $0.07533. This alignment indicates continued positive momentum for MUBI price.
As for the MACD, the current value is 1.881, up from 1.436 yesterday. Increasing MACD values reinforce the strength of the current uptrend.
The RSI presents a more temperate picture. Today’s RSI stands at 60.14, up from yesterday’s 55.63, indicating increasing buying pressure but still remaining in a moderate zone. The current situation suggests that while there is bullish sentiment, the market is not in overbought territory, potentially leaving room for further price growth.
MUBI reached its all-time high (ATH) of $0.10800 last week before experiencing a pullback. If it closes above this ATH, there appears to be no immediate resistance level ahead. Fibonacci levels indicate $0.10800 as immediate and final resistance, with the nearest support level at $0.08345. Lower support levels include $0.06505 and $0.05491, with additional support at $0.04420 and $0.03413.
Considering these technical indicators, MUBI positions itself as a serious contender for continued growth. The combination of healthy moving averages, a consistent MACD, and a moderate RSI level suggests that MUBI could maintain its upward trajectory. Traders should keep an eye on the ATH and support levels as these will be crucial in determining MUBI’s price action in the near future.
Multibit’s performance since its inception paints a positive picture for its future. As one of the biggest crypto gainers on Uniswap today, MUBI demonstrates the potential for sustained growth, supported by strong technical indicators. Investors and traders should consider these factors when developing their strategies for MUBI.
PRIME shows strong growth, indicating its potential as the top crypto gainer on Uniswap
Echelon Prime (PRIME) is also performing well, also making it one of the biggest crypto gainers on Uniswap today.
PRIME price currently stands at $8.74, reflecting a 15.78% increase over 24 hours. The bullish trend is further evidenced by an increase of 74.36% over the past month. PRIME’s market capitalization stands at $229 million, with a 24-hour trading volume of $11 million, up 80%, highlighting growing investor interest.
PRIME’s moving averages offer a bullish outlook. The 20-day EMA is at $7.676, above the 50-day EMA at $6.415 and considerably above the 100-day EMA at $5.182. Such an EMA arrangement usually signifies a strong and sustained uptrend.
Today’s MACD value for PRIME is 0.565, up slightly from yesterday’s 0.525, suggesting a gradual strengthening of bullish momentum, although the rise is not as pronounced as that observed for assets more volatile.
The RSI, however, presents a more nuanced view. Today’s RSI stands at 61.64, slightly lower than yesterday’s 64.04. The slight decline indicates a cooling from increased overbought conditions, potentially signaling a stabilization of the current uptrend without immediate risk of a sharp pullback.
A key event in PRIME’s recent price action is its rejection today at the $10 mark – the highest price reached since March 1 – after which it fell to its current price. It is currently retesting the new resistance level of $8.921. If the retest is successful, the next immediate resistance lies at $10, with the closest support level at $7.266. Other important support levels can be found at $6.421 (0.5) and $5.576 (0.618), with an additional support level at $4.525.
PRIME’s market performance positions it as a serious competitor in the crypto market today. Although the uptrend is evident from the moving averages and MACD, the RSI suggests a more balanced scenario without extreme overbought conditions. Traders should closely monitor the resistance level at $8.921 and the support level at $7.266 for possible trading opportunities. Current market dynamics indicate a cautiously optimistic outlook for PRIME, with the potential to maintain its status as one of the biggest crypto gainers on Uniswap.
As INJ, MUBI and PRIME post impressive rebounds, it highlights the potential for overlooked assets to gain unexpected momentum. Their outsized gains underscore an interesting strategy: identifying promising but little-known cryptocurrencies before widespread exposure drives up prices via crypto presales.
Crypto Presales: Lesser-Known Cryptos That Can Generate Big Gains
Assessment crypto presales requires extensive due diligence on aspects such as technology, team, roadmap and tokenomics. But getting started early on the next big project can reap huge benefits.
Cryptocurrencies in their pre-sale and launch phases, they often constitute an ideal entry point, with symbolic prices that are always affordable. As enthusiasm builds and crypto becomes established, values tend to appreciate quickly.
Although risks exist when speculating on new assets, careful analysis by CryptoNews.com experts can reveal the next INJ, MUBI or PRIME – overlooked cryptos poised for meteoric growth. Exploiting these hidden gems early is a proven formula for crypto investing success.
Below we cover 19 of the most promising lesser-known cryptocurrencies that could have a major impact in the coming months.