UNI price has risen 20%, reaching resistance at $19, a level that has not been tested in the last three years. A consolidation above $17 could open the way to new highs.
Indicators point to further growth: RSI: Increased from 33 to 67, signaling an exit from oversold conditions. A consolidation above 70 will move UNI into the overbought zone, which could strengthen the growth.
BBTrend: Increased from -2.47 to -0.82, indicating buyers are becoming more active and selling is weakening.
Key levels: Resistance is $19.47, a breakout could lead the price to $20 and then to $25. Support is $14.5, a drop below signals a possible downward reversal.
UNI retains upward potential if buyers hold key support levels and breakout resistance.
The U.S. Securities and Exchange Commission has approved two cryptocurrency spot index ETFs.
On December 18, the SEC gave the green light to Franklin Templeton’s crypto index ETF proposal, allowing it to trade on the Cboe BZX exchange. The following day, the commission approved the Hashdex crypto index ETF, which will trade on the Nasdaq stock market.
Franklin Templeton’s proposal received “accelerated approval” after its updated application met the necessary requirements and was deemed “substantially similar” to previously approved Bitcoin and ETH spot ETFs.
The price of Solana has entered the technical bear market zone, as the cryptocurrency sell-off intensifies following the hawkish decision of the Federal Reserve.
Solana, the fifth largest cryptocurrency, has fallen to a psychologically important support level of $200.
Binance Futures updates leverage and margin levels for several USDⓈ-M perpetual contracts
The updated leverage and margin levels from Binance offer improved trading opportunities for certain trading pairs, which carries both potential benefits and risks for crypto traders.
Leverage and margin levels for USDⓈ-M perpetual contracts, including DAR, ME, CAKE, IOTA, LPT, ONE, and ZEN, will be updated by Binance Futures today and will take effect at 08:15 UTC on December 19, 2024.
🇺🇸 Trump stated that Elon Musk's Department of Government Efficiency (DOGE) will save the government $2 trillion.
⚡ Yesterday, Saylor reported that MicroStrategy bought another 15,350 BTC for ~$1.5 billion at ~$100,386 per coin, achieving a BTC yield of 46.4% QTD and 72.4% YTD.
❗ The bankrupt exchange Mt. Gox is transferring Bitcoin worth $172 million to new wallets as BTC approaches $107,000. There are no reasons for the transfer, as Mt. Gox plans to sell BTC only next year.