Biggest Movers: UNI Closes in on 5-Week High, While SOL Also Climbs

Uniswap moved closer to its highest point since late August on Thursday, as the token extended recent gains. Today's surge is the fourth consecutive day that prices have climbed, leading the token to break out of a key resistance level in the process.

Timeline of Solana, Uniswap

After experiencing another outage early this month, Solana's price is finally back on track battling key resistance levels. The post This Is the Reason Solana (SOL) Price Could Crash to $13 appeared first on BeInCrypto.

[PRESS RELEASE – Singapore, Singapore, 5th October 2022] NvirWorld, a blockchain company with platforms such as NFT marketplace Nvir Market and decentralized finance (DeFi) service N-Hub, announced the MOU with the Solana Foundation.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Solana approached its three-week resistance mark.

There has been some criticism about Solana since it was established in March of 2020. Through a thread he created, Cyber Capital founder Justin Bons exposed the network's recent “anomalies.

The Solana network (CRYPTO: SOL) stopped processing transactions and went offline on Friday due to a misconfigured node, marking the blockchain's fourth significant outage since January, when it had a succession of partial outages for most of that month. One year has passed since a roughly 18-hour outage in September of last year.

Following the June-July recovery, the Uniswap coin price showcased a steady correction over the past two months. However, this correction assisted buyers in forming a Cup and handle pattern.

Uniswap V3 posted a 25% decline in trading volume on a month-on-month basis. However, that didn't stop Uniswap from becoming the decentralized exchange (DEXes) with the most trading volume in the last 30 days.

The daily technical chart shows the Solana coin price is in a short-term range-bound rally. Furthermore, this sideways is restricted within the top resistance of $47.4 and bottom support of $26.

Cross-chain asset transfer platform Octus Bridge has added Solana to its growing list of supported networks. Powered by the Everscale network, Octus Bridge facilitates lightning-fast liquidity transfers at fractional costs, helping its popularity soar among Solana users.

Chainlink hit a six-week high during Tuesday's session, as the token rose for a sixth consecutive session. The move saw the token rally past a key resistance level in the process. Uniswap was also in the green, with prices climbing by as much as 16% earlier in the day.