June 11 Asian Wrap: Bitcoin, Ethereum & Uniswap Price Trends and Predictions
Top Crypto Gainers: UNI, XDC, JTO – DeFi tokens soar following Paul Atkins’ endorsement of self-custody Following Paul Atkins’ speech, Decentralized Finance (DeFi) tokens have surged, with Uniswap (UNI), XDC Network (XDC), and Jito (JTO) achieving double-digit gains as the top performers in the past 24 hours. On Wednesday, Uniswap declined by more than 4% at press time, following a remarkable performance the previous day that included a 26% increase, which closed a bullish engulfing candle. UNI has reversed from the $8.70 supply ceiling and taken a breather after a brief pause at $8.67, which is a three-month high.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple
As BTC approaches its all-time highs, ETH breaks through its consolidation phase, and XRP discovers support at its critical level, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are exhibiting initial signs of strength. On Friday, the price of Bitcoin retested its 50-day Exponential Moving Average (EMA) at $101,000 and found support there. Subsequently, it experienced a sharp recovery over the following three days. On Monday, BTC closed above its crucial resistance level of $106,406 and the following day it remained around $110,000.
Ethereum Price Forecast:
Ethereum (ETH) is up 3% in the early Asian session on Wednesday, as bullish sentiments from Securities and Exchange Commission (SEC) Chair Paul Atkins’ statement on decentralized finance (DeFi) regulation continue to push the top altcoin’s price higher.
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