Apecoin hit its highest point in over two months, Uniswap was another big winner on Wednesday as the token climbed 14%. Overall, the global crypto market cap is up 2.79% at the time of writing.
Apecoin is one of the fastest rising tokens today as the global crypto markets have returned to the green.
APE ended a two-day losing streak, with the crypto-currency hitting an intraday high of $7.41.
The move allows APE to once again break through its long-term resistance level of $7.10, which has held since May 25.
Wednesday’s rise sees the token recapture these highs, with bulls now hoping for this level, unlike last weekend’s moves.
The Relative Strength Index (RSI) is now trading at 67.44, which is slightly below a resistance point of 68.
For the bullish momentum to continue for the rest of the week, the EPA will need to break through this ceiling.
Like the EPA, uniswap is up today, with prices approaching their highest level in more than two months, following an earlier price increase.
The token gained nearly 14% during the day’s session, with prices peaking at $9.33 in the process.
The rally helped UNI close in on last Thursday’s high of $9.85, which is the highest point at which the token has traded since April 15.
However, in order to regain this high, UNI must break through an intermediate resistance level of $9.40, which it failed to do today.
After previous highs, UNI is now trading at $9.08, as traders likely liquidated their positions to secure their gains.
This comes as the 14-day RSI hit a ceiling at the 66 level, which likely triggered fear among previous bulls.