Crypto Rally Continues: UNI and PEPE Soar as Market Capitalization Hits $2.93 Trillion
The crypto market has been on a roll, with Bitcoin price rising above $86,000 and the market capitalization of all cryptocurrencies increasing by 1.57% in the last 24 hours to over $2.93 trillion.
Among the top coins, Uniswap (UNI) has been making waves, jumping from a low of $2.31 in June to a high of $10.90 last month. This rebound coincided with the ongoing crypto market rally, which has pushed Bitcoin and other altcoins to the highest level in months.
UNI token has formed a cup-and-handle pattern, a common continuation sign in technical analysis, and has also formed a golden cross pattern. This indicates a bullish path for the token, with the next key target to watch being at $15.
Pepe Coin (PEPE) has also done well, jumping from a low of $0.0000022 on July 1 to the current $0.000004575. The coin has formed a golden cross pattern, and if it clears resistance, the next key target to watch will be at $0.0000060.