Biggest Movers: ETC, UNI Slip to 2-Month Lows on Monday

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Ethereum basic fell to a two-month low to begin the week, as prices within the cryptocurrency market proceed to decline. Uniswap additionally slipped to a multi-month low on Monday, because the token hit its weakest degree since July. As of writing, the worldwide crypto market cap is down 5.08%

Ethereum Classic (ETC)

Ethereum basic (ETC) was one of the notable movers on Monday, because the token fell by over 12% to begin the week.

Following a excessive of $33.41 throughout the weekend, ETC/USD slipped to an intraday low of $27.91 earlier right now.

The drop comes lower than per week after ethereum basic was buying and selling above $40.00, forward of final Wednesday’s Merge.

Monday’s drop sees ETC transfer to its lowest level since July 27, when the token was buying and selling close to $24.00.

As of writing, earlier value declines have eased, with ETC now again above the $30.00 mark.

After a quick breakout, the 14-day relative power index (RSI) can be monitoring marginally above a help of its personal at 40.95.

Uniswap (UNI)

Like ethereum basic, UNI was additionally within the pink to begin the week, because the token moved nearer to a multi-month low.

On Monday, UNI/USD discovered itself buying and selling under a help level of $5.50, with prices falling to as little as $5.42.

Similar to ETC, that is the bottom degree UNI has hit since July, nevertheless on this occasion the underside occurred on July 11.

Looking on the chart, the sell-off led to the RSI hitting a ground of 36.15, with bears utilizing this as a sign to safe earlier positive aspects.

Currently UNI is buying and selling larger, with prices shut to climbing above the aforementioned help level of $5.50.

Should this occur, bullish sentiment will seemingly start to return, with merchants seemingly wanting to push the token above $6.00.

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