Dogecoin, Uniswap & Coinbase — Asian Wrap 05 January

Dogecoin price has broken out above a descending trend channel that acted as resistance throughout December. DOGE has the potential to rally to the midway point of the recent downtrend. Invalidation of the bullish thesis is a breach below $0.065.

Uniswap price has rallied by 8% since the start of the new year. UNI partners with Moonpay, successfully launching Uniswap’s first Fiat-to-Crypto onboarding system. The bulls have crossed over two key moving averages, citing the potential for a challenge of December’s swing high.

Coinbase had a run-in with the regulators back in 2021 following reports of unidentified customers and failure to monitor their activity. Finally coming to an end, the case reached a settlement with Coinbase also committing to improving its compliance strategies.