{"id":1281254,"date":"2026-07-14T11:33:19","date_gmt":"2026-07-14T08:33:19","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1281254"},"modified":"2026-07-27T20:37:35","modified_gmt":"2026-07-27T17:37:35","slug":"crypto-corner-uniswap-looks-for-potential-breakout","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/crypto-corner-uniswap-looks-for-potential-breakout\/","title":{"rendered":"Crypto Corner: Uniswap Looks for Potential Breakout"},"content":{"rendered":"

The Daily Breakdown dives into Ankr and UMA, before diving into the charts of Uniswap. Let’s dig into etoro’s Crypto Corner.<\/p>\n

Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. <\/span><\/i>To keep getting our daily insights<\/i><\/b>, all you need to do is <\/span><\/i>log in<\/span><\/i><\/a> to your eToro account.<\/span><\/i><\/p>\n

Crypto Corner<\/b><\/h2>\n

We\u2019re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the <\/span>110+ cryptoassets offered by eToro<\/span><\/a>. Today we\u2019ll discuss Ankr and UMA.<\/span><\/p>\n

Ankr (ANKR): Trading near $0.003 with a market cap of roughly $35 million<\/b><\/h4>\n

Ankr<\/a> is part of Web3\u2019s behind-the-scenes plumbing, helping apps, wallets, and exchanges connect to blockchains without running costly nodes themselves. Its global DePIN routes billions of daily RPC requests across distributed infrastructure for faster, more reliable access. ANKR is used to pay for services, stake, and govern the network.<\/span><\/p>\n

UMA (UMA): Trading near $0.36 with a market cap of roughly $33 million<\/b><\/h4>\n

UMA<\/a> is a decentralized \u201ctruth machine\u201d for Web3, helping smart contracts verify real-world outcomes without relying on a single data provider. Its Optimistic Oracle accepts answers unless challenged, then escalates disputes to UMA tokenholders for a vote. This makes it useful for prediction markets, insurance, cross-chain systems, and other data-driven apps. UMA secures voting and governance \u2014 not equity, dividends, or shared profits.<\/span><\/p>\n

Check out these crypto offerings \u2014 and many more \u2014 on <\/b>eToro\u2019s Discover page<\/b><\/a> and consider adding them to your watchlist. <\/b>\u00a0ANKR and UMA are not currently available for NY users. <\/span>Learn more<\/span><\/a>. <\/span><\/p>\n

Want to receive these insights straight to your inbox?<\/strong><\/p>\n

Sign up here<\/a><\/p>\n

The Setup \u2014 Uniswap<\/b><\/h2>\n
\"Daily
Chart as of 8:00 a.m. ET on 7\/14\/2026. Source: eToro ProCharts, courtesy of TradingView.<\/em><\/figcaption><\/figure>\n

Uniswap<\/a> has quietly rallied in four of the past five weeks, gaining nearly 40% over that span. However, it’s now testing a key area on the chart as it approaches its 200-day moving average and the $4 level, the latter of which has served as both support and resistance over the past year.<\/span><\/p>\n

If that zone once again acts as resistance, UNI’s recent momentum could fade. However, a breakout above both could pave the way for further upside.<\/span><\/p>\n

What Wall Street’s Watching<\/h2>\n

USO<\/b><\/a><\/p>\n

Oil prices surged on Monday, with the <\/span>USO<\/span><\/a> ETF climbing more than 8% for its best one-day performance since April 2. Shares are higher again in premarket trading, leaving investors to wonder whether this is simply a headline-driven rebound or the start of a more sustained move higher in oil prices. <\/span>Check out the charts for USO<\/span><\/a>.<\/span><\/p>\n

IBM<\/b><\/p>\n

IBM<\/a> shares are tumbling this morning, down more than 20% after the company warned that its Q2 earnings and revenue are expected to come in below consensus estimates. CEO Arvind Krishna said, “We saw clients shift their quarterly capex spend toward servers, storage, and memory purchases to secure supply-constrained infrastructure ahead of expected price increases.” Semiconductor ETFs like <\/span>SMH<\/span><\/a> and <\/span>SOXX<\/span><\/a> are higher this morning, while software ETFs such as <\/span>IGV<\/span><\/a> are lower as Microsoft, ServiceNow, Salesforce, and other software names come under pressure.<\/span><\/p>\n

JPM<\/b><\/p>\n

JPMorgan<\/a> shares are modestly lower this morning despite the firm reporting strong second-quarter results and its highest quarterly profit ever. While several other major banks also posted solid earnings, the group is under pressure in premarket trading, with the <\/span>XLF<\/span><\/a> ETF down about 0.6%. <\/span>Dig into the fundamentals for JPM<\/span><\/a>. <\/span><\/p>\n

Disclaimer:<\/i><\/b><\/p>\n

Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

The Daily Breakdown dives into Ankr and UMA, before diving into the charts of Uniswap. Let’s dig into etoro’s Crypto Corner. Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to your eToro account.…<\/p>\n","protected":false},"author":130,"featured_media":819735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6894],"tags":[],"asset_type":[],"class_list":["post-1281254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-breakdown"],"acf":[],"yoast_head":"The Daily Breakdown's Crypto Corner: Uniswap Looks for Potential Breakout<\/title>\n<meta name=\"description\" content=\"The Daily Breakdown dives into Ankr and UMA, before diving into the charts of Uniswap. 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