Uniswap (UNIUSD) Price Embraces Bullish Pressure

Bullish trend commences in Uniswap market

Uniswap Price Analysis – 15 August

Buying pressure may breach both the $6.8 and $7.2 resistance levels if it breaks up $6.5. Sellers may seek to reevaluate the $5.4 and $5.0 levels if they are able to break down the $5.8 support level.

UNI/USD Market

Key Levels:

Resistance levels: $6.5, $6.8, $7.2

Support levels: $5.8, $5.4, $5.0

UNI/USD Long-term Trend: Bullish

The daily chart of Uniswap clearly shows a reversal sign. The test of resistance level at $11.9 on June 17 was intended to take the coin to the support level at $5.4. When bears held this level, the price dropped to $5.0. Over the last two weeks, the price of cryptocurrencies has decreased, hitting $5.0. Following that, it began to incline and test the $6.5 resistance level. The suppliers followed the earlier directive. The market continues to test the the mentioned level. Currently, it is rising struggling to break up the $6.5 level.

An upward trend is shown by Uniswap’s trading above the Hull Suite indicator for cryptocurrency signals. Buying pressure may breach both the $6.8 and $7.2 resistance levels if it breaks up $6.5. Sellers may seek to reevaluate the $5.4 and $5.0 levels if they are able to break down the $5.8 support level.

UNI/USD Medium-term Trend: Bullish

Uniswap’s 4-hour chart indicates an increasing trend. As soon as the sellers kept the $12.0 barrier level, price reductions started. Significant work was finished a few days ago, and pricing values were as low as $5.4. When retailers increased the pressure on their customers, this is what transpired. Prices dropped as buyers grew agitated close to the previously specified level while bears held onto the previously recommended level. As the bulls gained speed, the Uniswap started to slope, but it has since recovered and is currently rising, indicating a good trend.

Right now, the price is rising over the dynamic support level by a considerable amount. In Uniswap, there is market volatility. The positive QQE MOD crypto signal histogram suggests a purchasing position.

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