Uniswap (UNIUSD) Priis kin brekke Up $ 6.2 Resistance Level

Azeez Mustapha

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It momentum fan keapers kin tanimme yn Uniswap-merk

Uniswap Priis Analysis - 13. april

In case there is enough buying pressure and the $6.2 resistance level is breached, the $6.6 and $7.2 levels may also be smashed. The $5.1 and $4.9 price levels will be tested if sellers are able to successfully breach the $5.7 support level.

UNI / USD Merke

Key Levels:

Fersetsnivo's: $ 6.2, $ 6.6, $ 7.2

Stypjenivo's: $ 5.7, $ 5.1, $ 4.9

UNI / USD Trend op lange termyn: Ranging

Uniswap is on the ranging movement in the daily outlook. The bullish momentum was unable to break over the $7.2 resistance level. The Uniswap market has been controlled by sellers for more than a month. On March 11, the price jumped up to retest the $6.6 resistance level after probing the $5.1 support level. The price was decreasing toward the $6.2 support level since there were more sellers. As the sellers increased their pressure on the price last two weeks, the $6.2 ceiling was breached and the price tested $5.7. Throughout last week till now, the price is fluctuating between $6.2 and $5.7 levels.

A modest bullish trend is clearly visible as the currency is fluctuating between the two dynamic resistance levels in the Uniswap market. In case there is enough buying pressure and the $6.2 resistance level is breached, the $6.6 and $7.2 levels may also be smashed. The $5.1 and $4.9 price levels will be tested if sellers are able to successfully breach the $5.7 support level. The Period 14 bending up at 52 levels of the Relative Strength Index suggests bullish momentum, which could be an upturn.

UNI / USD Trend op lange termyn: Bullish

Uniswap’s 4-hour chart indicates a bullish bias. A few weeks ago, as the cryptocurrency got close to $7.2, buyer excitement started to fade. The Cryptos backed off. As more suppliers entered the market, the price fell. Price breaks the $6.2 support level, falling much more to $5.7. Buyers and sellers are in antagonism at the aforementioned levels.

Buyers’ pressure is becoming strong and the price may eventually break up $6.2 level. Uniswap is also trading above the 9- and 21-period exponential moving averages. A buy is indicated by the 14-period relative strength index being at 61 levels bending up.

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Azeez Mustapha

Azeez Mustapha is in hannelsprofessor, faluta -analyst, sinjalenstrategist, en fûnsbehearder mei mear dan tsien jier ûnderfining op finansjeel mêd. As blogger en auteur foar finânsjes helpt hy ynvestearders komplekse finansjele konsepten te begripen, har ynvestearingsfeardigens te ferbetterjen en te learen hoe't se har jild kinne behearje.

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