Uniswap (UNIUSD) Price; Resistance Level of $43 Holds, Price May Fall
Login

Uniswap (UNIUSD) Price; Resistance Level of $43 Holds, Price May Fall

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:


Uniswap Price Analysis – May 06

When the bulls gain more pressure to break up the resistance level of $43, the price will increase to the resistance level at $50 which may extend to $63 level. In case the bears increase pressure to break down the support level of $37, Uniswap price may decrease to $30 and $26 price level.

UNI/USD Market

Key Levels:

Resistance levels: $43, $50, $63

Support levels: $37, $30, $26, $21

UNI/USD Long-term Trend: Ranging

Uniswap is on the ranging mode on the long-term outlook. Buyers push up the Uniswap to test the resistance level of $43 at first on April 28. The resistance level of $43 holds the price. Since then, buyers’ pressure is weak and could not break up $43 price level. The bears’ momentum seems low and could not break down the support level of $37. The price is ranging within $43 and $37 price levels.

UNIUSD Daily chart, May 06

Uniswap is trading above the two EMAs at close range which indicates a decrease in the bulls’ momentum, also the fast moving average (9 periods EMA) remains above the slow moving average (21 periods EMA). When the bulls gain more pressure to break up the resistance level of $43, the price will increase to the resistance level at $50 which may extend to $63 level. In case the bears increase pressure to break down the support level of $37, Uniswap price may decrease to $30 and $26 price level. The Relative Strength Index is bending down at 60 levels which indicate a sell signal.

UNI/USD Medium-term Trend: Ranging

On the 4-hour chart, Uniswap is ranging. There is low volatility in the Uniswap market due to low bulls’ momentum and low bears’ pressure. The resistance level of $43 holds the price, also, the support level of $37 prevents further price decrease. The ranging movement may continue as long as the mentioned levels hold.

UNIUSD 4-hour chart, May 06

Uniswap is hovering over the 9 periods EMA and 21 periods EMA and the two EMAs are interlocked as an indication that ranging movement is ongoing.

You can purchase crypto coins here: Buy coins

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News