Uniswap Price: Bears’ Momentum Is Getting Weak

Bulls are gathering momentum

Uniswap Price Analysis – 13 February

It may overcome resistance levels and reach the $10.2 to $12.0 levels if buying pressure picks up around $9.5 once more. If sellers are able to break through the $8.8 support level, they may try to reassess the $7.8 and $6.8 levels in Uniswap market.

UNI/USD Market

Key Levels:

Resistance levels: $9.5, $10.2, $12.0

Support levels: $8.8, $7.8, $6.8

UNI/USD Long-term Trend: Bearish

The “Double Top” bearish reversal indicator is clearly visible on the Uniswap daily chart. It was predicted on December 8 that the currency will rise above the resistance level of $18.0 and fall to the support level of $13.8. The bears clung onto their market after the price fell below $12.0. In recent weeks, Uniswap’s pricing has dropped to about $9.5. It then started to fall and tested the $8.8 support level. It was taken out and reexamined in the $12.0 range on December 9. Customers have been following the previous recommendations for the last two weeks, and the price has dropped to about $8.8.

Uniswap’s trading below the Hull Suite cryptocurrency signal indication indicates a negative trend. It may overcome resistance levels and reach the $10.2 to $12.0 levels if buying pressure picks up around $9.5 once more. If sellers are able to break through the $8.8 support level, they may try to reassess the $7.8 and $6.8 levels.

UNI/USD Medium-term Trend: Bearish

The 4-hour chart for Uniswap shows a downward trend. Price cuts began as soon as the buyers hit the $16.3 threshold. Prices dropped to $10.2 after the major project was completed a few days ago. This is what happened when sellers put more pressure on their market. As selling grew increasingly nervous, prices fell to the predefined level; the Uniswap followed the bears’ lead and fell to $8.8.

The price is currently below the dynamic support level. The market at Uniswap is erratic. A selling position is indicated by a negative QQE MOD signal histogram.

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