Uniswap Price Bounces Up at $6.5 Point

Buyers are prevailing over sellers

Uniswap Price Analysis – 20 March

It can overcome resistance level of $7.4 and reach the $8.2 to $8.8 levels if buying pressure picks up again around $6.8. If sellers are able to break through the $6.8 support level, they may try to reassess the $6.5 and $5.7 levels.

UNI/USD Market

Key Levels:

Resistance levels: $7.4, $8.2, $8.8

Support levels: $6.8, $6.5, $5.7

UNI/USD Long-term Trend: Bullish

The “Double bottom” bullish 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 $8.2. The bears clung onto their market after the price fell below $7.4. In recent weeks, Uniswap’s pricing has dropped to about $6.5. After then, it started to rise and increase towards the $7.4 resistance level.

Uniswap’s trading above the Hull Suite cryptocurrency signal indication indicates a positive trend. It can overcome resistance level of $7.4 and reach the $8.2 to $8.8 levels if buying pressure picks up again around $6.8. If sellers are able to break through the $6.8 support level, they may try to reassess the $6.5 and $5.7 levels.https://learn2.trade/visit/eightcap

UNI/USD Medium-term Trend: Bearish

The 4-hour chart for Uniswap shows an upward trend. Price cuts began as soon as the buyers hit the $16.3 threshold. Prices dropped to $6.8 after the major remodeling was completed a few days ago. This is what happened when buyers put more pressure on their market. As buying grew increasingly nervous, prices rise to the predefined level; the Uniswap followed the bulls’ example and risel towards $7.4.

The price is currently above the dynamic support level. The market is up at Uniswap. A buying position is indicated by a positive QQE MOD signal histogram.

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