Uniswap Price: Bullish Restoration Is Ongoing Towards $6.5

Bullish trend continues after retracement

Uniswap Price Analysis – 22 May

Uniswap can overcome the $6.5 resistance level and rise to the $7.4 to $8.2 possibilities if buying pressure picks up around $5.8. If merchandisers can break the $5.8 support mindset, they can try to reevaluate the $5.4 and $4.8 possibilities.

UNI/USD Market

Key Levels:

Resistance levels: $6.5. $7.4, $8.2

Support levels: $5.8, $5.4, $5.1

UNI/USD Long-term Trend: Bullish

The “double bottom” of the Uniswap daily chart is a bullish reversal index that is evident in the $5.4 region. In April, it was predicted that the cryptocurrency would fall below the $5.4 support level and reach the $5.1 support level. When the price recovers, the bulls hold onto their desires. On May 10, the price of Uniswap rose to about $7.4 and then started to decline before rising once more. It is currently approaching the $6.5 mark.

Uniswap’s trading above the Hull Suite cryptocurrency signal recommendation indicates a positive trend. It can overcome the $6.5 resistance level and rise to the $7.4 to $8.2 possibilities if buying pressure picks up around $5.8. If merchandisers can break the $5.8 support mindset, they can try to reevaluate the $5.4 and $4.8 possibilities.

UNI/USD Medium-term Trend: Bullish

The 4-hour map from Uniswap shows a favorable reversal trend. The price hike began as soon as the sellers hit the $5.1 threshold. Prices rose to $5.4 a few days after the big renovation was completed. This occurred as consumers increased the pressure on their desire. As trading grew more cautious, prices increased to the predefined point; the Uniswap plummeted past $7.4 and retraced toward $5.8. Restoration is ongoing towards $6.5 point.

The price is currently above the dynamic support position. The request is drawing nearer at Uniswap. A buying position is indicated by a positive QQE MOD signal histogram.

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