Uniswap Price: Bullish Trend May Reverseat $12.0

Bulls hold unto Uniswap market

Uniswap Price Analysis – 14 August

If buying pressure increases at $11.5, it can break through the $12.0 resistance level and reach the $13.0 to $14.0 potential. Merchandisers can attempt to reassess the $10.5 and $9.5 prospects if they can overcome the $11.5 oppositional viewpoint.

UNI/USD Market

Key Levels:

Resistance levels: $12.0, $13.0, $14.0

Support levels: $11.5, $10.5, $9.5

UNI/USD Long-term Trend: Bullish

The Uniswap daily chart’s $12.0 zone shows a strong bullish momentum. On May 8, the cryptocurrency bottomed out close to the $5.4 support level, forming a double bottom chart pattern. This set off a bullish trend that eventually hit the $11.5 barrier level. As the price increases once more, the bulls hang onto their gains. The price of Uniswap increased to roughly $12.0 yesterday. After then, it kept going up before getting higher once more and hitting $12.0. Bears fight bulls at the designated level and drop. It is currently trying to break through the $12.0 barrier.

A positive trend is shown by Uniswap’s trading above the Hull Suite cryptocurrency signal indication. If buying pressure increases at $11.5, it can break through the $12.0 resistance level and reach the $13.0 to $14.0 potential. Merchandisers can attempt to reassess the $10.5 and $9.5 prospects if they can overcome the $11.5 oppositional viewpoint.

UNI/USD Medium-term Trend: Bullish

Uniswap’s 4-hour chart displayed a bullish reversal trend. After the stores reached the $9.5 barrier, the price increase started. Charges increased to $10.5 a few days after the price hike was confirmed. As merchants put more pressure on their demands, this happened. Prices rose to the predetermined level as trade became more cautious; the Uniswap tested $10.5 before testing $12.0. With a target of $13.0 points, the inclination continues.

The dynamic support level is currently below the price. At Uniswap, the request is getting closer. A positive QQE MOD signal histogram indicates a buying position.

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