Uniswap Price: Buyers Are Getting Ready to Take Over

Uniswap price may increase soon

Uniswap Price Analysis – 11 September

If buying pressure increases at $9.0, it can break through the $10.0 resistance level and reach the $11.0 to $12.0 potential. Merchandisers can attempt to reassess the $8.0 and $7.0 prospects if they can get beyond the $9.0 opposing viewpoint.

UNI/USD Market

Key Levels:

Resistance levels: $10.0, $11.0, $12.0

Support levels: $9.0, $8.0, $7.0

UNI/USD Long-term Trend: Bearish

The Uniswap daily chart shows a lot of bearish momentum in the $12.0 zone. On May 8, the cryptocurrency bottomed down very close to the $7.0 support level and established a double bottom chart pattern. This set off a bullish run that eventually hit the $11.0 barrier level. As the price increases once more, the bulls hold onto their gains. The price of Uniswap dropped to around $10.0 last week. After then, it kept falling until it hit $9.0.0. After engaging in fight with bears at the proper level, bulls fall. It is currently trying to bounce up at $9.0.

A bearish trend is shown by Uniswap’s trading below the Hull Suite cryptocurrency signal indicator. If buying pressure increases at $9.0, it can break through the $10.0 resistance level and reach the $11.0 to $12.0 potential. Merchandisers can attempt to reassess the $8.0 and $7.0 prospects if they can get beyond the $9.0 opposing viewpoint.

UNI/USD Medium-term Trend: Bullish

Uniswap’s 4-hour chart displayed a bullish reversal trend. When the companies reached the $9.5 threshold, the price increase started. Charges increased to $10.5 a few days after the price increase 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 touched $10.5 before testing $12.0. The coin starts a upward trend after recovering from the previous low..

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