Uniswap Price Is Rising Towards $5.8 Arena

Buyers pressure may incraese on Uniswap market

Uniswap Price Analysis – 10 April

If buying pressure increases around $5.1,Uniswap can break over the $5.4 resistance level and move up to the $5.8 to $6.5 levels. Sellers might attempt to reevaluate the $4.8 and $4.6 levels if they can break through the $5.1 support level.

UNI/USD Market

Key Levels:

Resistance levels: $5.4, $5.8, $6.5

Support levels: $5.1, $4.8, $4.6

UNI/USD Long-term Trend: Bearish

On the Uniswap daily chart, the bearish reversal indicator known as the “Double top” is easily discernible. On December 8, it was forecast that the currency would climb above the $18.0 resistance level and drop to the $8.2 support level. When the price dropped below $7.4, the bears held onto their market. The price of Uniswap has decreased to roughly $5.1 in recent weeks. It then began to pull back and get closer to the $5.4 point.

A downward trend is shown by Uniswap’s trading below the Hull Suite cryptocurrency signal indication. If buying pressure increases around $5.1, it can break over the $5.4 resistance level and move up to the $5.8 to $6.5 levels. Sellers might attempt to reevaluate the $4.8 and $4.6 levels if they can break through the $5.1 support level.

.UNI/USD Medium-term Trend: Bullish

Uniswap’s 4-hour chart indicates a bullish reversal trend. As soon as the purchasers reached the $16.3 mark, price reductions started. After the extensive renovation was finished a few days ago, prices fell to $5.4. When sellers increased the pressure on their market, this is what transpired. Prices fall to the predetermined level as selling becomes more cautious; the Uniswap followed the bears’ lead and fell to $4.8.

Right now, the price is above the dynamic support level. At Uniswap, the market is is coming up. A positive QQE MOD signal histogram indicates a buying position.

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