Uniswap Price Is Rising Towards $7.4 Zone

Buyers increase pressure on Uniswap market

 Uniswap Price Analysis – 27 March

If buying pressure increases around $6.8, it can break through the resistance level of $7.4 and reach the $8.2 to $8.8 levels. Sellers might attempt to reevaluate the $6.5 and $5.7 levels if they can break through the $6.8 support level.

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 Uniswap daily chart makes the bullish reversal indicator known as the “Double bottom” quite evident. On December 8, it was forecast that the currency would climb over 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 $6.5 in recent weeks. Following that, it began to rise and move closer to the resistance level of $7.4.

A good trend is indicated by Uniswap’s trading above the Hull Suite cryptocurrency signal indicator. If buying pressure increases around $6.8, it can break through the resistance level of $7.4 and reach the $8.2 to $8.8 levels. Sellers might attempt to reevaluate the $6.5 and $5.7 levels if they can break through the $6.8 support level.

UNI/USD Medium-term Trend: Bullish

Uniswap’s 4-hour chart indicates an increasing trend. As soon as the purchasers reached the $16.3 mark, price reductions started. A few days ago, the big makeover was finished, and prices fell to $6.8. When buyers increased the pressure on their market, this is what transpired. Prices rise to the predetermined level as buying becomes more apprehensive; the Uniswap followed the bulls’ lead and risen towards $7.4.

At the moment, the price is higher than the dynamic support level. At Uniswap, the market is up. A positive QQE MOD signal histogram indicates a buying position.

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