Uniswap Price Is Trying to Break Down $7.0 Line

Uniswap price may decrease further

Uniswap Price Analysis – 25 September

If buying pressure increases at $7.0, it can break through the $8.0 resistance level and reach the $9.0 to $10.0 potential. Merchandisers can attempt to reassess the $6.0 and $5.0 prospects if they are able to defeat the $7.0 counterargument.

UNI/USD Market

Key Levels:

Resistance levels: $8.0, $91.0, $10.0

Support levels: $7.0, $6.0, $5.0

UNI/USD Long-term Trend: Bearish

The Uniswap daily chart shows significant negative momentum in the $12.0 level. On August13, the cryptocurrency topped very close to the $10.0 resistance level, forming “Head and Shoulder” chart pattern. This set off a bearish run that eventually hit the $9.0 barrier level. As the price decreases once more, the bears hang onto their gains. The price of Uniswap dropped to around $7.0 yesterday. After that, it kept dropping till it hit $7.0. When bears battle bulls at the right level, they may tumble. It is currently trying to penetrate $7.0.line.

Unfavorable trend is shown by Uniswap’s trading, which is marginally below the Hull Suite cryptocurrency signal indicator. If buying pressure increases at $7.0, it can break through the $8.0 resistance level and reach the $9.0 to $10.0 potential. Merchandisers can attempt to reassess the $6.0 and $5.0 prospects if they are able to defeat the $7.0 counterargument.

UNI/USD Medium-term Trend: Bearish

Uniswap’s 4-hour chart displayed unfavorable reversal trend. When the companies reached the $9.5 mark, the price decrease started. Charges decreased to $9.0 a few days after the price decrease was confirmed. As merchants put more pressure on their demands, this happened. Prices fell to the predetermined level as trade became more cautious; the Uniswap touched $8.0 before testing $7.0. The coin starts to decrease after falling from its previous high.

At the moment, the price is below the dynamic support level. At Uniswap, the request is getting closer. A negative QQE MOD signal histogram indicates a selling position.

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