Uniswap Price May Be Rejected at $6.0

Selling pressure is gradually decreasing

Uniswap Price Analysis – 27 November

Retailers can try to research the $5.4 and $4.7 prospects if they can get below the $6.0 counterargument. If buying pressure increases at $6.0, it can break over the $6.4 resistance level and reach the $6.7 to $7.4 potential.

UNI/USD Market

Key Levels:

Resistance levels: $6.4, $6.7, $7.4

Support levels: $6.0, $5.4, $4.7

UNI/USD Long-term Trend: Bearish

Uniswap’s price dropped to about $6.0 last week, and it continued to drop until it hit $5.4. When bulls and bears engage in suitable battle, bears may decline. On the Uniswap daily chart, the $7.4 mark indicates significant bullish momentum. On October 13, the cryptocurrency crested very close to the $7.4 resistance level, creating a strong bullish chart pattern. This allowed for a price hike, which eventually reached $10.2. Bearish engulfing candle emerged and price falls, continuously declining till moment.

Retailers can try to research the $5.4 and $4.7 prospects if they can get below the $6.0 counterargument. Uniswap is showing a generally negative trend as it is trading below the Hull Suite cryptocurrency signal indicator. If buying pressure increases at $6.0, it can break over the $6.4 resistance level and reach the $6.7 to $7.4 potential.

UNI/USD Medium-term Trend: Bearish

The 4-hour chart for Uniswap showed a negative reversal trend. When the businesses hit the $10.2 mark, the price decrease began. A few days after the price hike was confirmed, charges went down to $7.4. This occurred as merchants increased the pressure on their demands. As traders became increasingly cautious, prices surpassed the set level; the Uniswap nearly hit $6.0 before dropping to $6.4. Right now, bears are in charge of the market.
Right now, the price is below the dynamic support level. The request is nearly complete at Uniswap. A selling position is indicated by a negative QQE MOD signal histogram.

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