Uniswap Price May Bounce Up at $7.0 Line

Bulls are gathering momentum

Uniswap Price Analysis – 02 October

Uniswap is displaying a fair favorable trend. It can overcome the $8.0 resistance level and hit the $9.0 to $10.0 potential if buying pressure picks up at $7.0. If they can overcome the $7.0 counterargument, merchandisers can try to reevaluate the $6.0 and $5.0 prospects.

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 $12.0 mark on the Uniswap daily chart indicates strong bearish momentum. The cryptocurrency formed a “Head and Shoulder” chart pattern on August 13 after peaking extremely near the $10.0 resistance level. A negative run that ultimately reached the $9.0 barrier level was triggered by this. The bears hold onto their gains as the stock drops again. Yesterday, Uniswap’s pricing fell to about $7.0. It then continued to decline until it reached $7.0. Bears may fall if they fight bulls at the proper level. Right now, it’s attempting to bounce up at $7.0.line.

With its trading slightly below the Hull Suite cryptocurrency signal indicator, Uniswap is displaying a fair favorable trend. It can overcome the $8.0 resistance level and hit the $9.0 to $10.0 potential if buying pressure picks up at $7.0. If they can overcome the $7.0 counterargument, merchandisers can try to reevaluate the $6.0 and $5.0 prospects.

UNI/USD Medium-term Trend: Bullish

The 4-hour chart for Uniswap showed a bullish reversal trend. The price reduction began when the companies hit the $9.5 level. A few days after the price reduction was verified, charges dropped to $9.0. This occurred as merchants increased the pressure on their demands. As trade grew increasingly cautious, prices dropped to the predefined threshold; the Uniswap touched $8.0 before testing $7.0. After dropping from its peak, the currency begins to decline. At the moment, it seems bulls are ready to dominate market.

The price is now trading above the dynamic support level. The request is drawing nearer at Uniswap. A buying position is indicated by a negative QQE MOD signal histogram.

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