Uniswap Price: Seller Are Exerting More Pressure

Uniswap market may decrease further

Uniswap Price Analysis – 05 September

It can overcome the $10.0 resistance level and hit the $11.0 to $12.0 potential if buying pressure picks up at $9.0. If merchandisers can overcome the $9.0 opposing perspective, they can try to reevaluate the $8.0 and $7.0 prospects.

UNI/USD Market

Key Levels:

Resistance levels: $10.0, $11.0, $12.0

Support levels: $9.0, $8.0, $7.0

UNI/USD Long-term Trend: Bearish

There is a lot of bearish momentum in the $12.0 zone of the Uniswap daily chart. The cryptocurrency formed a double bottom chart pattern on May 8 after bottoming out very near the $5.4 support level. A bullish run that ultimately reached the $11.0 barrier level was triggered by this. The bulls hold onto their profits as the price rises again. Last week, Uniswap’s price fell to about $10.0. It subsequently continued to drop until it reached $9.0.0. Bulls fall after they have engaged in appropriate level combat with bears. At the moment, it is attempting to drop below $9.0.

Uniswap’s trading below the Hull Suite cryptocurrency signal indicator suggests a bearish trend. It can overcome the $10.0 resistance level and hit the $11.0 to $12.0 potential if buying pressure picks up at $9.0. If merchandisers can overcome the $9.0 opposing perspective, they can try to reevaluate the $8.0 and $7.0 prospects.

UNI/USD Medium-term Trend: Bearish

The 4-hour chart for Uniswap showed a negative reversal trend. The price hike began when the corporations hit the $9.5 barrier. A few days after the price rise was confirmed, charges went up to $10.5. This occurred as merchants increased the pressure on their demands. As trade grew more cautious, prices increased to the predefined level; the Uniswap touched $10.5 before testing $12.0. The coin bounces off the previously recorded high and begins a downward trend.

The dynamic support level is currently below the price. The request is drawing nearer at Uniswap. A selling position is indicated by a negative QQE MOD signal histogram.

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