Uniswap (UNIUSD) Market Experiences a Low Volatility
Login

Uniswap (UNIUSD) Market Experiences a Low Volatility

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Ranging movement in Uniswap market

Uniswap Price Analysis – 07 December

If the buying pressure is strong enough to break through the $6.5 resistance level, the resistance levels at $6.8 and $7.2 might be completely obliterated. If sellers are successful in driving the price below the $5.8 support level, the price levels of $5.4 and $5.1 will be put to the test.

UNI/USD Market

Key Levels:

Resistance levels: $6.5, $6.8, $7.2

Support levels: $5.8, $5.4, $5.1

UNI/USD Long-term Trend: Ranging

Uniswap’s daily chart unmistakably displays a ranging trend. The market was pushed southward by customers. The last support level of $6.5 was fully demolished before last week’s drop. Bearish pressure was applied to the cryptocurrency last two weeks. At $6.8, the price encountered resistance. When the $6.8 high was questioned, the gloomy excitement subsided. A large bearish daily candle developed on November 24, and the price started to decline and tested $5.8. The bears’ momentum dawned and it commenced a ranging movement within $6.5 and $5.8 levels.

Uniswap (UNIUSD) Market Experiences a Low Volatility

Uniswap is trading around the two EMAs, which suggests a ranging trend. If the buying pressure is strong enough to break through the $6.5 resistance level, the resistance levels at $6.8 and $7.2 might be completely obliterated. If sellers are successful in driving the price below the $5.8 support level, the price levels of $5.4 and $5.1 will be put to the test. The period 14 relative strength indicator forms a downward arch at level 58, indicating a sell.

UNI/USD Medium-term Trend: Ranging

The 4-hour chart of Uniswap shows a ranging trend. As soon as the providers maintained the $6.8 barrier level, the price started to decline. On November 29, after several projects, some with price values of $6.1, were completed, the low of $6.1 was broken downward. This was the outcome of greater pressure from sellers. The level that was previously set is broken as momentum picks up, exposing Uniswap to the $5.8 level. Uniswap market is currently experiencing a ranging movement within $6.5 and $5.8 levels.

Uniswap (UNIUSD) Market Experiences a Low Volatility

At the moment, sellers and buyers momentum at equilibrium. A sell signal is shown by the relative strength index period 14 negative trend at level 50.

You can purchase Lucky Block here Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News