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Uniswap (UNIUSD) Price Breaks Up $7.9 Level Targeting $9.7

Azeez Mustapha
Updated 1 min read
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Uniswap Price Analysis – July 28

In case the bulls’ momentum increase, price may reach the resistance level of $9.7 and it will increase it to $12.4 and $15.2 resistance levels. Should the bears defend the resistance level of $9.7, Uniswap price may decline to $7.9, $6.0 and $4.5 price levels.

UNI/USD Market

Key Levels:

Resistance levels: $9.7, $12.4, $15.2

Support levels: $7.9, $6.0, $4.5

UNI/USD Long-term Trend: Bullish

Uniswap is bullish on the long-term outlook. The Crypto played as it was predicted last week. The coin found support at $3.4 level on 15 June. The price action formed a chart pattern called inverted head and shoulder. It is a bullish chart pattern. The price increases and tested the resistance level of $7.9. It pulled back to test the broken level of $6.0. The bulls pushed the price to break up $7.9 level, the price is targeting the resistance level of $9.7.

The fast moving average (9 periods EMA) is above the slow moving average (21 periods EMA) upside. Uniswap is trading above the two EMAs after penetrated the two dynamic resistance level, which is an indication of bullish momentum. In case the bulls’ momentum increase, price may reach the resistance level of $9.7 and it will increase it to $12.4 and $15.2 resistance levels. Should the bears defend the resistance level of $9.7, Uniswap price may decline to $7.9, $6.0 and $4.5 price levels. The Relative Strength Index is bending up at 67 levels indicating buy.

UNI/USD Medium-term Trend: Bullish

On the 4-hour chart, Uniswap is bullish. An inverted head and shoulder chart pattern formed on 4- hour last two weeks has triggered a bullish trend. The price increases and the former resistance level of $6.0 and $7.9 has turned to support levels.  At the moment, it is exposes to resistance level of $9.7 level.

Uniswap is trading above the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is at 72 levels bending up to indicate buy signal.

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