Buyers’ momentum is increasing
Uniswap Price Analysis – 14 September
The $4.7 and $4.9 resistance levels may be broken if there is enough buying pressure to surpass the $4.5 resistance level. Uniswap levels of $3.5 and $3.1 will be put to the test if sellers can push the price below the $3.9 support level
UNI/USD Market
Key Levels:
Resistance levels: $4.5, $4.7, $4.9
Support levels: $3.9, $3.5, $3.1
UNI/USD Long-term Trend: Bearish
On the daily Chart, Uniswap has a bearish bias. Buyers are currently attempting to stop additional decline near the $3.9 level. The cryptocurrency saw positive pressure in the previous month. To overcome the $6.4 resistance level, the price had to rise. The bullish impetus waned when the $6.6 high was challenged. On August 2, a strong bearish daily candle emerged, and the price began to decline. The fall broke through the prior support levels of $4.9, $4.7, and $4.5. The $4.5 support level is already breached and currently facing $3.9.
On Uniswap, trading below the two EMAs denotes a bearish trend. The $4.7 and $4.9 resistance levels may be broken if there is enough buying pressure to surpass the $4.5 resistance level. The price levels of $3.5 and $3.1 will be put to the test if sellers can push the price below the $3.9 support level. At level 36, the period 14 relative strength indicator curves upward, signaling a buy.
UNI/USD Medium-term Trend: Bearish
The 4-hour Uniswap chart shows a bearish tendency. Before hitting resistance for $6.6, the cryptocurrency overcame numerous obstacles, including those at $6.1 and $6.4. The price began to fall when the sellers held the $6.6 barrier level. The cost has dropped to $4.5 as a result of increased vendor pressure. Bulls and bears are engaged in conflict, which led to range movement.
Buyers are currently exerting price pressure. The Uniswap price exponential 9- and 21-period moving averages are now above them, indicating a buy.
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