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Uniswap price is increasing
Uniswap Price Analysis – 15 February
Should the purchasing pressure persist over $7.4, the resistance levels at $7.9 and $8.2 might potentially be destroyed. If sellers can drive the price below the $7.1 support level, the price levels of $6.4 and $5.6 will be tested
UNI/USD Market
Key Levels:
Resistance levels: $7.4, $7.9, $8.2
Support levels: $7.1, $6.4, $5.6
UNI/USD Long-term Trend: Bullish
Uniswap’s daily chart unmistakably displays bullish movement. The price of cryptocurrencies has been declining over the last four weeks. The market was driven northward by customers. The prior resistance level of $6.4 was destroyed before to the rally last month. The price encountered the $7.1 resistance level after $6.4 level. When the $5.6 low was questioned, the depressing excitement subsided. A large bullish daily candle appeared on January 26, and Uniswap rose again. It is testing $7.4 level at the moment.
A favorable trend is indicated by the way Uniswap trades regarding the Hull Suite. Should the purchasing pressure persist over $7.4, the resistance levels at $7.9 and $8.2 might potentially be destroyed. If sellers can drive the price below the $7.1 support level, the price levels of $6.4 and $5.6 will be tested. A buy crypto signal is indicated when the QQE MOD indicator is green and above the zero level.
UNI/USD Medium-term Trend: Bullish
The 4-hour chart of Uniswap shows positive movement. As soon as the suppliers kept the $8.2 barrier level in place, the price started to decrease. On December 28, after several projects, some with price values of $7.1, were completed, the low of $7.1 was broken lower. This resulted from increased pressure from sellers. Tests are carried out at the $5.7 support level as momentum builds. The price is rising as bulls hold on to the previously indicated level.
Uniswap market is currently not very volatile. The positive QQE MOD indicator histogram indicates a buy position.
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