Uniswap (UNIUSD) Price: Bulls Are Gathering Momentum at $6.8 Level
Login

Uniswap (UNIUSD) Price: Bulls Are Gathering Momentum at $6.8 Level

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

Azeez Mustapha

Updated:

Buyers’ pressure increases in Uniswap market

Uniswap Price Analysis – 19 September

If buying pressure starts to surface again at $6.8, UNISWAP might break through the resistance levels at $7.2 and $7.9. If sellers are able to break through the $6.5 support level, they may try to reassess the $5.8 and $5.4 levels.

UNI/USD Market

Key Levels:

Resistance levels: $6.8, $7.2, $7.9

Support levels: $6.5, $5.8, $5.4

UNI/USD Long-term Trend: Bullish

Uniswap’s daily chart blatantly displays a bullish reversal indicator. During the August 5 test of the support level at $5.1, it was anticipated that the currency will go to the resistance level at $6.8. Bears maintained their position as the price fell to $5.4. Over the past two weeks, the price of cryptocurrency has risen, reaching $5.8. At that point, it started to incline and tested the $6.5 resistance level once more. The buyers complied with the previous instruction. The market continues to test the level that was previously mentioned. It is currently aiming at the $6.8 mark.

Uniswap (UNIUSD) Price: Bulls Are Gathering Momentum at $6.8 Level

Uniswap’s trading above the Hull Suite indicator for cryptocurrency signals indicates an upward trend. If buying pressure starts to surface again at $6.8, it might break through the resistance levels at $7.2 and $7.9. If sellers are able to break through the $6.5 support level, they may try to reassess the $5.8 and $5.4 levels.

UNI/USD Medium-term Trend: Bullish

The 4-hour chart of Uniswap shows an upward trend. Price reductions began as soon as the sellers maintained the $6.8 barrier level. A few days ago, significant work was completed, and pricing values were as low as $5.4. This is what happened when retailers put more pressure on their customers. As buyers grew increasingly agitated, prices rise at the previously indicated level, but bears held steady at that same level. The Uniswap began to gain influence as the bulls gained traction. However, it has since increased and tested the $6.8 level, suggesting a bullish trend.

Uniswap (UNIUSD) Price: Bulls Are Gathering Momentum at $6.8 Level

The price is currently inclining far higher than the dynamic support level. There is market low volatility in Uniswap. The positive QQE MOD signal histogram indicates a buying position.

Start using a world-class auto trading solution

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