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Uniswap price is increasing
Uniswap Price Analysis – 29 February
Uniswap levels of $8.2 and $7.4 will be put to the test if sellers are successful in pushing the price below the $10.1 support level. In the event that the buying pressure stays over $11.4, the resistance levels at $12.7 and $14.00 might be totally smashed.
UNI/USD Market
Key Levels:
Resistance levels: $11.4, $12.7, $14.00
Support levels: $10.1, $8.2, $7.4
UNI/USD Long-term Trend: Bearish
The daily chart of Uniswap clearly shows a bullish movement. The Crypto tested the support level of $5.6 on 06 February. Bears defended the just-mentioned level and the price bounced up. Over the past four days, there has been an increase in the price of cryptocurrencies. Customers drove the market northward. On 23 February, a strong and big daily bullish candle emerged and the price tested the resistance level of $12.7. Currently, the price ranges between $11.4 and $10.1 levels.
Uniswap is trading above the Hull Suite suggesting a positive trend. In the event that the buying pressure stays over $11.4, the resistance levels at $12.7 and $14.00 might be totally smashed. The price levels of $8.2 and $7.4 will be put to the test if sellers are successful in pushing the price below the $10.1 support level. When the QQE MOD indicator is green and above the zero level, it indicates a buy crypto signals.
UNI/USD Medium-term Trend: Bullish
Uniswap’s 4-hour chart indicates upward movement. The price began to rise as soon as the purchasers maintained the $7.4 barrier level. The high of $8.2 and $1.0.1 was broken higher four days ago after multiple projects, some with price values of $11.4 were successfully completed. Increased pressure from buyers led to this. As buyers’ momentum increase, tests are conducted at the $11.4 resistance level. Bulls are holding on to the previously mentioned level, which is why the price is currently inclining.
At the moment, the price ranges within $11.4 and $10.1 levels. Not much volatility in the Uniswap market. The positive QQE MOD indicator histogram indicates a buying position.
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