Uniswap (UNIUSD) Price: Buyers Are Defending $6.4 Support Level
Login

Uniswap (UNIUSD) Price: Buyers Are Defending $6.4 Support Level

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Buyers’ pressure may increase in Uniswap market

Uniswap Price Analysis – 25 April

The support levels of $6.4 and $4.9 might be destroyed by sell pressure below $7.4. Uniswap may revisit $8.2 and $10.1 if buyers can lift the price over the resistance level of $7.9.

UNI/USD Market

Key Levels:

Resistance levels: $7.9, $8.2, $10.1

Support levels: $7.4, $6.4, $4.9

UNI/USD Long-term Trend: Bearish

The daily chart of Uniswap clearly shows a declining trend. The coin tested the $17.5 resistance level on March 6. The price fell as long as bears held the previously established level. Over the previous few days, the price of cryptocurrencies has been falling and tested $6.4 level. It bounced up as a pullback and tested the resistance level of $8.2. Sellers upheld the previously mentioned norm. Customers pushed the market southward. The price is now increasing to test $7.9 level.

Uniswap (UNIUSD) Price: Buyers Are Defending .4 Support Level

A downward trend is indicated by the fact that Uniswap is trading below the Hull Suite indicator of cryptocurrency signals. The support levels of $6.4 and $4.9 might be totally destroyed by sell pressure below $7.4. The price may revisit $8.2 and $10.1 if buyers are able to lift the price over the resistance level of $7.9.

UNI/USD Medium-term Trend: Bearish

Uniswap’s 4-hour chart indicates a decline in movement. Price reductions began as soon as the sellers maintained the $17.5 barrier level. The previous highs of $8.2 and $10.1 were shattered a few days ago with the successful completion of multiple projects with price values as high as $17.0. Sellers pressure intensified, and this is what happened. Prices dropped as bears held onto the previously advised level and purchasers’ enthusiasm waned around the resistance level of $17.0. The price is consolidating right now.

Uniswap (UNIUSD) Price: Buyers Are Defending .4 Support Level

At the moment, the price is dropping below the dynamic support level. In Uniswap, there is market volatility. A selling position is indicated by the QQE MOD indication histogram that is negative.

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