Uniswap (UNIUSD) Price: Buyers Become Increasingly Anxious

Price is targeting $8.8 level

Uniswap Price Analysis – 31 October

It might surpass resistance levels at $8.8 and $9.5 if buying pressure resumes at $8.2. If sellers are able to break through the $7.9 support level, they may try to reassess the $7.2 and $6.8 levels.

UNI/USD Market

Key Levels:

Resistance levels: $8.2, $8.8, $9.5

Support levels: $7.9, $7.2, $6.8

UNI/USD Long-term Trend: Bullish

There is no doubt that the Uniswap daily chart displays a bullish reversal indicator. The currency was expected to test the $6.5 support level on September 5 before climbing to the $7.9 resistance level. Bears held onto their market as the price fell to $6.5. Over the past two weeks, the price of cryptocurrencies has risen to $7.2. After that, it started to increase and tested the resistance level at $7.9. It withdrew and then retested the $6.8 zone.
The purchasers complied with the earlier instruction. The market is currently above $7.9 and aiming for the $8.2 level.

Uniswap’s trading above the Hull Suite indicator for cryptocurrency signals indicates an upward trend. It might surpass resistance levels at $8.8 and $9.5 if buying pressure resumes at $8.2. If sellers are able to break through the $7.9 support level, they may try to reassess the $7.2 and $6.8 levels.

UNI/USD Medium-term Trend: Bullish

The 4-hour chart for Uniswap shows an upward trend. Price declines began as soon as the sellers maintained control of the $6.8 barrier level. Pricing levels were as low as $6.5 when the principal job was completed a few days ago. This is what happened when retailers put more pressure on their customers. As buyers become increasingly anxious, prices rise at the aforementioned level, but bears stay steady at the same level. The Uniswap surged along with the bulls. However, it has now increased and broken through the $7.9 barrier, suggesting a bullish trend.

The price is currently moving over the dynamic support level. The market is less erratic in Uniswap. A purchase position is indicated by a positive QQE MOD signal histogram.

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