Uniswap (UNIUSD) Price: Buyers Defend $5.1 Support Level

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


The bulls are rulling Uniswap market

Uniswap Price Analysis – October 06

The resistance level of $7.2 may be broken upside if buyers exert more pressure and this may increase the price to $7.9 and $8.9 resistance levels. In case the sellers defend the resistance level of $7.2, Uniswap price may reduce to $6.7, $5.9 and $5.1 price levels.

UNI/USD Market

Key Levels:

Resistance levels: $7.2, $7.9, $8.9

Support levels: $6.7, $5.9, $5.1

UNI/USD Long-term Trend: Bullish

On the long-term outlook, Uniswap is bullish. The double-top chart pattern formed at the resistance level of $9.7 triggered bearish trend last month. UNISWAP go down and tested the support level of $6.7. It commenced a ranging movement within $7.2 and $6.7 levels until September 18 when it penetrated the support level of $6.7 and $5.9 level was reached. A bullish engulfing candle pattern emerged on September 26, which is an indication that bulls are ready to push up the price. The price increases and currently targeting the resistance level of $7.2.

Uniswap has penetrated the two EMAs upside, it is trading above it as an indication of bullish momentum. The fast moving average (9 periods EMA) has crossed the slow moving average (21 periods EMA) upside. The resistance level of $7.2 may be broken upside if buyers exert more pressure and this may increase the price to $7.9 and $8.9 resistance levels. In case the sellers defend the resistance level of $7.2, Uniswap price may reduce to $6.7, $5.9 and $5.1 price levels. The Relative Strength Index is bending up at 60 levels indicating buy signal.

UNI/USD Medium-term Trend: Bullish

On the 4-hour chart, Uniswap is bullish. A double bottom chart pattern formed at $5.1 support level is an indication that bulls are ready to take over Uniswap market. The bullish momentum is pushing the price above the resistance level of $6.7. There is probability that the price may increase further to break up resistance level of $7.2.

 Uniswap is trading above the 9 periods EMA and 21 periods EMA, the relative strength index period 14 is at 59 levels bending down to indicate sell signal which may be a pullback.

You can purchase Lucky Block here. Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.