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Bears are increasing in Uniswap market
Uniswap Price Analysis – 27 June
If selling pressure increases below $8.8, the $9.0 and $7.9 support levels might be totally destroyed. When buyers push Uniswap past the $10.1 resistance level, a reexamination of the $12.0 and $13.8 levels might be required.
UNI/USD Market
Key Levels:
Resistance levels: $10.1, $12.0, 13.8
Support levels: $8.8, $9.0, $7.9,
UNI/USD Long-term Trend: Bearish
Uniswap’s daily chart unmistakably displays a downward trend. The goal of the coin’s test on March 6 was to reach the resistance level at $17.5. The price fell to $7.9 as long as bears maintained the previously established level. Over the past two weeks, the price of cryptocurrencies has risen, reaching $12.0. It then turned and started to descending, testing the $8.8 support level. The sellers followed the earlier standard. In order to retest the $9.0 support level, the market retreats.
Uniswap’s trading below the Hull Suite indicator for cryptocurrency signals indicates a negative trend. If selling pressure increases below $8.8, the $9.0 and $7.9 support levels might be totally destroyed. When buyers push past the $10.1 resistance level, a reexamination of the $12.0 and $13.8 levels might be required.
UNI/USD Medium-term Trend: Bearish
The 4-hour chart of Uniswap shows a downward trend. Price reductions began as soon as the sellers maintained the $12.0 barrier level. A few days ago, significant work was completed, and pricing values were as low as $7.9. This is what happened when retailers put more pressure on their customers. Prices fell as buyers became more enthusiastic at the $6.7 support level and bears held onto the previously advised level. The Uniswap recovered and is now declining as it loses traction; this could be an indication of a downward trend.
The price is currently dropping significantly below the dynamic support level. There is market volatility in Uniswap. A selling position is indicated by the QQE MOD indication histogram that is negative.
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