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Bulls are dominating Uniswap market
Uniswap Price Analysis – 30 May
Should there be a sell pressure below $10.2, the support levels around $9.5 and $9.0 might be completely shattered. If buyers are successful in pushing Uniswap above the $11.4 resistance level, the $12.7 and $15.4 levels might be reexamined.
UNI/USD Market
Key Levels:
Resistance levels: $11.4, 12.7, $15.4
Support levels: $10.2, $9.5, $9.0,
UNI/USD Long-term Trend: Bullish
The daily chart of Uniswap clearly shows an increasing trend. Reaching the resistance level at $17.5 was the aim of the coin’s test on March 6. As long as bears kept the previously set level, the price dropped to $7.9. The price of cryptocurrencies has increased over the last two days, testing levels of $8.3 and 9.0. It turned and began to rise, testing the resistance level at $9.5. The purchasers adhered to the previous norm. The market was driven northward by customers. Right now, the price range is between $10.5 and $11.4.
A positive trend is indicated by Uniswap’s trading above the Hull Suite indicator for cryptocurrency signals. Should there be a sell pressure below $10.2, the support levels around $9.5 and $9.0 might be completely shattered. If buyers are successful in pushing the price above the $11.4 resistance level, the $12.7 and $15.4 levels might be reexamined.
UNI/USD Medium-term Trend: Bullish
\Uniswap’s 4-hour chart indicates an increasing trend. As soon as the sellers kept the $17.5 barrier level, price reductions started. Significant work was finished a few days ago, with pricing values as low as $7.9. This is what transpired when merchants increased customer pressure. Prices dropped as bears stuck onto the previously recommended level and buyers’ enthusiasm triggered near the support level of $6.7. The Uniswap bounced back and is now rising as it gets more momentum; this could be the beginning of a bullish trend.
Right now, the price is rising far over the dynamic support level. In Uniswap, there is market volatility. The positive QQE MOD indicator histogram indicates a buying position.
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