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Buyers’ momentum increases in Uniswap market
Uniswap Price Analysis – 22 June
The price levels of $4.5 and $3.9 will be tested if sellers are able to push prices below the $4.7 support level. The $5.1 and $5.7 resistance levels may be breached if there is enough buying pressure to move past the $4.9 resistance level.
UNI/USD Market
Key Levels:
Resistance levels: $4.9, $5.1, $5.7
Support levels: $4.7, $4.5, $3.9
UNI/USD Long-term Trend: Bullish
Uniswap is moving in a bullish direction in the daily view. The bearish trend commenced on 19 April at $6.4 level. The coin found support at $3.9 on 10 June. The bulls defends the just-mentioned level and the price bounced up. The resistance level of $4.5 has turned to the support level. The bullish momentum is threatening the resistance level of $4.7. The price is currently exposed to $4.9.
Uniswap is trading above the two EMAs as evidence of a bullish movement. The price levels of $4.5 and $3.9 will be tested if sellers are able to push prices below the $4.7 support level. The $5.1 and $5.7 resistance levels may be breached if there is enough buying pressure to move past the $4.9 resistance level. A buy signal is immediately discernible as the period 14 relative strength index curve bends up at level 55.
UNI/USD Medium-term Trend: Bullish
Uniswap’s 4-hour chart indicates a bullish bias. On June 10th, the support level at the low of $3.5 was tested. The bulls successfully defended the previous level and then rose. After breaking through the $3.9 resistance level, the price is currently increasing as it breaking the $4.9 resistance level. A cryptocurrency’s price rises as more buyers enter the market. The price is currently attempting to ascend above the $4.9 mark.
Buyer pressure is currently being applied to the price. Uniswap is currently trading above the exponential moving averages of 9 periods and 21 periods.
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