Uniswap (UNIUSD) Price Hits Barrier at $6.0 Resistance 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


Uniswap Price Analysis – July 07

When the bulls increase their momentum, price may break up the resistance level of $6.0 and this may increase it to $7.9 and $9.7 resistance levels. In case the bears defend the resistance level of $6.0, Uniswap price may decrease to $4.5, $3.4 and $2.1 price levels. The Relative Strength Index is bending up at 54 levels indicating buy.

UNI/USD Market

Key Levels:

Resistance levels: $6.0, $7.9, $9.7

Support levels: $4.5, $3.4, $2.1

UNI/USD Long-term Trend: Bullish

Uniswap is bullish on the long-term outlook. The Crypto found support at $3.4 level on 15 June. It was the second time of testing the mentioned level. The first test was carried out on 12 May. The price increases and test the resistance level of $6.02. It pulled back to test the broken level of $4.5. There is tendency for the price to increase further.

The fast moving average (9 periods EMA) has crossed the slow moving average (21 periods EMA) upside. Uniswap has penetrated the two EMAs upside, trading above it, which is an indication of bullish momentum. When the bulls increase their momentum, price may break up the resistance level of $6.0 and this may increase it to $7.9 and $9.7 resistance levels. In case the bears defend the resistance level of $6.0, Uniswap price may decrease to $4.5, $3.4 and $2.1 price levels. The Relative Strength Index is bending up at 54 levels indicating buy.

UNI/USD Medium-term Trend: Bullish

On the 4-hour chart, Uniswap is bullish. Two weeks ago, a double bottom chart pattern formed on 4- hour, and it triggers a bullish movement. Price increase to test the resistance level of $6.02 and it pulled back. At the moment, it is struggling to break up $6.0 level.

Uniswap is trading slightly above the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is at 55 levels bending down to indicate sell signal.

You can purchase Lucky Block here Lucky Block 

  • 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
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • 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.