Uniswap (UNIUSD) Price Increase According to Bulls’ Nervous

Uniswap market may continue bullish trend

Uniswap Price Analysis – 21 November

If buying pressure returns around $8.2, it may break through resistance levels at $8.8 and attack the $9.5 to $10.1 levels. Sellers might attempt to reevaluate the $7.9 and $7.2 levels if they can break through the $8.2 support level.

UNI/USD Market

Key Levels:

Resistance levels: $8.6, $9.5, $10.1

Support levels: $8.3, $7.9, $7.2

UNI/USD Long-term Trend: Bullish

The Uniswap daily chart unquestionably shows a bullish reversal indicator. On September 5, it was anticipated that the currency would test the $6.5 support level before rising to the $7.9 resistance level. When the price dropped below $6.5, the bears held onto their market. The price of cryptocurrency has increased to $8.2 in the last two weeks. It then began to rise, testing the resistance level at $10.1. After withdrawing, it is now being reexamined in the $6.2 zone.
Yesterday, buyers followed the previous guidance. Following the decline, the market can rise once more to its former peak.

An upward trend is shown by Uniswap’s trading above the Hull Suite indicator for cryptocurrency signals. If buying pressure returns around $8.2, it may break through resistance levels at $8.8 and attack the $9.5 to $10.1 levels. Sellers might attempt to reevaluate the $7.9 and $7.2 levels if they can break through the $8.2 support level.

UNI/USD Medium-term Trend: Bearish

Uniswap’s 4-hour chart indicates a declining trend. As soon as the sellers held the $10.1 barrier level, price drops started. When the main job was finished a few days ago, prices reached $10.1. When buyers increased the pressure on their market, this is what transpired. Prices rise to the predetermined level as buyers grow more nervous; the Uniswap also increased in lockstep with the bulls. It is already retreating, nevertheless, in order to retest the $8.2 support level.

Right now, the price is below the dynamic support level. In Uniswap, the market is unpredictable. A negative QQE MOD signal histogram indicates a selling position.

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