Uniswap (UNIUSD) Price Is Aiming at $6.2 Resistance Level
Login

Uniswap (UNIUSD) Price Is Aiming at $6.2 Resistance Level

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

The bulls are dominating Uniswap market

Uniswap Price Analysis – 12 January

Uniswap levels of $6.6 and $7.2 may be reached if it is possible to break through the $6.2 resistance level. If the $6.2 resistance level is not broken, the sellers’ momentum may pick up, causing them to break down the $5.7 support level, which would then cause the price to drop to the $5.1 and $4.9 support levels.

UNI/USD Market

Key Levels:

Resistance levels: $6.2, $6.6, $7.2

Support levels: $5.7, $5.1, $4.9

UNI/USD Long-term Trend: Bullish

Uniswap has a positive view for the long term. The sellers were in charge of the Uniswap pricing lat two weeks. On December 28, it fell to the support level of $4.9. The $4.9 support level held up under the sellers’ attack. The price rose and tried to break through the $5.7 barrier level. The level that was recently described was breached upward. It is currently moving in the direction of the $6.2 resistance level.

In order to start an uptrend, the fast-moving average (9-period EMA) has passed the slow-moving average (21-period EMA) upside. Uniswap is trading above the two dynamic support levels which is a sign of bullish momentum. Price levels of $6.6 and $7.2 may be reached if it is possible to break through the $6.2 resistance level. If the $6.2 resistance level is not broken, the sellers’ momentum may pick up, causing them to break down the $5.7 support level, which would then cause the price to drop to the $5.1 and $4.9 support levels. Indicating positive momentum, the Relative Strength Index is bending up at 65 levels.

UNI/USD Medium-term Trend: Bullish

Uniswap is Bullish on the 4-hour chart. When the coin reached the $4.9 support level, the sellers’ momentum appeared to have peaked. The Crypto’s reduction was at an end. More buyers came on board to drive up the price. The price gradually rose and surpassed the $5.7 resistance level. Currently, the cryptocurrency is aiming for resistance level of $6.2.

Uniswap is trading above both the 9- and 21-period exponential moving averages, and the period 14 relative strength index is at 65 levels, bending upward to offer a buy signal.

You can purchase Lucky Block here Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News