Uniswap (UNIUSD) Price Is gaining traction

Bulls’ momentum increases in Uniswap market

Uniswap Price Analysis – 26 September

It could overcome the resistance levels at $7.9 and $8.8 if buying pressure begins to emerge again at $7.2. Sellers might attempt to reevaluate the $6.5 and $5.8 levels if they are successful in breaking through the $6.8 support level.

UNI/USD Market

Key Levels:

Resistance levels: $7.2, $7.9, $8.8

Support levels: $6.8, $6.5, $5.8

UNI/USD Long-term Trend: Bullish

The daily chart of Uniswap clearly shows a bullish reversal indicator. It was predicted that the currency would move to the resistance level at $6.8 during the August 5 test of the support level at $5.1. Because the price dropped to $5.8, bears held onto their positions. The price of cryptocurrency has increased over the last two weeks, hitting $6.8. That’s when it began to rise and testing the $7.2 resistance level again. The purchasers followed the prior directive. The market is still testing the previously indicated level. At the moment, $7.9 may be the target.

An upward trend is shown by Uniswap’s trading above the Hull Suite indicator for cryptocurrency signals. It could overcome the resistance levels at $7.9 and $8.8 if buying pressure begins to emerge again at $7.2. Sellers might attempt to reevaluate the $6.5 and $5.8 levels if they are successful in breaking through the $6.8 support level.

UNI/USD Medium-term Trend: Bullish

Uniswap’s 4-hour chart indicates an increasing trend. As soon as the sellers kept the $6.8 barrier level, price drops started. Significant work was finished a few days ago, and pricing values were as low as $5.4. When retailers increased the pressure on their customers, this is what transpired. Prices climb at the previously mentioned level as buyers become more anxious, while bears remain stable at that same level. As the bulls gathered momentum, the Uniswap started to gain traction. Since then, though, it has risen and tested the $7.2 mark, indicating a bullish trend.

Right now, the price is inclined much higher than the dynamic support level. In Uniswap, there is less market volatility. A purchase position is indicated by the positive QQE MOD signal histogram.

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