Uniswap (UNIUSD) Price Is Range-Bound Within $27 and $21 Levels

21 October 2021 | Updated: 21 October 2021

Uniswap Price Analysis – October 21

Should there be a breakup at the $27 resistance level, price may increase to $30 and $37 resistance levels. When bulls could not penetrate the resistance level of $27, Uniswap may continue ranging movement or there may be bearish reversal towards the support levels at $21, $17 and $14.

UNI/USD Market

Key Levels:

Resistance levels: $27, $30, $37

Support levels: $21, $17, $14

UNI/USD Long-term Trend: Bullish

Uniswap is bullish on the long-term outlook. There was no significant movement in the Uniswap market last week. The coin retain its trade within the range of $27 resistance level and $21 support level. The ranging movement may continue until the price break out either to the south or to the north. The pressure of the bulls is increasing and there may be a bullish breakout at $27 resistance level.

Uniswap is trading above the 9 periods EMA and 21 periods EMA which indicate continuation of bullish movement. The fast moving average (9 periods EMA) remains above the slow moving average (21 periods EMA). Should there be a breakup at the $27 resistance level, price may increase to $30 and $37 resistance levels. When bulls could not penetrate the resistance level of $27, Uniswap may continue ranging movement or there may be bearish reversal towards the support levels at $21, $17 and $14.

 

UNI/USD Medium-term Trend: Ranging

 

Uniswap is on the ranging movement in the 4-hour chart. The resistance level of $27 holds and the bulls were unable to push the Crypto above the level. In the same way, the bears were unable to push the price below the support level of $21 as the mentioned level proof stronger than the bears’ momentum. The price is ranging within the resistance level and support level mentioned.

Uniswap is trading around the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is at 60 levels bending up to indicate buy signal.

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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.