Uniswap (UNIUSD) Price Is Targeting $7.2 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


The bulls’ momentum is increasing in Uniswap market

Uniswap Price Analysis – 26 January

Price levels of $7.2 and $7.9 may be tested provided the bulls are able to break through the $6.6 resistance level. The sellers’ momentum can pick up if the $6.2 support level is breached, leading Uniswap to break the $5.7 support level, which would then lead to a price down to the $5.1.

UNI/USD Market

Key Levels:

Resistance levels: $6.6, $7.2, $7.9

Support levels: $6.2, $5.7, $5.1

UNI/USD Long-term Trend: Bullishish

Uniswap is bullish on the daily outlook. In the previous weeks, buyers dominated the Uniswap market. The price rose to a high of $6.6 as the impetus of the buyers grew.

The hurdle at the resistance level of $6.6 proved to be too strong for the bulls’ impetus to overcome. More pressure was applied by the sellers, the just-stated level was held and the $6.2 level was retested. Bulls are returning with an increased force, UNI market is moving in a bullish direction. An indicator of bullish momentum is the trading of the coin above the two dynamic support levels in Uniswap market. Price levels of $7.2 and $7.9 may be tested provided the bulls are able to break through the $6.6 resistance level. The sellers’ momentum can pick up if the $6.2 support level is breached, leading the crypto to break the $5.7 support level, which would then lead to a price down to the $5.1. Bullish momentum is shown by the Relative Strength Index period 14 bending up at 58 levels.

UNI/USD Medium-term Trend: Bullish

Uniswap’s 4-hour chart indicates a bullish bias. Last week, when the cryptocurrency tested the $6.6 resistance level, the buyers’ impetus slowed down. The Cryptos retreated. To lower the price, more sellers joined the market. Price dropped steadily till it reached the $5.7 support level. The buyers stopped the flow of activity. The coin is currently going at $7.2 as a resistance level.

The period 14 Relative Strength Index is at 50 levels, bending upward to provide a buy signal, and Uniswap is trading between the 9- and 21-period exponential moving averages.

You can purchase Lucky Block here Buy LBLOCK

 

  • 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
$250 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
  • 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.