Uniswap (UNIUSD) Price Is Targeting $7.2 Resistance Level

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