Uniswap (UNIUSD) Price Is Testing $30 Resistance Level

Azeez Mustapha
12 August 2021 | Updated: 12 August 2021

Uniswap Price Analysis – August 12

An increase in the bulls’ momentum will break up the resistance level of $30 and this may increase the price to $37 and $43 resistance levels. In case the resistance level of $30 holds, Uniswap price may decrease to $26, $21 and $14 price levels.

UNI/USD Market

Key Levels:

Resistance levels: $30, $37, $43

Support levels: $26, $21, $14

UNI/USD Long-term Trend: Bullish

On the long-term outlook, Uniswap is bullish. The bulls’ momentum is increasing and this is reflecting in the UNISWAP market. The crypto continue to increase, the former resistance level of $26 is broken upside, and a price retest is carried out on August 08. The following day, bullish movement is restored and it increases towards the resistance level of $30. The just mentioned resistance level is reached and it is pulling back.

UNIUSD daily chart, August 12

The trading of Uniswap above the two EMAs continues which is an indication of bullish momentum. The fast moving average (9 periods EMA) retain its position above the slow moving average (21 periods EMA). An increase in the bulls’ momentum will break up the resistance level of $30 and this may increase the price to $37 and $43 resistance levels. In case the resistance level of $30 holds, Uniswap price may decrease to $26, $21 and $14 price levels. The Relative Strength Index is bending down above 70 levels indicating sell signal which may be a pullback.

UNI/USD Medium-term Trend: Bullish

Uniswap is bullish on the 4-hour chart. The double bottom chart pattern formed at the support level of $14 triggered the bullish momentum on the 4 hour chart. The former resistance level of $21 and $26 has turned to Support levels. The resistance level of $30 is tested.

UNIUSD 4 hours chart, August 12

Uniswap is trading below the 9 periods EMA and 21 periods EMA, the relative strength index period 14 is at 50 levels bending down to indicate sell signal which may be a pullback.

You can purchase crypto coins here.  Buy Tokens

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 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
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Share with other traders!
Azeez Mustapha

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.