Uniswap (UNIUSD) Price May Break Up $26 Level to Target $30 Resistance Level

7 October 2021 | Updated: 7 October 2021

Uniswap Price Analysis – October 07

The breakup of the $26 resistance price level may increase the price to $30 and $37 resistance levels. Failure to break up the resistance level of $26 by the bulls may result to continuation of ranging market or bearish reversal towards the support levels at $21, $17 and $14.

UNI/USD Market

Key Levels:

Resistance levels: $26, $30, $37

Support levels: $21, $17, $14

UNI/USD Long-term Trend: Bullish

Uniswap is bullish on the long-term outlook. The buyers successfully pushed Uniswap to the resistance level of $26 last week. Several attempts was made to break up the mentioned level. There was a partial breakout but the bullish momentum could not sustain the movement. At the moment, the price is struggling to break up the resistance level of $26 as the daily bullish candle opens the market today.

UNIUSD Daily chart, October 07

Uniswap is trading above the 9 periods EMA and 21 periods EMA which is an indication of bullish movement. The fast moving average (9 periods EMA) has crossed the slow moving average (21 periods EMA). The breakup of the $26 resistance price level may increase the price to $30 and $37 resistance levels. Failure to break up the resistance level of $26 by the bulls may result to continuation of ranging market or bearish reversal towards the support levels at $21, $17 and $14.

UNI/USD Medium-term Trend: Ranging

Uniswap is ranging on the 4-hour chart. There was no significant movement in the Uniswap market last week. The price pulls back after the breakout at the resistance level of $26 with the formation of bearish engulfing candle. The coin is consolidating around the $26 price level.

UNIUSD 4 hour chart, October 07

Uniswap is trading above the 9 periods EMA and 21 periods EMA at close distance, the relative strength index period 14 is above 50 levels bending up to indicate buy signal.

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 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.