Buyers’ momentum may increase in Uniswap market
Uniswap Price Analysis – 13 April
In case there is enough buying pressure and the $6.2 resistance level is breached, the $6.6 and $7.2 levels may also be smashed. The $5.1 and $4.9 price levels will be tested if sellers are able to successfully breach the $5.7 support level.
UNI/USD Market
Key Levels:
Resistance levels: $6.2, $6.6, $7.2
Support levels: $5.7, $5.1, $4.9
UNI/USD Long-term Trend: Ranging
Uniswap is on the ranging movement in the daily outlook. The bullish momentum was unable to break over the $7.2 resistance level. The Uniswap market has been controlled by sellers for more than a month. On March 11, the price jumped up to retest the $6.6 resistance level after probing the $5.1 support level. The price was decreasing toward the $6.2 support level since there were more sellers. As the sellers increased their pressure on the price last two weeks, the $6.2 ceiling was breached and the price tested $5.7. Throughout last week till now, the price is fluctuating between $6.2 and $5.7 levels.
A modest bullish trend is clearly visible as the currency is fluctuating between the two dynamic resistance levels in the Uniswap market. In case there is enough buying pressure and the $6.2 resistance level is breached, the $6.6 and $7.2 levels may also be smashed. The $5.1 and $4.9 price levels will be tested if sellers are able to successfully breach the $5.7 support level. The Period 14 bending up at 52 levels of the Relative Strength Index suggests bullish momentum, which could be an upturn.
UNI/USD Medium-term Trend: Bullish
Uniswap’s 4-hour chart indicates a bullish bias. A few weeks ago, as the cryptocurrency got close to $7.2, buyer excitement started to fade. The Cryptos backed off. As more suppliers entered the market, the price fell. Price breaks the $6.2 support level, falling much more to $5.7. Buyers and sellers are in antagonism at the aforementioned levels.
Buyers’ pressure is becoming strong and the price may eventually break up $6.2 level. Uniswap is also trading above the 9- and 21-period exponential moving averages. A buy is indicated by the 14-period relative strength index being at 61 levels bending up.
You can purchase Lucky Block here Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.