Uniswap (UNIUSD) Price May Incline to $14 Resistance Level
Login

Uniswap (UNIUSD) Price May Incline to $14 Resistance Level

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:


Uniswap Price Analysis – February 10

An increase in the bulls’ pressure will push the price to break up the resistance level of $14, which may lead to $16 and $18 resistance level. In case the bears interrupt the bulls, the support level of $12 may be broken downside, below the level are $9 and $6 support level.

UNI/USD Market

Key Levels:

Resistance levels: $14, $16, $18

Support levels: $12, $9, $6

UNI/USD Long-term Trend: Bearish

Uniswap is bearish on the long-term outlook. The crypto found support at $9 level. The first touch was on January 27, it pulled back to retest the resistance level of $12. The bears opposed the increase and the support level of $9 was retested second time.  The bulls prevailed and the resistance level of $12 is broken upside. The price is currently consolidating around $12 level.

Uniswap is trading above the two EMAs which indicates that bulls are trying to take over the Uniswap market. Also the fast moving average (9 periods EMA) is trying to cross over the slow moving average (21 periods EMA) upside. An increase in the bulls’ pressure will push the price to break up the resistance level of $14, which may lead to $16 and $18 resistance level. In case the bears interrupt the bulls, the support level of $12 may be broken downside, below the level are $9 and $6 support level. The Relative Strength Index is bending down at 50 levels which indicate a sell signal.

UNI/USD Medium-term Trend: Ranging

On the 4-hour chart, Uniswap is on the ranging movement. The sellers have been ruling the Uniswap market for many days. The support level of $9 was reached on 24 January. The bears’ and the bulls’ momentum became weak and the price started a ranging movement within the resistance level of $12 and the support level of $9. There is a tendency that the price may incline further towards the resistance level of $14.

Uniswap is trading around the 9 periods EMA and 21 periods EMA, the relative strength index period 14 is at 50 levels bending down to indicate sell signal.

You can purchase crypto coins here: Buy coins

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • 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
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
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.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News