Uniswap (UNIUSD) Price May Penetrate $8.2 Support Level

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Uniswap price may reduce further

Uniswap Price Analysis – 11 April

The support levels of $7.4 and $7.1 can be destroyed by sell pressure below $8.2. Price may retest $11.4 and $12.7 if buyers can push the price over the $8.2 resistance level.

UNI/USD Market

Key Levels:

Resistance levels: $10.1, $11.4, $12.7

Support levels: $8.2, $7.4, $7.1

UNI/USD Long-term Trend: Bearish

The daily chart of Uniswap clearly shows a downward trend. The cryptocurrency tested the $17.5 resistance level on 06 March. The price fell when bears held the previously established level. In the last several days, the price of cryptocurrencies has been falling toward $8.2. Sellers upheld the previously indicated criterion. Customers pushed the market southward. On March 16, a sizable, powerful daily bearish candle emerged. Price is dropping to test the $8.2 barrier.

A downward trend is indicated by the fact that Uniswap is trading below the Hull Suite indicator of cryptocurrency signals. The support levels of $7.4 and $7.1 can be totally destroyed by sell pressure below $8.2. Price may retest $11.4 and $12.7 if buyers are able to push the price over the $8.2 resistance level.

UNI/USD Medium-term Trend: Bearish

Uniswap’s 4-hour chart indicates a decline in movement. Price reductions began as soon as the sellers maintained the $17.5 barrier level. The previous highs of $8.2 and $10.1 were shattered a few days ago with the successful completion of multiple projects with price values as high as $17.0. Increased pressure from purchasers led to this. Prices are falling as bears are holding onto the previously suggested level as buyers’ enthusiasm wanes near the resistance level of $17.0.

At the moment, the price is dropping below the dynamic support level. In Uniswap, there is market volatility. A selling position is indicated by the QQE MOD crypto signals indication histogram that is negative.

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