Uniswap (UNIUSD) Price May Resume Bullish Movement

Uniswap price may be dominated by bulls

Uniswap Price Analysis – 21 March

If selling pressure continues over $11.4, the support levels at $10.1 and $8.2 might be destroyed. If buyers are successful in driving the price above the $12.7 resistance level, Uniswap levels of $15.4 and $17.0 will be tested.

UNI/USD Market

Key Levels:

Resistance levels: $12.7, $15.4, $17.0

Support levels: $11.4, $10.1, $8.2

UNI/USD Long-term Trend: Bearish

Uniswap’s daily chart unmistakably displays a bearish trend. On February 6, the cryptocurrency tested the $5.6 support level. After bears held the previously set level, the price increased. The cost of cryptocurrencies has increased within the past few days to $17.0. Sellers defended the just-mentioned level. The market was driven southward by customers. A large, robust daily bearish candle appeared on March 16 and broke down the $15.4 level, the price decreased to test the $10.1 threshold.

The fact that Uniswap is trading below the Hull Suite suggests a negative trend. If selling pressure continues over $11.4, the support levels at $10.1 and $8.2 might be destroyed. If buyers are successful in driving the price above the $12.7 resistance level, the price levels of $15.4 and $17.0 will be tested. A sell crypto signals is indicated when the QQE MOD best forex signals indicator is red and below the zero level.

UNI/USD Medium-term Trend: Bearish

The 4-hour chart of Uniswap shows decreasing movement. As soon as the sellers kept the $17.0 barrier level in place, the price started to declination. A few days ago, several projects with price values as high as $17.0 were completed, shattering the previous highs of $8.2 and $10.1. This resulted from increased buyer pressure. As buyer’s interest decrease at the resistance level of $17.0, prices are now declining because bears are clinging to the previously recommended level.

The price is currently pulling down to retest the dynamic support level. There is market volatility in Uniswap. The positive QQE MOD indicator histogram indicates a buying position

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