Uniswap (UNIUSD) Price Pulls Back at $13.8 Level

Bulls may reinforce after a pullback

Uniswap Price Analysis – 28 November

It might breach resistance levels around $13.8 and strike the $14.5 to $15.2 levels if buying pressure comes back around $13.8. If sellers are able to break through the $12.0 support level, they may try to reassess the $10.2 and $9.5 levels.

UNI/USD Market

Key Levels:

Resistance levels: $13.8, $14.5, $15.2

Support levels: $12.0, $10.2, $9.5

UNI/USD Long-term Trend: Bullish

There is no doubt that the Uniswap daily chart displays a bullish reversal indicator. The coin was expected to test the $6.5 support level on September 5 before climbing to the $9.5 resistance level. The bears clung onto their market as the price fell below $6.5. Over the past two weeks, the price of cryptocurrency has risen to $10.2. After that, it started to increase and tested the $12.0 resistance level. It is currently being reexamined in the $6.2 zone after withdrawing.

Buyers adhered to the earlier advice yesterday an price tested $13.8. The market can rebound to its previous top after the fall. Uniswap’s trading above the Hull Suite indicator for cryptocurrency signals indicates an upward trend. It might breach resistance levels around $13.8 and strike the $14.5 to $15.2 levels if buying pressure comes back around $13.8. If sellers are able to break through the $12.0 support level, they may try to reassess the $10.2 and $9.5 levels.

UNI/USD Medium-term Trend: Bullish

The 4-hour chart for Uniswap shows an upward trend. Price inclines began as soon as the buyers held the $10.2 barrier level. Prices hit $12.0 when the main job was completed a few days ago. This is what happened when buyers put more pressure on their market. As purchasers became increasingly apprehensive, prices climb to the predefined level; the Uniswap likewise rose in tandem with the bulls to $13.8 level. However, it is already pulling back to retest the $12.0 support level.

The price is currently above the dynamic support level. The market at Uniswap is erratic. A buying position is indicated by a positive QQE MOD signal histogram.

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