Uniswap (UNIUSD) Price Rebound at $4.5 Support Level

Updated:

Uniswap Price Analysis – June 23

An increase in the bulls’ momentum may break up the resistance level of $6.0 and this may increase the price to $7.9 and $9.7 resistance levels. In case the bears defend the resistance level of $6.0, Uniswap price may decrease to $4.5, $3.4 and $3.0 price levels. The Relative Strength Index is pointing up at 59 levels indicating buy.

UNI/USD Market

Key Levels:

Resistance levels: $6.0, $7.9, $9.7

Support levels: $4.5, $3.4, $3.0

UNI/USD Long-term Trend: Bullish

Uniswap is bullish on the long-term outlook. The price of UNISWAP could not go down further when it reaches the support level of $3.4 on 15 June. A bullish engulfing candle pattern emerged the following day, which is an indication that bulls are ready to push up the price. The price increases and break up the resistance level of $4.5. It penetrates the mentioned level and it is increasing slowly towards the resistance level of $6.0.

Uniswap has penetrated the two EMAs upside trading above it is an indication of bullish momentum. Also the fast moving average (9 periods EMA) is trying to cross the slow moving average (21 periods EMA) upside. An increase in the bulls’ momentum may break up the resistance level of $6.0 and this may increase the price to $7.9 and $9.7 resistance levels. In case the bears defend the resistance level of $6.0, Uniswap price may decrease to $4.5, $3.4 and $3.0 price levels. The Relative Strength Index is pointing up at 59 levels indicating buy.

UNI/USD Medium-term Trend: Bullish

On the 4-hour chart, Uniswap is bullish. A double bottom chart pattern formed at the support level of $3.4. It is a bullish chart indication and the coin is obeying the command at the moment on 4-hour chart. The former resistance level of $4.5 is already broken upside and the price is heading towards the resistance level of $6.0.

Uniswap is trading above the 9 periods EMA and 21 periods EMA, the relative strength index period 14 is at 73 levels bending up to indicate buy signal.

You can purchase Lucky Block here. Buy LBlock

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 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
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.