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Uniswap price may continue bullish movement
Uniswap Price Analysis – 14 March
The resistance levels at $17.0 and $18.2 might be fully smashed if buying pressure stays over $15.4. Uniswap levels of $11.4 and $10.1 will be put to the test if sellers are successful in pushing the price below the $12.7 support level.
UNI/USD Market
Key Levels:
Resistance levels: $15.4, $17.0, $18.2
Support levels: $12.7, $11.4, $10.1
UNI/USD Long-term Trend: Bullish
The daily chart of Uniswap clearly shows a bullish trend. The cryptocurrency tested the $5.6 support level on February 6. The price rose after bears held the previously designated level. In the last few days, the price of cryptocurrencies has gone up. Customers drove the market northward. On March 6, a big, strong daily bullish candle emerged on February 23. The price then went up to test the $15.4 barrier. At the moment, the price is ranging from $15.4 to $12.7.
A positive trend is indicated by the fact that Uniswap is trading above the Hull Suite. The resistance levels at $17.0 and $18.2 might be fully smashed if the buying pressure stays over $15.4. The price levels of $11.4 and $10.1 will be put to the test if sellers are successful in pushing the price below the $12.7 support level. When the QQE MOD best forex signals indicator is green and above the zero level, it indicates a buy crypto signal.
UNI/USD Medium-term Trend: Bullish
Uniswap’s 4-hour chart indicates growing movement. The price began to rise as soon as the purchasers maintained the $7.4 barrier level. The high of $8.2 and $10.1 was broken further a few days ago after multiple projects, some with price values as high as $11.4, were completed. Increased pressure from buyers led to this. Tests are conducted as buyer interest increases at the resistance level of $15.4. Because bulls are holding onto the previously suggested level, the price is currently inclining.
To retest the dynamic support level, the price is currently retreating. In Uniswap, there is market volatility. A purchasing position is indicated by the positive QQE MOD indicator histogram.
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