Uniswap (UNIUSD) Price: Sellers Oppose Buyers at $4.5 Level

Sellers are driving Uniswap market

Uniswap Price Analysis – 26 October

The $4.7 and $5.1 resistance levels might be broken if there is enough buying pressure to get through the $4.5 resistance level. The price levels at $3.5 and $3.1 will be tested if sellers are successful in pushing the price below the $4.0 support level.

UNI/USD Market

Key Levels:

Resistance levels: $4.5, $4.7, $5.1

Support levels: $4.0, $3.5, $3.1

UNI/USD Long-term Trend: Bearish

The daily chart of Uniswap exhibits a discernible downward tendency. Currently, sellers are preventing the market from climbing beyond $4.5 level. Throughout the previous month, there was supporting pressure on the cryptocurrency. Uniswap has to go up in order to get through the $4.5 barrier. The bullish enthusiasm faded as the $6.6 high was questioned. On October 2, a sizable bearish daily candle appeared, and the price began to decline. The slide completely shattered the previous support level of $4.5 After breaching the $4.0 support level, the price is now aggressively driving towards the $4.0 support level.

Trading of Uniswap below the two EMAs is a sign of a bearish trend. The $4.7 and $5.1 resistance levels might be broken if there is enough buying pressure to get through the $4.5 resistance level. The price levels at $3.5 and $3.1 will be tested if sellers are successful in pushing the price below the $4.0 support level. At level 43, the period 14 relative strength indicator creates a downward arch, signifying a sell.

UNI/USD Medium-term Trend: Bearish

The 4-hour Uniswap chart is in a negative trend. The coin was able to overcome many obstacles, including those with $4.7 and $4.5 price points. The price began to drop as soon as the sellers held the $4.5 barrier level. The price has dropped below $4.0 as a result of increased vendor pressure. Sellers control the Uniswap market at the moment.

Right now, sellers are driving price pressure. A sell signal is indicated by the negative trend of the relative strength index period 14 at level 40.

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