Uniswap (UNIUSD) Price Soars to $9.5 Resistance Level

Buyers dominates Uniswap market

Uniswap Price Analysis – 07 November

If buying pressure returns at $8.28, it may break through resistance levels at $9.5 and test the $10.1 to $11.9 levels. Sellers might attempt to reevaluate the $8.2 and $7.9 levels if they can break through the $8.8 support level.

UNI/USD Market

Key Levels:

Resistance levels: $9.5, $10.1, $11.9

Support levels: $8.8, $8.2, $7.9

UNI/USD Long-term Trend: Bullish

The Uniswap daily chart unquestionably shows a bullish reversal indicator. On September 5, it was anticipated that the currency would test the $6.5 support level before rising to the $7.9 resistance level. When the price dropped to $6.5, bears held onto their market. The price of cryptocurrency has increased to $7.2 in the last two weeks. Following that, it began to rise and tested the $7.9 resistance level. After withdrawing, it probed the $6.8 zone once again.
Yesterday, buyers followed the previous directive. The market soared and tested the resistance level of $9.5.

An upward trend is shown by Uniswap’s trading above the Hull Suite indicator for cryptocurrency signals. If buying pressure returns at $8.28, it may break through resistance levels at $9.5 and test the $10.1 to $11.9 levels. Sellers might attempt to reevaluate the $8.2 and $7.9 levels if they can break through the $8.8 support level.

UNI/USD Medium-term Trend: Bullish

Uniswap’s 4-hour chart indicates an increasing trend. As soon as the sellers kept control of the $6.8 barrier level, price drops started. When the main job was finished a few days ago, prices were as low as $6.5. When retailers increased the pressure on their customers, this is what transpired. Prices climb at the previously mentioned level as buyers grow more nervous, as the bulls surged, so did the Uniswap . Now, though, it has risen and overcome the $8.8 barrier, indicating a positive trend.

At the moment, the price has crossed over the dynamic support level. In Uniswap, the market is volatile. A positive QQE MOD signal histogram indicates a purchase position.

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