Uniswap price is pulling back
Uniswap Price Analysis – 07 March
If buying pressure continues above $15.4, the resistance levels at $17.0 and $18.2 might be destroyed. If sellers successfully drive Uniswap below the $12.7 support level, the price levels of $11.4 and $10.1 will be tested.
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
Uniswap’s daily chart demonstrates a definite bullish trend. On February 6th, the cryptocurrency tested the $5.6 support level. After bears held the previously specified level, the price increased. The cost of cryptocurrency has increased within the last four days. The market was driven northward by customers. A large, robust daily bullish candle appeared on February 23 March 6. The price then tested the $15.4 barrier level. The price is currently fluctuating between $15.4 and $12.7 levels.
The fact that Uniswap trades above the Hull Suite indicates a favorable trend. If buying pressure continues above $15.4, the resistance levels at $17.0 and $18.2 might be completely destroyed. If sellers successfully drive the price below the $12.7 support level, the price levels of $11.4 and $10.1 will be tested. A purchase crypto signal is indicated when the QQE MOD Crypto signals indicator is green and above the zero level.
UNI/USD Medium-term Trend: Bullish
The 4-hour chart of Uniswap shows rising movement. As soon as the buyers kept the $7.4 barrier level in place, the price started to climb. Four days ago, after several projects, some with price values as high as $11.4, were completed, the high of $8.2 and $1.0.1 was broken higher. This resulted from increased buyer pressure. Tests are done at the $15.4 resistance level as buyers’ enthusiasm picks up. The price is now inclining since bulls are clinging to the previously indicated level.
The price is currently pulling back to retest the dynamic support level. There is market volatility in Uniswap. The positive QQE MOD indicator histogram indicates a buying position.
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