Uniswap (UNIUSD) Price: Weak Bullish and Bearish Momentum, Consolidation May Continue

Updated:

Checkmark

Service for copy trading.

Checkmark

High profitable signals.

Checkmark

24/7 cryptocurrency trading.

Checkmark

10 minute setup with significant benefits.

Checkmark

79% Success rate.

Checkmark

Up to 40 trades per month.

Checkmark

Monthly subscriptions begin at £58.


Uniswap Price Analysis – March 03

The price may not continue a bearish trend if the support level of $9.72 holds, it will increase towards the resistance level of $13.87, $19.79 and $22.86 levels. More pressure from the bears will target and break down the $9.72 support level and decline to $6.81 and $4.01.

UNI/USD Market

Key Levels:

Resistance levels: $13.87, $19.79, $22.86

Support levels: $9.72, $6.81, $4.01

UNI/USD Long-term Trend: Bearish

Uniswap is bearish on the long-term outlook. The coin has been on the bearish trend for more than three weeks. It is trading within the downward channel. The crypto is yet to break out of the channel. Last week, there was no significant movement as the price is consolidating around the support level of $9.72.

Daily.png 7
Daily.png 7

Uniswap is trading below the 9 periods EMA and 21 periods EMA at close range which is an indication of weak bearish and bullish pressure. The fast moving average (9 periods EMA) remains below the slow moving average (21 periods EMA) with air gap between the two. The price may not continue a bearish trend if the support level of $9.72 holds, it will increase towards the resistance level of $13.87, $19.79 and $22.86 levels. More pressure from the bears will target and break down the $9.72 support level and decline to $6.81 and $4.01.

UNI/USD Medium-term Trend: Ranging

Uniswap is ranging on the 4-hour chart. The crypto is on the ranging zone within the $13.87 and $9.72 levels. There was a partial bearish breakout at $9.72 level last week but the bears interrupted the movement and the price returns to the ranging zone.

4hour chart.png
4hour chart.png

Uniswap is trading around the 9 periods EMA and 21 periods EMA as an indication of a ranging market. The relative strength index period 14 is at 51 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
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 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.