Uniswap (UNIUSD) Price: Will There Be a Price Breakout at $6.7 Level?

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


The bulls may take over the Uniswap market soon

Uniswap Price Analysis – 15 December

Further increase in the sellers’ momentum may break down the support level of $5.7, this may decrease Uniswap to $5.1 and $4.5 support levels. The inability to break down the support level of $5.7, may increase price to $6.7, $7.2 and $7.9 price levels.

UNI/USD Market

Key Levels:

Resistance levels: $6.7, $7.2, $7.9

Support levels: $5.7, $5.1, $4.5

UNI/USD Long-term Trend: Ranging

Uniswap is ranging on the long-term outlook. Two weeks ago, Uniswap price could not break down the support level of $5.1. A bullish engulfing candle pattern formed at the mentioned level.  The price increases and break up the resistance level of $5.7. It was aiming at the resistance level of $6.7. The buyers lose momentum and the price pulls back and retested the dynamic support level. The sellers’ pressure is not enough to push down the price below the $5.7 level. At the moment, the price is consolidating around the dynamic support levels.

Uniswap is crossing the two EMAs downside, trading below the two dynamic support levels which is an indication of bearish momentum. The fast-moving average (9-periods EMA) is crossing the slow-moving average (21-periods EMA) downside. Further increase in the sellers’ momentum may break down the support level of $5.7, this may decrease the price to $5.1 and $4.5 support levels. The inability to break down the support level of $5.7, may increase price to $6.7, $7.2, and $7.9 price levels. The Relative Strength Index is bending down at 47 levels indicating bearish momentum.

 

UNI/USD Medium-term Trend: Ranging

On the 4-hour chart, Uniswap is ranging. Crypto was on a bullish movement in the last two weeks. The resistance level of $6.7 was tested. The buyers were unable to break up the just-mentioned level. The pressure of the sellers is equally low. The price started a ranging movement within the resistance level of $6.7 and the support level of $5.7.

 Uniswap is hovering around the 9-periods EMA and 21-periods EMA, and the Relative Strength Index period 14 is at 40 levels bending down to indicate a sell 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.