Price Analysis

Uniswap (UNI) Price Hints A 30% Surge This Month As Technical Indicator Turns Bullish?

The cryptocurrency market has recorded a strong bullish bounce back within the past day, resulting in top altcoins displaying a significant uptrend in their respective portfolios. This highlights increased bullish sentiment in the crypto space.

Positively, the UNI price has 15.92% within the past day and 1.73% over the past seven days. Furthermore, it has added 48.96% within the past 30 days and has a YTD return of 53.05%, indicating a positive outlook for the altcoin in the coming time.

UNI Coin Price Fails To Retest Its Upper Resistance Level:

The Uniswap price displayed a neutral trend by trading in a closed range between $6.920 and $8.40 for a brief period, indicating a weak price action for the altcoin in the crypto market.

TradingView: UNI/USDT

With a trading price of $11.085, a circulating supply of 599,957,295 UNI tokens, and a market cap of $6.650 Billion, the Uniswap price has secured the 19th position in the global crypto market list.

The technical indicator, MACD, displays a constant flatline in the 1D time frame. However, its averages show a bullish convergence, indicating a mixed sentiment in the crypto space.

Will UNI Crypto Go Up?

If the market pushes the price above the resistance level of $11.640, the bulls will regain momentum and prepare to test its upper resistance level of $13.510 this week. Maintaining the price at that level will set the stage for the UNI coin price to test its upper resistance level of $15.420 in the coming time.

Conversely, if the bears regain momentum, the price will test its support level of $9.90. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $8.40 during the upcoming weeks.

SOURCE

Leave a Comment

ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT ArT