Uniswap Price Analysis is Bullish Today. Resistance for UNI is at $6.94. Support for UNI/USD sits at $6.03
The Uniswap price analysis is shaking today as the price action of the coin continues, and we expect that something more difficult will follow after the break above $ 6.57. Soon, UNI will test the resistance of $6.94 after covering the range of $6.03-$6.94. Market pressure will appear at this level, and bulls will need some energy to break; even correction is out of the question. If UNI manages to break above the resistance level of $6.94, the bulls will start their journey towards $7.00.
UNI/USD One-day Price Chart: Uniswap Bulls Found Support at $6.03
The 1-day price chart for Uniswap price analysis shows that the price continues to rise as the increase continues throughout the day with some bearish moments. As a result, the price of UNI / USD rose to $ 6.57 at the time of writing although, again today, the price of the break is near the bottom, but the bulls removed the downward pressure. UNI has gained 7.27% in the last 24 hours.
The trading volume increased by 82.95% and the market capitalization increased by 7.51%, resulting in a market share of 0.48%. Volatility is high as the Bollinger Bands indicator widens, with a high at $6.39 and a low at $4.66. The relative strength index (RSI) rose to 57.12 after a sharp decline, indicating a buy. The 50 moving average (MA) is at $6.39 and the 200 MA is at $6.61; this shows a clear improvement.
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Uniswap Price Analysis: Recent Developments and Other Highlights
The 4-hour price chart for the Uniswap price analysis shows that the bulls dominated the chart for the past 24 hours today while giving advantage to the bears. The bull has shown a very good progress, and the general trend is for today, and the same thing was seen in the last four hours, as the current price reaches $ 6.57. The moving average is currently at $6.33, above the $6.30 mark.
Volatility has increased on the 4-hour chart due to the previous downtrend, therefore the Bollinger Bands cover a larger area. The upper Bollinger Band is present at $6.72, the lower Bollinger Band is at $5.48. The RSI signal rose again after breaking the undersold territory yesterday as most of the bulls took the lead today; RSI changed to 68.33.
Uniswap Price Analysis Conclusion
Uniswap price analysis shows that UNI has finally found support after a three-day bearish decline. The price rose as much as $6.57 after a strong effort today. We expect UNI to test further, showing a higher level above $6.94 later today as the bulls move higher.
