TL;DR Breakdown
- Our Uniswap price analysis is bullish today.
- Uniswap hit a 24-hour high of $28.285 today.
- The market is seemingly stable with a possibility of small bearish intervals.
- Eventually, the price will fall after bulls get exhausted.
- Not the best time for short term profits as the tables can turn any moment.
Our Uniswap price analysis reveals that the coin is bullish today, with a 24-hour high of $28.285. Just like yesterday, Uniswap is maintaining its bullish momentum and continues to get pushed higher.
Overall, the crypto market is staying bullish today. However, Bitcoin price is marking a slight decrease of 0.92% as compared to yesterday. On the other hand, most of the altcoins are bullish.
A quick look at the 1-day chart reveals a better picture. First, the RSI lines rapidly rise with the current levels set at 58.87, indicating a slightly overbought market. Also, histograms on the Uniswap MACD analysis are green, with fewer chances of the lines crossing over. So, a bullish momentum can be expected for the coming intervals.
Uniswap 24-hour price movement
The last 24 hours have been quite interesting, as the coin jumped to a high of $28.285 after a crossover was observed on the MACD analysis at the end of the 7th hour. From there, the bulls pushed the price further to $28.285, where Uniswap set a new resistance before eventually stabilizing around the $27.7 mark.
Overall, Uniswap trades between $26.54 and $27.78 (comparing the prices 24 hours apart). Furthermore, the market cap of Uniswap is $14,434,033,172 today, with a volume to market cap ratio of 0.024, leaving the coin on the 14th rank.
The 1-hour Uniswap price analysis chart shows the MACD lines closing in together with a reduction in the strength of the histograms. The Uniswap market can take a slightly bearish course for a few hours before stabilizing again.
Uniswap 4-hour chart: High hopes in the bigger picture
Unlike the 1-hour chart, our Uniswap price analysis of the 4-hour chart gives us good hope in a more oversized time frame. The RSI line is currently at 66.14, which suggests that the bulls have higher control. Also, the MACD analysis gives a good indication of a further increase in the price.
Overall, the Uniswap market has taken a bullish course after setting support at the $25.374 mark on the 24th of October 2021. After that, Uniswap retraced back to $26.8 before taking another giant leap today. Over the next few hours, the market is expected to remain somewhat stable before an inevitable fall.
Uniswap price analysis: Conclusion
Currently, the bulls have more control over the market, and hence, the market is somewhat stable for the next 24 hours. However, small bearish periods might be observed in between based on what our 1-hour Uniswap price analysis indicates.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and consultation with a qualified professional before making any investment decisions.
