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Uniswap price analysis: Bullish momentum retains price above $23

Uniswap price analysis Bullish momentum retains price above after revival

TL;DR Breakdown

  • Uniswap price analysis shows the price is going high.
  • Price has increased up to $24.
  • Support is standing at the $19 level.

The Uniswap price analysis is showing bullish signals as the price increased up to $23.62 today. The circumstances are going evidently in the favor of the bulls, and there is a chance that the bulls will remain on a lead. The past week has seen certain ups and downs in the price movement as well, yet the bulls have succeeded in securing the upper position again.

UNI/USD 1-day price chart: Recent upturn allows the price to join $24 level

The 1-day Uniswap price analysis is going in the bullish direction as the price value has improved vividly. The bulls have been in the lead for the past few days, and today the situation has been in their favor again. The price has reached up to the $24 level which is an encouraging sign for the buyers. The moving average (MA) value is still lower than the current price i.e. $21.42 and is expected to go at a higher level in the future.

Uniswap price analysis: Bullish momentum retains price above $23 1
UNI/USD 1-day price chart. Source: TradingView

The volatility has increased today, which is a relatively negative indication for the future. The Bollinger band values are as follows; the upper value is at $27.33 while the lower value is now at $19 for the 1-day price chart. The Relative Strength Index (RSI) score has moved up to 51.23 as well because of the bullish trend.

Uniswap price analysis: Price hovers at $24 after bears postpone further growth

The 4-hours Uniswap price analysis shows that the bulls are trying to make a comeback after a definite loss. The price has declined to $23.2 after the bearish momentum took over the market. The price has been obstructed from reaching a further high as the bears have taken the lead momentarily. Moreover, the moving average value is found standing at $24.11, according to the latest statistics.

Uniswap price analysis: Bullish momentum retains price above $23 2
UNI/USD 4-hours price chart. Source: TradingView

The volatility has decreased in the last four hours which means that positive news is to be expected. Because of this reason, the upper value of the Bollinger band has moved down to the $24.42 level whereas the lower value has moved up to the $24 level. The RSI score has decreased to 56.3 as well because of the bearish pressure during the current hours.

Uniswap price analysis: Bullish momentum retains price above $23 3
UNI/USD technical indicators chart. Source: TradingView

As the UNI/USD price value has improved during the day, the technical indicators chart is going bullish as well. There are a total of 11 indicators sitting on the buying position, while nine are present on the neutral and six on the selling positions.

The moving averages indicator is giving bullish signals as well as more buying activity has been recorded today. There are nine indicators standing at the buying position, while only five indicators are present at the selling and one on the neutral positions. The Oscillators are going neutral for the day as there are eight oscillators on the neutral level, with only two on the buying and one oscillator on the selling positions.

Uniswap price analysis conclusion

The above 1-day and the 4-hours Uniswap price analysis is confirming the uptrend in price. The bulls are getting stronger and it is expected that the price will go up from $24 in the coming week as well. If the cryptocurrency succeeds in maintaining its support at $19, further chances of improvement are to follow. Although the price has decreased during the last 4-hours, the overall trend has been highly bullish.

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/or consultation with a qualified professional before making any investment decisions.
Arnold Kirimi

Arnold Kirimi

Arnold is a crypto and blockchain enthusiast. A communications expert with interest in hard-hitting journalism, he is always on the hunt for the latest events in the cryptocurrency world. He is inspired by what Bill Gates said, “Bitcoin is a technological tour de force.”

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