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Uniswap price analysis: UNI sets eyes on $11.6

UNI

TL;DR Breakdown

  • Unieswap price analysis is bullish today
  • The strongest resistance is present at $14.8.
  • Trading price of Uniswap is $11.4 today.

Uniswap price analysis reveals that the market is currently following a massive fluctuating movement below the $11.6 mark but is likely to decrease as the market starts to show bearish potential. UNI/USD continued to significantly incline following its fall to $11.1 on February 5, 2022, where the price went from $11.9 to $11.1. However, the cryptocurrency started to stabilize the next day, on February 6, 2022, showing solid bullish momentum; the price fluctuated while falling on the increasing side.

Today, the cryptocurrency’s price shows massive bullish momentum and tries to reach higher highs, climbing for the $11.6 mark. The current price of UNI/USD is $11.4, with a trading volume of $215,367,394. UNI has been down 0.96% in the last 24-hours. UNI currently ranks #24 with a live market cap of $7,216,389,655.

UNI/USD 4-hour price analysis: Recent updates

The Uniswap price analysis indicates that market volatility follows an increasing trend, leading the market to open the squeeze, making Uniswap prices more vulnerable to volatile changes on either extreme. The upper limit of the Bollinger’s band is available at $12, which acts as the most substantial resistance for UNI. The lower limit for the Bollinger’s band is available at $10, which serves as another point of resistance rather than support for UNI.

The UNI/USD price appears to be crossing under the curve of the Moving Average, signifying a bearish trend. Furthermore, the UNI/USD price path seems to be moving linearly, representing stable dynamics.

Uniswap price analysis: UNI sets eyes on $11.6 1
UNI/USD 4-hour price chart source: TradingView

The Uniswap price analysis reveals that the Relative Strength Index (RSI) is 57, meaning UNI/USD is stable and falls in the upper neutral region. The RSI score appears to be following a slight upwards movement signifying an increasing market. The RSI score increases because the buying activity exceeds the selling activity.

Uniswap Price Analysis for 1-day: Market closes

According to the Uniswap price analysis, market volatility follows a trend in decline which means Uniswap prices are becoming less vulnerable to volatile changes. The upper limit of the Bollinger’s band is available at $14.8, which acts as the strongest resistance for UNI. Conversely, the lower limit for the Bollinger’s band is available at $8.4, which serves as the strongest support for UNI.

The UNI/USD price appears to be crossing over the curve of the Moving Average, indicating a bullish trend. However, the price path traces an upwards movement towards the resistance band. As the volatility declines, it may point towards the bulls’ consistency, but the price and Moving Average appear to move simultaneously in the same direction.

Uniswap price analysis: UNI sets eyes on $11.6 2
UNI/USD 1-day price chart source: TradingView

The Uniswap price analysis reveals that the Relative Strength Index (RSI) is 42, signifying the cryptocurrency entering the upper neutral domain, signifying Uniswap’s exit from the undervalued region. Furthermore, the RSI appears to be following an upward path, indicating an increase in the values of UNI and movement towards stability. This also signifies that the buying activity is dominant in the market.

Uniswap Price Analysis Conclusion

In conclusion, the Uniswap price analysis deduces that the bulls currently control the market. The bulls show massive potential and might raise the price of UNI to a significant degree. The bulls gain substantial control on the market as the bears prepare their schemes to reclaim the market.

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.

Narmin

Narmin

Narmin is a passionate fintech writer and blockchain enthusiast backed by extensive experience in psychology and statistics.

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