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Uniswap price analysis: UNI starts to gain value at $8.99

UNI

TL;DR Breakdown

  • Unieswap price analysis is bearish today
  • The strongest resistance is present at $11.4.
  • The trading price of Uniswap is $8.99 today.

Uniswap price analysis reveals that the market is currently following a massive fluctuating movement below the $9.1 mark but is likely to increase as the market starts to show bullish potential. As a result, UNI/USD continued to significantly incline following its fall to $8.72 on April 21, 2022, where the price went from $9.68 to $8.72. However, the cryptocurrency started to stabilize the next day, on April 22, 2022, showing solid bullish momentum; the price fluctuated while falling on the increasing side.

Today, the cryptocurrency’s price shows massive increasing momentum and is trying to reach higher highs, climbing to the $9.0 mark. The current price of UNI/USD is $8.99, with a trading volume of $271,261,163. UNI has been down 5.49% in the last 24-hours. UNI currently ranks #25 with a live market cap of $6,213,433,232.

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 $9.7, which acts as the most substantial resistance for UNI. The lower limit for the Bollinger’s band is available at $8.8, 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 downward, representing declining dynamics and movement toward the support. If the price and support meeting, the market will be broken, and a reversal will be imminent.

Uniswap price analysis: UNI starts to gain value at $8.99 1
UNI/USD 4-hour price chart source: TradingView

The Uniswap price analysis reveals that the Relative Strength Index (RSI) is 41, meaning UNI/USD is stable and falls in the lower neutral region. The RSI score appears to be following a linear movement signifying a stable market. The RSI score remains constant because the buying activity equals 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 $11.4, which acts as the strongest resistance for UNI. Conversely, the lower limit for the Bollinger’s band is available at $8.2, which serves as the strongest support for UNI.

The UNI/USD price appears to be crossing under the curve of the Moving Average, indicating a bearish trend. However, the price path traces a downward movement towards the support band. As the volatility declines, it may point toward the bears’ consistency, but the price and Moving Average appear to move simultaneously in the same direction.

Uniswap price analysis: UNI starts to gain value at $8.99 2
UNI/USD 1-day price chart source: TradingView

The Uniswap price analysis reveals that the Relative Strength Index (RSI) is 41, signifying the cryptocurrency entering the lower 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 bears currently control the market. However, the bulls show massive potential and might raise the price of UNI to a significant degree once they come into action again. The bulls gain substantial momentum in the market as the bears prepare their schemes to maintain their market control.

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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