Uniswap price analysis: UNI breaks past $5.90 as bulls charge toward $6.00

Uniswap price analysis

TL;DR Breakdown

  • Uniswap price analysis shows a bullish trend
  • UNI/USD is facing resistance at $6.03
  • Support for UNI/USD is present at $5.73

Uniswap price analysis is giving us strong bullish signals for the day. The bullish tide has been very strong as the price levels are rising at a frequent and regular rate. The price is present at the $5.90 level which is quite an accomplishment for the buyers. Further advancement from the bullish side is to be expected as the support is stabilized below the $5.73 level.

The UNI/USD has gained significant bullish momentum, breaking past the $5.70 level, after an increase of over 1.68 percent in the past 24 hours. The bulls are charging ahead, pushing the price of UNI higher and higher as we move closer to $6.03. Strong resistance is expected at this level, so it will be interesting to see how the market reacts to this major event.

UNI/USD 1-day price chart: Bulls overcome bears after being grounded for a while

The given one-day price chart for Uniswap price analysis is depicting cryptocurrency value as going in a bullish direction. The day has been quite supportive for the buyers as more and more green candlesticks are securing their positions on the price chart. The price levels are rising slowly and right now the price value has reached the $5.90 level which is an appreciable recovery. The bulls are progressing at a very slow pace as the moving average (MA) is still ahead of the current price i.e. at $5.90.

image 316
UNI/USD 1-day price chart. Source: TradingView

The volatility, on the other hand, has which should be a matter of concern for the bulls. The upper value of the Bollinger band is now $7.87 and its lower value is now present at the $4.95 mark. Lastly, the Relative Strength Index (RSI) score has also undergone slight improvement but it is now at 46.37 points.

Uniswap price analysis: Bullish pressure results in a higher price near $641

The 4 hours Uniswap price analysis shows that the bars have been quite high for the bulls today. The circumstances have been highly favorable for the bulls for the past several hours as the bulls are dedicated to crossing the $6.03 resistance. So far their journey has been impressive as they have taken the UNI price value to $5.90. The 4-hours price chart is also showing the moving average to be at $5.85, and the Bollinger bands average to be $5.92.

image 315
UNI/USD 4-hours price chart. Source: TradingView

As the volatility is continually increasing, the upper Bollinger band value has gone up to $6.39, and its lower band has moved down to $5.60, during the past four hours. As the chances have been high for the bulls, the RSI index has also increased as a result and is now placed at 46.88 positions.

Uniswap price analysis conclusion

The given Uniswap price analysis is declaring that the bulls are leading at the front position, as the price has undergone significant recovery today as well. The past week has been very supportive towards the buyers’ side and the same trend has followed for today as well. Thus, the UNI price has been raised and is now present at the $5.90 mark.

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.
Joel Oluwatobi

Joel Oluwatobi

Joel is a Blockchain enthusiast who has been active in the blockchain sector since 2016. He enjoys talking about blockchain and its implications for the future of humanity.He loves content and creating features on cryptocurrency.

Related News

Hot Stories

Cardano price analysis: ADA falls to $0.3800 support, what is next for the crypto?
TRON Academy Sponsors Princeton Blockchain Club and Partners with TRON Climate Initiative
Is Solana Dead? SOL Resurrects at 114%
Filecoin price analysis: FIL shows bearish at $5.12 as selling pressure intensifies
Bitcoin sells at a 60% premium in Nigeria as the government shifts to a cashless policy

Follow Us

Industry News

Bitcoin sells at a 60% premium in Nigeria as the government shifts to a cashless policy
China's step towards cryptocurrency regulations
Read why Floki Inu supply is set to decrease by 4.2 trillion FLOKI tokens
Chinese central bank former exec explains why China is wary of crypto
Binance burns 16m worth of BNB tokens; transitions from the ERC20 version of BNB to BEP2

Add Your Heading Text Here