Uniswap(UNI):Uniswap Made An All Time High of $12.89;Retracing Back To Lower Levels

  • Uniswap Coin finally projects positive retracement and made an all time high of $12.89
  • Uniswap coin price today is $12.56; with a gain of 23% in the last 24 hours and 38.13% gain from last week
  • The UNI/BTC pair performs positive with an overall gain of 0.8%, gravitating the present level to 0.00037225 BTC
Source :Trading view

After making an all-time high of $12.89 on today, the Coin Price projects a retracement. The UNI/BTC pair broke resistance of 0.0003088 and marked bullish momentum with a soar in value of 0.46%.It is now heading to all time high.

Uniswap Technical Analysis

The weekly technical chart of Uniswap highlights the ‘Bulls on Hunt’ in today’s trading session. The UNI coin current price is $12.58; with a resistance of $13.25, and support of $9.4. The price is above  50 days Exponential Moving Average (EMA). The 50-EMA red line at $6.23 making a temporary support. As UNI coin price has made a bullish engulfing pattern in the last trading session, a further upward correction can be anticipated. The volume of uni has seen a whooping gain of 108.49% and the market capitalization booms by 23.71%.

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MACD (Bearish): The levels showcase a positive crossover signal in the previous trading session. The MACD indicator reflects bullish momentum in coin; making the Uni Swap price surge.Though, a slight correction in the coin price can be anticipated.

RSI (Bullish ): It is trading with a value of 76.56; indicates that the coin is bullish. An upward slope observed in the RSI Index showcasing Uniswap coin price may surge in the next few trading days.

Source :Trading view

Conclusion

Uniswap showcases a bullish momentum and reached a all time high. Furthermore, UNI/BTC pair is also showcasing a positive moment and can reach a all time high.Investors should be careful while investing as it can retrace back to its lower levels.

Technical Levels:

Major Support:$9.4

Major Resistance:$13.25

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Adarsh Singhhttp://www.thecoinrepublic.com
Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.

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