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- 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
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%.
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.
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
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
