- Uniswap performed a positive momentum on Thursday’s trading session
- Uniswap price is $20.06, which is up by 4.13% in the last 24-hour time-frame and 46.31% up from the previous week
- UNI/BTC pair is positive with a gain of 2.25% in Thursday’s trading session (0.00053669)
Uniswap had positive momentum on the weekly chart, and it went up to $21.51 on February 04, 2021, while breaking above the resistance zones created in the past. UNI price set a mark of an all-time high 9-hours ago. Meanwhile, the trading volume of $1,290,068,934 in the last 24-hour time-frame represents a decrease in the value of 9.38%. The UNI/ETH pair is in a downtrend with a value of (0.01238) which is up by 4.03% in Thursday’s trading session.
Uniswap Technical Chart Indicates a Positive Momentum
The technical chart of Uniswap highlights a positive trend. In contrast, The Uniswap price is at $20.06. According to pivot points, the critical support level for UNI is placed at $12.70. Whereas if it moves up, the key resistance levels to watch are $20.24 and $22.57. While diving into the weekly chart of 15-minute time-frame, it completes an homing pigeon candlestick pattern, indicating the bulls have overwhelmed the bears and are now in control.
Volume indicator with the value (62.105K) reflects a moderate selling volume in coin. Investors can further expect an decrease in selling volume in the upcoming trading sessions.
SMA-200, price is at $10.06, which acts as another strong support in the coin. The price is above the SMA, and investors can expect a bullish trend in the coin.
MACD indicator (Bearish), no bullish crossover signal line spotted on February 04, 2021, indicated a sell signal in the coin during the trading session. Also, it denotes the end of red bars on Histogram.
Meanwhile, the RSI indicator (Bullish) with a value of 63.16 indicates a buy signal in the coin. One can observe an increase in value in upcoming trading sessions.
Conclusion
Uniswap price is up by 4.13% on Thursday’s trading session. The price is above the SMA of $10.06 and testing the resistance level of $20.24, investors may expect the price move towards the next resistance of $22.57. All technical indicators suggest a buy signal in the coin.
Resistance: $20.24, $22.57
Support: $12.70
