- Uniswap price prediction suggests the token’s consolidation phase over the daily price chart.
- UNI crypto has slipped below 20, 50, 100 and 200-days Daily Moving Average.
- The pair of UNI/BTC is at 0.0003421 BTC with an intraday drop of 2.62%.
Uniswap price prediction confirms the downtrend momentum of UNI cryptocurrency inside the consolidation phase. The token must escape the short-sellers clutch as it has been falling from the last four consecutive trading sessions over the daily price chart. UNI bulls need to accumulate themselves for the token to surge over the daily price chart. UNI investors need to wait for any directional change over the daily chart. Buyers need to come forward to reverse the token’s current momentum.
UNI’s market value decreased by 3.41% yesterday, and its projected price is at $5.82. However, during the intraday trading session, trade volume jumped by 77.35%. This suggests that buyers are attempting to counteract the current UNI crypto trend.
Uniswap price prediction also showcases that the token has slipped below 20, 50, 100 and 200-days Daily Moving Average due to the low trade volume from the last few trading sessions. Meanwhile, volume change can be seen below average and needs to grow for UNI crypto to witness any strong movement over the daily price chart. However, the token has been constant in between the price range of $5.15 and $6.60.
This Indicator Suggests the Continuation of Fall of the Uniswap Price?
Unsiwap price need to reverse the current downtrend momentum to surge back towards the upper price range of the consolidation phase. However, technical indicators suggest the continuation of downtrend momentum for UNI cryptocurrency.
Relative Strength Index showcases the downtrend momentum of UNI coin. RSI is at 46 and is slumping towards oversold territory leaving neutrality. MACD exhibits the degrading momentum of UNI coin. The MACD line is about to cross the signal line for a negative crossover. UNI investors need to observe closely to the daily price chart to look for a sudden price change of UNI coin.
Conclusion
Uniswap price prediction confirms the downtrend momentum of UNI cryptocurrency inside the consolidation phase. The token must escape the short-sellers clutch as it has been falling from the last four consecutive trading sessions over the daily price chart. UNI bulls need to accumulate themselves for the token to surge over the daily price chart. Meanwhile, volume change can be seen below average and needs to grow for UNI crypto to witness any strong movement over the daily price chart. The MACD line is about to cross the signal line for a negative crossover. UNI investors need to observe closely to the daily price chart to look for a sudden price change of UNI coin.
Technical Levels
Support Levels: $5.50 and $5.15
Resistance Levels: $6.30 and $6.60
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2022/12/12/uniswap-price-prediction-when-will-uni-crypto-escape-this-consolidation-phase/