UNI/USD Struggles to Break Away From the $6.333 Price Level

The price of UNI/USD was rejected after it at the height of $6.725. Therefore, the price formed another resistance at $6.568. And since then the market entered into consolidation. In today’s market, the bulls are showing impressive market moves which waken our expectation for a more bullish performance in the market today.

 Uniswap Market Price Statistic:

• UNI/USD price now: $1.6840000
• UNI/USD market cap: $95,027,911
• UNI/USD circulating supply: 56,547,601
• UNI/USD total supply: 114,855,860
• UNI/USD coin market ranking: #191

Key Levels

• Resistance: $ 1.724823, $1.800000, $1.900000
•  Support: $1.5000000, $1.4500000, $1.400000

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Uniswap Market Price Analysis: The Indicators’ Point of View

The upper band of the Bollinger indicator is widening out. This is giving us the impression that the buying pressure in today’s market is increasing. And we should expect the price to attain greater height. The MACD line has crossed into the positive market zone of the indicator. However, the signal line (being a slower line) is still in the weaker market zone. More performances are expected from the buyers. The RSI line is now at 54.8%. And there is still room for more bullish performance.

Uniswap: UNI/USD 4-Hour Chart Outlook 

 The first two sessions of the market today are very bullish. But, the sellers are also very active, however, the buyers have the upper hand in the market. this bullish recovery started yesterday in the 16th hour and continues til the moment. The pink histograms are progressively moving into the positive zone. We should expect more bullish performance in the market today.

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