Uniswap (UNI/USD) Averages the $20 Support
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Uniswap Price Prediction – June 17
Over a couple of trading days’ sessions, the UNI/USD market transactions have concentrated featuring majorly around the $25 and $20 in way of range moving style. Price now trades around the value of $22 at a rate of about 3.76 percent.
UNI/USD Market
Key Levels:
Resistance levels: $25, $30, $35
Support levels: $20, $15, $10
UNI/USD – Daily Chart
The UNI/USD daily chart now has it that the crypto market operation pushes on lighter note ups and downs to depict a kind of sideway trading outlook underneath the indicators. In attestation to that, the bearish trend-line drew downward across the SMA trend-lines to place on the current trading spot of the market. The 50-day SMA indicator has been intercepted by the 14-day SMA trend-line to the south. The Stochastic Oscillators have moved from the oversold region to close the lines slightly in an attempt to re-open to possibly suggest a northbound direction.
Will the UNI/USD trade find pushing past the $25 resistance harder in the next session?
As the market level of $25 has now become the key trading arena of the trading activities that have been occurring between Uniswap and the US Dollar, it appears that it may be difficult to get to see price easily breaking past the point in the near time. Meanwhile, a reversal of a downward move around the immediate support level of $20 will provide better decency in opening a buy order while that happens.
The position that the Stochastic Oscillators now maintain somewhat portends that there may be a pause in the market’s movement near below the upper range zone at the $25 level. On the contrary, a bullish candlestick is in the making in its smaller outlook against the bearish trend-line from underneath. If that eventually leads the market level back to the immediate resistance zone, bears needed to resist by pulling down the value. Failure to have that at that spot means more upsides will potentially gain the grand.
UNI/BTC Price Analysis
Comparing how trending outlook between Uniswap and Bitcoin is. The base crypto seems to be under a losing outfit to the flagship counter crypto. There has been a line of lower low formation of variant candlesticks to characterize a range moving manner that is currently ongoing in the market below the bigger SMA. The 14-day SMA trend-line has slightly bent southward over the 50-day SMA indicator. The Stochastic Oscillators are in the oversold region with conjoined lines to move in a consolidation method to affirm that a downward force is relatively going on in the trending pace involving UNI and BTC as of writing.
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