Uniswap (UNI/USD) Market Oscillates at $25
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Uniswap Price Prediction – October 14
It is now on the UNI/USD financial book of records that the crypto market oscillates around the level of $25. The crypto-fiat currency pair witnesses a percentage rate of about 0.80 to trade around $24. It appears that the market is somewhat struggling to push northward.
UNI/USD Market
Key Levels:
Resistance levels: $28, $31, $34
Support levels: $21, $19, $17
UNI/USD – Daily Chart
The UNI/USD daily chart shows that the market oscillates around the level of $25. On October 12, a bearish candlestick emerged to test a lower point close to the bullish trend line. The 14-day SMA trend line has conjoined with the 50-day SMA trend line. The Stochastic Oscillators have crossed the lines northbound from the range of 20. It is now indicated that price is getting set for northward swing movements.
Which direction will the UNI/USD price go next as the market oscillates around $25?
There have been indefinite price directions in the UNI/USD business operations as the crypto market oscillates around the level of $25. The market level at $20 appears as the main support line that bulls would be building up muscles to push northward. While that assumption materializes, traders taking long positions should ensure that the price does not reverse quickly against the value line earlier mentioned.
On the downside, it appears that the momentum to the downward isn’t much weighty to let the bears capitalize upon for a long time. As a result, their short position takers needed to be cautious of re-opening their presence underneath the $20 market level. It would be technically ideal that traders should pay more attention to finding decent buying entries.
UNI/BTC Price Analysis
In comparison, Uniswap trending capability is down as placed with that of Bitcoin’s. The base crypto has been depressed by the counter crypto to an oversold trading situation. The 50-day SMA trend line is above the 14-day SMA trend line as the bearish trend line is over them. The Stochastic Oscillators have dipped into the oversold region. And they now attempt to cross the lines northbound around the range of zero. That suggests that the base crypto may soon regain its lost trending catalyst as paired with the counter crypto.
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