Uniswap (UNI/USD) Price Demonstrates Trading at Low Paces
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Uniswap Price Prediction – May 11
Less-active forces have been between the market buyers and sellers in the UNI/USD market operations over time as the crypto-economic price demonstrates trading at low paces with a minute negative percentage rate of 0.23. All those activities concerning that financial report has capped between $5.2008046 and $5.0921686 lines. It appears that buying positions will still undergo a downward shift in its valuation as the $5.50 line could remain a firm barrier-trading spot against securing sustainable ups in the following days to witness.
UNI/USD Market
Key Levels:
Resistance levels: $6, $6.50, $7
Support levels: $4.50, $4, $3.50
UNI/USD – Daily Chart
The UNI/USD daily chart showcases the crypto-economic price demonstrates trading at low paces below the SMA trend lines. The 50-day SMA indicator is at $5.8931079 point above the $5.4621926 line of the 14-day SMA indicator. The Stochastic Oscillators are around the 20, trying to cross northbound at 20.72 and 30.25 levels. Yesterday’s session produced a bullish candlestick, bottoming around the $5 level, giving birth to a buy wall if not decimated by the end of today’s trade operation.
Which zones constitute a treat to getting sustainable up-rises to the current pushes in the UNI/USD trade?
Trading zones around the 14-day and 50-day SMAs will potentially stand against any further smooth upward risings in the UNI/USD market operations in the long run as the crypto-economic price demonstrates trading at low paces. Any related decision made, like buying or investing at this point, would have to leave to run for a long time until the bullish trade cycle has to come forth before cashing in profits.
On the decreasing-moving direction of the technical analysis, a closure point of viewing from the technical outlook reveals that a pit stop may play out soon in the crypto economy. And that could cause the US Dollar to gain some points back to $5 if unchecked by bulls. That said, the actual resistance-trading line has drawn to be around $6. A fearful breakout of the value line is not to materialize in the near time.
UNI/BTC Price Analysis
Uniswap’s pushing force against Bitcoin has almost reached a critical capacity of losing momentum, observing that the pairing crypto market demonstrates trading at low paces underneath the bearish-trending path of the smaller SMA. There is a separating space between the 50-day SMA and the 14-day SMA indicators. The Stochastic Oscillators have traveled northbound, maintaining stances between 69.59 and 82.20. It shows the base crypto has a lessened velocity to complete under a critical resistance-trading setting.
Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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