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Uniswap (UNI/USD) Price Dominates Higher-Resistance Points

August 4, 2022

#Technical Analysis#UNI#UNI/BTC#UNI/USD#Uniswap

Uniswap Price Prediction – August 4
The UNI/USD market price dominates high-resistance points above the trading tools. There has been a situation where the price touched a high of around $9. The price percentage rate is about 1.54 negatives, trading around $8 as of writing.

UNI/USD Market
Key Levels:
Resistance levels: $10, $11, $12
Support levels: $7, $6, $5

UNI/USD – Daily Chart
The UNI/USD daily chart showcases the crypto-economic price dominates higher-resistance points on the buying signal side of the SMAs. It indicated that the 14-day SMA indicator has placed at $7.50, slightly over the 50-day SMA indicator, which is at $6.98. And those figures are approximated to two decimal places. The bullish trend line drawn alongside the smaller SMA to signify the bottom baseline price has kept to the upside direction. The Stochastic Oscillators have briefly crossed the lines to the northbound at the 40 range.

Will the UNI/USD price sustain above the trend lines of the SMAs’ trading levels?
Buying activities have been held in the UNI/USD market operations as the crypto-economic price dominates higher-resistance points above the SMA trend lines. Bulls needed to add efforts to push for a breakout at the $10 resistance level to create room for a high probability of sustaining strides in the crypto economy in the long-term run. Those value points ascertained by the reading of the SMAs should not be breached southbound so that the price won’t put itself a risk of losing afterward to the downside.

On the downside of the technical analysis, the UNI/USD market bears now have to focus on getting rejections underneath the resistance level at $10. The market might need to take a while to garner its energy closely below or around the value line before it would regain control of the crypto economy.

UNI/BTC Price Analysis
Uniswap is pushing firmly and steadily to some reasonable extent against Bitcoin to the upside. The cryptocurrency pair price dominates higher-resistance points above the SMAs. The 14-day SMA indicator is above the 50-day SMA indicator. The Stochastic Oscillators have initially moved southbound toward the range of 40. But, they have crossed northbound from the range spot to indicate the base crypto is attempting to further its upward pushes against its counter-driven trading crypto.

Note: 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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