Uniswap (UNI/USD) Price Dumps Abruptly From $6.50
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UniswapPrice Prediction – April 20
The UNI/USD price dumps abruptly from $6.50 to a low below $6 as the lower support zone remains the pivotal support line, given that the market is presently trading around $5.9133533 at a positive percentage rate of 1.31, the lower-trading point is determined to be $5.8290642. There could be more losses to the downside toward the $5.50 support line in the subsequent sessions.
UNI/USD Market
Key Levels:
Resistance levels: $6.50, $7, $7.50
Support levels: $5.50, $5, $4.50
UNI/USD – Daily Chart
The UNI/USD daily chart reveals the crypto-economic price dumps abruptly from the resistance axis of $6.50 through some supports. Given that it is currently trading even below the 50-day SMA indicator, the 14-day SMA indicator may now be used as a barrier to protect the post-trading sessions. The Stochastic Oscillators have crossed southbound to catch on at 52.71 and 35.48 levels, indicating that a lowly-key trading motion is ongoing.
Will the UNI/USD trade rebound and keep the moves past the $6.50 resistance?
It might still require a lot of time before a rebound could take place in the UNI/USD trade as the price dumps abruptly from the $6.50 resistance level. If the velocity on the dumping motion doesn’t get intensive, the moves may attempt to move downward to an average $5.50 support trading spot in the long run. Long-position takers would have to keep stable with their longing positions even if the market will still go further to find a baseline.
On the declining side of the technical analysis, even as there has been a path to the southward side, much may not achieve should bears push more to decimate some of the crypto market’s points around the $6 line because their maximal lower line may not come to play beyond the support of $5.50 in the course. The current lowering outlook lacks the myth worthy of placing an order alongside to avoid bears’ whipsaw-trading moment in no time.
UNI/BTC Price Analysis
In comparison, Uniswap, at this point, possesses low energy to potentially resist any possible force that Bitcoin could pose any time from now as it lacks the psychological outlook to support upsurges. The 14-day SMA trend line is underneath the 50-day SMA trend line. And they are both pointing southward over the trading candlesticks. The Stochastic Oscillators have crossed southbound at 83.91 and 79.15 levels. To indicate the base crypto is at risk of debasing against the counter-trading crypto economy.
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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