Uniswap (UNI/USD) Price Hits a Resistance at $25
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Uniswap Price Prediction – September 30
The UNI/USD price hits a resistance around the market level of $25 to trade around the $22 value line. The crypto-economic market’s price experiences a negative percentage rate of about 0.98. And that being a relative decline as of writing.
UNI/USD Market
Key Levels:
Resistance levels: $25, $28, $31
Support levels: $20, $18, $16
UNI/USD – Daily Chart
The UNI/USD daily chart depicts that the crypto-fiat economic market’s price hits a resistance around the trade line of $25. There has been an indication, signifying a slight-cut of downward interception between the SMA trend lines. As a result, the 14-day SMA indicator is underneath the 50-day SMA indicator. The bullish trend line is drawn beneath the SMAs to mark where the price tends to get pre-manifest support trading zone before the critical one at the lower level of $15. The Stochastic Oscillators have strived to move upward to the range of 80. That could mean that the crypto may go through the process of trading relaxation for a while.
Can the UNI/USD market breakout soon at the $25 level as the crypto-fiat currency pair price hits a resistance around it?
The breaking out of the UNI/USD market line at $25 may not achieve in the near time as the crypto-fiat currency pair price hits a resistance around it. There may still be several failing attempts to break past the point to the north side, especially while bulls tend to push with levity. The long-holding of buying positions is advised as the crypto market is in a stage of recovery.
On the downside of technical analysis, the point around $25 appears to be the best trading line that the UNI/USD market bears can potentially get a reliable price depression signal. However, late execution of sell order should be what short-position takers be wary of. Additionally, there is a need to pay much attention to price action that moves downward from a higher trading line before launching the sell order.
UNI/BTC Price Analysis
In comparison, it depicted that the UNI/BTC currency pair price hits a resistance at the touching of the bearish trend line drew over the SMAs. The 50-day SMA trend line is over the 14-day SMA trend line, with a smaller space, tearing them apart. The Stochastic Oscillators have moved into the overbought region, closing the lines not too far from the range of 80. That signifies the possibility of letting the base crypto experiencing a pause for a while as the flagship counter crypto may take advantage of that presumed trading situation if it prolongs than necessary.
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