Uniswap (UNI/USD) Price Keeps Hovering at $25
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Uniswap Price Prediction – November 4
The UNI/USD price keeps hovering at $25 as the crypto-economic market is yet to make the best use of upward momentum indicators readings over a couple of several weeks’ sessions. Price witnesses a trading value-line around $26, as of writing, at a smaller negative percentage rate of about 0.13.
UNI/USD Market
Key Levels:
Resistance levels: $28, $32, $36
Support levels: $23, $21, $19
UNI/USD – Daily Chart
The UNI/USD daily chart showcases that the crypto’s price keeps hovering at the $25 level as the SMA indicators are around the market’s value line. The 14-day SMA trend line is above the 50-day SMA trend line, separated by a tiny space. The bullish trend line drew underneath them to give a supportive posture to the trading indicators. The Stochastic Oscillators are lightly swerving the lines northbound, reaching the range at 80. It appears that the market isn’t pushing higher for profits.
What trend does the UNI/USD market actually in as price keeps hovering at $25?
The UNI/USD market, over a couple of sessions back, has been mainly featuring in range-bound zones of $25 and $30. The lower range value-line has been the support for the market while price ties to make a downswing. A sudden breakdown at the lower range trading zone, may for a while, allow some lower support levels to see a break-through motion that will give back a better chance to re-set a baseline for swing highs afterward.
On the downside, the UNI/USD market bears could look out for a sign of price motion exhaustion at a higher trading spot around $30, a higher range line to consider a sell order. In the process of doing just that, sell positioning orders needed to exert with levity to avoid undue re-emergence of an unprecedented trading event that could lead to a shoot-up around that spot.
UNI/BTC Price Analysis
Comparing the trending capability between Uniswap and Bitcoin, the base crypto is still being prevailed upon by the flagship counter crypto until the present. The 14-day SMA trend line is underneath the 50-day SMA trend line. The bearish trend line drew alongside the smaller SMA indicator, playing a resistance backing role. The Stochastic Oscillators are around the range of 80. And they now seemingly are trying to close the lines. That suggests that the base crypto may either push less upward or relax its trending outlook as paired with the counter crypto.
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