Uniswap (UNI/USD) Price Reverses Valuation at $20
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xUniswap Price Prediction – December 30
The UNI/USD market price reverses valuation at $20 after hitting resistance around the value line. The market now swings closely around $17 and $16 trading levels at a smaller positive percentage rate of 1.11.
UNI/USD Market
Key Levels:
Resistance levels: $20, $23, $26
Support levels: $14, $12, $10
UNI/USD – Daily Chart
The UNI/USD daily trading chart reveals that the crypto-economic price reverses valuation at a $20 resistance level. There has been a set of smaller top bearish candlesticks denoting a start in the downward return of the market activities. The bearish channel trend lines are placed under the current trading zone and the SMAs. The 50-day SMA trend line is above the 14-day SMA trend line. The Stochastic Oscillators have crossed the lines southbound from the overbought region, slightly across the range of 80. That signifies some downturns are in the offing presently.
UNI/USD price reverses valuation at $20; will the situation intensify in the subsequent sessions?
To some reasonable technical trading view, the UNI/USD market may intensify in the subsequent sessions as the crypto-economic price reverses valuation at $20. It’s most likely the market will push downward back to retest some of the previous support points before deeming it fit to surge northward again. Support level around $14 will be the main focus pivotal point in the long run of the downing motion.
The downside technical analysis has is that as the UNI/USD market has hit resistance around $20, bears would have to hold their stances firm to deepen down the crypto’s price valuation for some time under any trading pattern toward achieving lower points. A quick touching at the $16 level may in no time lead into a rebound which allows the trade to get a re-positioning up-stride formation after a while.
UNI/BTC Price Analysis
In comparison, Uniswap appears, striving to regain its long-lost momentums to Bitcoin in the crypto-economic business operations. A bearish candlestick has emerged beneath the trend line of the bigger SMA to show the cryptocurrency price reverses valuation after hitting resistance. The Stochastic Oscillators are in the overbought region, trying to cross toward the range of 80. It indicates that the base crypto tends to lose positions to the flagship counter crypto.
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