Uniswap (UNI/USD) Rallies from the $15 Support
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Uniswap Price Prediction – June 24
In the recent past session, the UNI/USD market operation declined briefly past the support of $15. Currently, the crypto trades at the level of $17 at a percentage rate of about -0.44.
UNI/USD Market
Key Levels:
Resistance levels: $20, $25, $30
Support levels: $15, $10, $5
UNI/USD – Daily Chart
On the UNI/USD daily chart, it is depicted that the crypto’s price rallies from the lowly support level of $15. About a few candlesticks are being converged around the point with much promising of beefing capacity that could be in favor of upsides. The bearish trend-line drew southward across the SMA trend lines to get positioned upon the immediate resistance level of $20. The 14-day SMA is located underneath the 50-day SMA indicator. The Stochastic Oscillators are with crossed lines pointing northbound at range 20. That signifies that some degrees of north-moves are in the offing.
Could the level of $15 be a strong baseline for the UNI/USD price swinging up zone?
Having seen the declining nature of the UNI/USD in the worst trading situation previously around the market level of $15 has reliably raised the signal in support of the upsides mostly from that spot. Price may not hurriedly swing further upward away from the value as well. But, the obtainable fact remains in support of potentially getting a rise in the valuation of the crypto’s trading stance pairing with the US currency.
Talking about the downside of this crypto economy as at the present, bears may have to suspend their re-launching of a sell order for a while. Meanwhile, a line of lower lows may feature around the points $20 and $15 at a later session. Traders are enjoined to await active moves of the price to take place before joining the market to the north side. A pull-down coupled with a reversal would be giving a better buy entry from around the lower value.
UNI/BTC Price Analysis
The trending weight between Uniswap and Bitcoin as shown on the price analysis chart portends that the base crypto has been in a losing position to the counter cryptocurrency. The 14-day SMA trend-line has bent southward to touch the 50-day SMA indicator on its buy signal side. An interception of the bigger SMA by the smaller SMA to the down will most probably signify a further loss of trending postures to the flagship counter trading instrument. The Stochastic Oscillators had once moved in a consolidation manner to now slightly swerve northbound closely underneath the range level of 40. That signifies that the base trading tool is somewhat preparing the grand to regain its lost catalyst pairing with the counter instrument at a later time.
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