Uniswap Is In A Steady Uptrend And Is Targeting The High Of $7.77

Feb 05, 2023 at 08:30 // Price
Coin Idol
The price of Uniswap is still rising

The price of Uniswap (UNI) is still rising. The cryptocurrency's price is experiencing a series of higher highs and higher lows.

Uniswap price long term forecast: bullish

UNI rose to a high of $7.52 on February 2 before falling back below $7.20. The altcoin drops back above existing support and then continues to rise. If buyers manage to break through the current resistance level, UNI will revisit its previous high of $7.77. Bullish momentum could continue to the $9.50 and $9.00 highs. If the price breaks the 21-day line SMA to the downside, UNI could fall. The altcoin will fall to a low of $6.00.

Uniswap indicator display

UNI is in an uptrend and could continue to rise. The Relative Strength Index for the 14 period is 63 and the moving average lines are above the price bars, which makes the altcoin rise. The crossover is bullish for UNI. This is the case when the SMA for the 21-day line crosses the 50-day line, which signals a buy order. 

UNIUSD(Daily Chart) - February 4.23.jpg

Technical indicators:

Key resistance levels - $18.00 and $20.00

Key support levels - $8.00 and $6.00

What is the next direction for Uniswap?

Uniswap's price is on the rise. Buyers have maintained upward momentum since January 14. If the resistance at $7.50 is broken, UNI will resume its upward direction. The altcoin is rising at the moment.

UNIUSD(4Hour Chart) -0 February 4.23.jpg

Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coin Idol. Readers should do their own research before investing in funds.

Show comments(0 comments)