Market Cap
24h Vol
5650
Cryptocurrencies
40.54%
Bitcoin Share

Uniswap Technical Analysis: UNI Bulls Retesting a Critical Resistance Level

Uniswap Technical Analysis: UNI Bulls Retesting a Critical Resistance Level


Cryptoknowmics
2022-06-23 17:50:19

Uniswap is up 76 percent from 2022 lows. A high volume close above $5.8 may propel UNI to March 2022 highs in a bullish breakout formation. Past Performance of Uniswap Uniswap crypto prices are maintaining an upward trajectory when writing, retesting a critical resistance level. From the UNI token performance in the daily chart, buyers are in control, unwinding recent losses as prices print welcomed higher highs. At spot rates, Uniswap is up 17 percent against the USDT, BTC, and ETH in the past 24 hours. Uniswap Technical Analysis Uniswap token prices are up an impressive 76 percent after sinking to 2022 lows at $3.2. The coin is bottoming up and is currently retesting a critical liquidation level at $5.8. As bull bars ride the upper BB signaling growing momentum, traders may load the dips in anticipation of a refreshing close above this line. Even still, this week’s expansion is with comparatively low trading volumes questioning the strength of Uniswap buyers. Accordingly, bulls may wait for a clean break above $5.8 before loading with targets March 2022 lows at $8. What to Expect from UNI? Per the UNI technical analysis in the daily chart, buyers are in control. However, this preview will hold, and Uniswap prices will expand further if there is a comprehensive close above the immediate liquidation level at $5.8.The post Uniswap Technical Analysis: UNI Bulls Retesting a Critical Resistance Level appeared first on Cryptoknowmics-Crypto News and Media Platform.


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.