HomeAltcoinsUniswap price analysis: UNI breaks past $5.90 as bulls charge toward $6.00

Uniswap price analysis: UNI breaks past $5.90 as bulls charge toward $6.00

-


Uniswap price analysis is giving us strong bullish signals for the day. The bullish tide has been very strong as the price levels are rising at a frequent and regular rate. The price is present at the $5.90 level which is quite an accomplishment for the buyers. Further advancement from the bullish side is to be expected as the support is stabilized below the $5.73 level.

The UNI/USD has gained significant bullish momentum, breaking past the $5.70 level, after an increase of over 1.68 percent in the past 24 hours. The bulls are charging ahead, pushing the price of UNI higher and higher as we move closer to $6.03. Strong resistance is expected at this level, so it will be interesting to see how the market reacts to this major event.

UNI/USD 1-day price chart: Bulls overcome bears after being grounded for a while

The given one-day price chart for Uniswap price analysis is depicting cryptocurrency value as going in a bullish direction. The day has been quite supportive for the buyers as more and more green candlesticks are securing their positions on the price chart. The price levels are rising slowly and right now the price value has reached the $5.90 level which is an appreciable recovery. The bulls are progressing at a very slow pace as the moving average (MA) is still ahead of the current price i.e. at $5.90.

Uniswap price analysis: UNI breaks past $5.90 as bulls charge toward $6.00
UNI/USD 1-day price chart. Source: TradingView

The volatility, on the other hand, has which should be a matter of concern for the bulls. The upper value of the Bollinger band is now $7.87 and its lower value is now present at the $4.95 mark. Lastly, the Relative Strength Index (RSI) score has also undergone slight improvement but it is now at 46.37 points.

Uniswap price analysis: Bullish pressure results in a higher price near $641

The 4 hours Uniswap price analysis shows that the bars have been quite high for the bulls today. The circumstances have been highly favorable for the bulls for the past several hours as the bulls are dedicated to crossing the $6.03 resistance. So far their journey has been impressive as they have taken the UNI price value to $5.90. The 4-hours price chart is also showing the moving average to be at $5.85, and the Bollinger bands average to be $5.92.

Uniswap price analysis: UNI breaks past $5.90 as bulls charge toward $6.00
UNI/USD 4-hours price chart. Source: TradingView

As the volatility is continually increasing, the upper Bollinger band value has gone up to $6.39, and its lower band has moved down to $5.60, during the past four hours. As the chances have been high for the bulls, the RSI index has also increased as a result and is now placed at 46.88 positions.

Uniswap price analysis conclusion

The given Uniswap price analysis is declaring that the bulls are leading at the front position, as the price has undergone significant recovery today as well. The past week has been very supportive towards the buyers’ side and the same trend has followed for today as well. Thus, the UNI price has been raised and is now present at the $5.90 mark.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

FTX reportedly used Alameda’s bank accounts to process customer funds

Former FTX CEO Sam Bankman-Fried, in a conversation with Vox admitted to using Alameda’s banking facilities for FTX user deposits. The FTX...

First US State where you can no longer mine crypto: Law Decoded, Nov. 21-28

New York governor Kathy Hochul signed the moratorium, prohibiting any new mining operations that aren’t based on 100% renewable energy. The state of...

National Bank of Ukraine releases draft concept for digital hryvnia

One of the design options for the Ukrainian CBDC describes the e-hryvnia available for usage in crypto exchange operations. The National Bank...

Litecoin price analysis: Positive Streak Poised to Continue as LTC surge 6.56%

Litecoin price analysis shows rising signs as the market shows massive upside potential. The bulls have regained their control of the Litecoin market, which...

Most Popular

spot_img