UNI worth began a contemporary enhance above the $9.50 resistance. Uniswap is exhibiting constructive indicators and would possibly eye extra upsides above the $10.00 resistance.
- UNI began a contemporary enhance above the $9.50 resistance zone.
- The worth is buying and selling above $9.60 and the 100-hourly easy transferring common.
- There is a key bearish pattern line forming with resistance close to $10.15 on the hourly chart of the UNI/USD pair (information supply from Kraken).
- The pair would possibly intention for extra upside if there’s a clear transfer above the $10.20 resistance.
UNI Price Holds Support
After forming a base above the $8.75 stage, Uniswap began a contemporary enhance like Bitcoin and Ethereum. UNI worth gained tempo for a transfer above the $9.20 and $9.50 resistance ranges.
The worth even cleared the $10.00 resistance zone. A excessive was shaped at $10.32 earlier than the value began a draw back correction. There was a drop beneath the $10.00 stage and the 23.6% Fib retracement stage of the upward transfer from the $8.72 swing low to the $10.32 excessive.
UNI remains to be buying and selling above $9.50 and the 100-hourly easy transferring common. Immediate resistance is close to the $10.00 stage. The subsequent key resistance is close to the $10.20 stage. There can also be a key bearish pattern line forming with resistance close to $10.15 on the hourly chart of the UNI/USD pair.
An in depth above the $10.20 stage might open the doorways for extra features within the close to time period. The subsequent key resistance might be close to $10.65, above which the bulls are prone to intention a take a look at of the $11.50 stage. Any extra features would possibly ship UNI towards $12.00.
Are Dips Limited In Uniswap?
If UNI worth fails to climb above $10.00 or $10.20, it might slowly transfer down. The first main help is close to the $9.50 stage or the 50% Fib retracement stage of the upward transfer from the $8.72 swing low to the $10.32 excessive.
The subsequent main help is close to the $9.35 stage. A draw back break beneath the $9.35 help would possibly open the doorways for a push towards $9.00.
Technical Indicators
Hourly MACD – The MACD for UNI/USD is shedding momentum within the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for UNI/USD is above the 50 stage.
Major Support Levels – $9.50, $9.35, and $9.00.
Major Resistance Levels – $10.00, $10.20, and $10.65.
