The UNI was on a bearish slide as bears decreased the price from $10.5 to $8.2 during the last week, as the trend remained downwards for the entire week.
UNI found support and is covering range upwards, and the price has been recovered up to $8.52, which is a good achievement in a current bearish market.
The next resistance for UNI is present at $8.9, where selling pressure is expected to kick in again. The trading volume has increased by 21 percent over the last day, which has resulted in price recovery and an increase in market cap by 3.7 percent.
The 24 hours Uniswap price analysis shows an increase in price today after a continuous week of bearish practice. Overall, UNI is at a loss of 17.8 percent over the entire last week. Generally, the entire month proved unfruitful for the crypto asset as it saw a substantial loss with very few increments in coin value. However, today’s trend is upwards, and the coin reports an increase of 3.4 percent in price as the price has recovered to $8.5 today.
The volatility has been high, and the Bollinger bands are expanded, with the upper band present at the $10.7 mark and the lower band present at the $7.9 mark. The average of Bollinger bands is at the $9.32 level. The moving average is at the $9.28 mark below the SMA 50. The relative strength index is trading in the lower half of the neutral zone at index 38 but is now on an upward trend.
The 1-day Uniswap price analysis is indicating bullish signs for the cryptocurrency, as overall, the crypto market is recovering today so is UNI. We expect UNI to continue upside for the next 12 hours to retest the $8.9 resistance.
UNI found support and is covering range upwards, and the price has been recovered up to $8.52, which is a good achievement in a current bearish market.
The next resistance for UNI is present at $8.9, where selling pressure is expected to kick in again. The trading volume has increased by 21 percent over the last day, which has resulted in price recovery and an increase in market cap by 3.7 percent.
The 24 hours Uniswap price analysis shows an increase in price today after a continuous week of bearish practice. Overall, UNI is at a loss of 17.8 percent over the entire last week. Generally, the entire month proved unfruitful for the crypto asset as it saw a substantial loss with very few increments in coin value. However, today’s trend is upwards, and the coin reports an increase of 3.4 percent in price as the price has recovered to $8.5 today.
The volatility has been high, and the Bollinger bands are expanded, with the upper band present at the $10.7 mark and the lower band present at the $7.9 mark. The average of Bollinger bands is at the $9.32 level. The moving average is at the $9.28 mark below the SMA 50. The relative strength index is trading in the lower half of the neutral zone at index 38 but is now on an upward trend.
The 1-day Uniswap price analysis is indicating bullish signs for the cryptocurrency, as overall, the crypto market is recovering today so is UNI. We expect UNI to continue upside for the next 12 hours to retest the $8.9 resistance.