Uniswap, which is a ethereum-based cryptocurrency exchange, has been in a downtrend for the past several days. The price of Uniswap has been declining since it reached a high of 0.007700 on June 18. The price of Uniswap has been declining for the past two days and is currently trading at 0.006194.
Thanks for reading! Today I will be performing an uniswap price analysis, and I hope you find it useful.
Uniswap, a new cryptocurrency exchange, is live on the web and will be launching on iOS and Android within the next week. Its innovative decentralized trading model and near-zero fee structure has made it a highly-anticipated project, and its first few days have confirmed this. Since yesterday, the price of Uniswap has increased by nearly 10 percent, with strong bullish pressure at $0.0422. It remains to be seen if Uniswap can sustain such gains over the next few weeks, or if it will find support at $0.0260.. Read more about uniswap price prediction 2030 and let us know what you think.Summary of the situation
- UNI has retested the $20.50 level.
- The next resistance is at $25.
- The maximum swing for the breakout is $29.5.
The Uniswap price analysis is bullish for today as the market has made no progress over the past 24 hours and has tested support at $20.50 for the third time in a week. Therefore, we expect UNI to move higher next week and break through the $25 level to a high above $29.50. Crypto-currency heat map. Source: Coin360 Overall, the market has seen mixed results over the past 24 hours. Bitcoin rose 3.3 percent, while Ethereum fell nearly 1 percent. The rest of the altcoin market follows this pattern of mixed results.
Uniswap price fluctuations in the last 24 hours
The UNI/USD pair traded in a range of $20.52 to $21.91, indicating moderate volatility. Trading volume fell 43.93% to $243.9 billion. At the same time, the total value of the market is $12.3 billion, putting the cryptocurrency in 10th place.
4-Hour chart UNI/USD – UNI regains support at $20.5
On the 4-hour chart we see that the price of Uniswap tested the $20.5 support level again and failed to break through, suggesting that we will see an upward push early next week. Chart 4 hours UNI/USD. Source: TradingView Overall market sentiment has been bearish over the past few days as the market slowly pulled back from the previous high of $29.5. After a sharp decline in late May, UNI retested the $29.5 resistance level and turned lower. Earlier in the week, Uniswap’s price climbed quickly to $20.5, where the 50-61.8 Fibonacci retracement is located. Thus, the UNI/USD is currently trading in a very good zone to open a long position. If there is no further decline overnight, we can expect UNI/USD to start an upward move next week with the first resistance at $25. After that, the price action structure in the market will become bullish again. Once UNI breaks through the $29.5 barrier, we expect further price increases in the coming weeks.
Uniswap Price Analysis: Supplement
The Uniswap price analysis is bullish now that the market has tested the $20.5 support level for the third time and is now gearing up for a further rise. This should allow the ETV/USD to make a new high above $29.5 next week. Waiting for more Uniswap price action on how to cash out bitcoins, buy bitcoin stocks and trade bitcoins. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.Uniswap, a decentralized cryptocurrency exchange launched in mid-2017, has been a popular choice for traders since launch. It is currently ranked as the second largest decentralized cryptocurrency exchange by trading volume, and one of the few that accepts US customers, with a 4.5/5 rating on Google Play. Uniswap allows users to trade cryptocurrency pairs, such as Bitcoin (BTC) and Ethereum (ETH), against each other, or against a range of fiat currencies.. Read more about grayscale vechain and let us know what you think.
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