Today’s Uniswap price analysis indicates a positive day for the currency, as UNI/USD continues to surge above yesterday’s closing price of $23.6742. But how far would it be able to go? The bulls are presently in full swing and may be able to break over the $27.611 resistance level set on September 16th, 2021.
Today’s crypto market has a positive sentiment, as seen by the crypto heat map. Ethereum and Bitcoin, for example, have increased by 5.09 percent and 0.47 percent, respectively. Altcoins are following in the footsteps of Bitcoin.
The 1-day Uniswap price analysis graph may be more appealing since it provides a clear image of the market’s direction. The RSI line’s rising trend indicates that the bulls are poised to drive the market higher.
At the same time, the MACD histograms are far above zero and rising, with no signs of a crossing shortly. As a result, based on this larger picture, the next several hours are also anticipated to be positive. The 1-hour and 4-hour graphs, on the other hand, will provide more specific forecasts.
Uniswap’s 24-hour price movement
Uniswap has traded between $25.202 and $26.956 in the previous 24 hours. The coin has been on the rise for quite some time now, with a continuous upward trend. The bears, on the other hand, have already begun to gain traction. However, the RSI line stays steady at 67, indicating that the bulls continue to have the upper hand.
In addition, the currency is trading above the EMA level, and the EMA line is trending upward. As a result, there is a good likelihood that the price will continue to rise. However, because EMA signals are frequently delayed, they should not be used as the primary indicator.
In the last 24 hours, the trading volume of UNI/USD has decreased by 9.40 percent. As a result, it is presently ranked 12th in terms of market capitalization.
4-hour Uniswap pricing graph – Is a downturn in the upcoming period likely?
According to the 4-hour Uniswap price analysis, a downturn may be on the way in the next few hours. First, the bears have dragged the price down in the current timeframe. Second, at the same time, the RSI’s trajectory has changed dramatically, with values decreasing from 53.02 to 48.45.
The RSI line’s negative gradient suggests that investors are rushing in to sell. UNI/USD may have finished its current course. After a few hours of volatility around the $26.8 level, a sharp drop is expected.
For the most part, the UNI/USD has stayed positive today. The 1-hour graph and the 4-hour Uniswap price analysis, on the other hand, show negative trends. The market may be poised to move from here, so now is not the greatest moment to make a short-term investment.