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UNI/USD bullish for the next 24 hours

TL;DR breakdown

  • Uniswap price analysis indicates an upward trend
  • Resistance is preset at $10.50
  • Uniswap prices are likely to surge above $10.0
Uniswap price analysis: UNI/USD bullish for the next 24 hours 1
Cryptocurrency Prices Heatmap, Source: Coin360

Uniswap price analysis confirms firm bullish momentum for UNI/USD which will break higher than the $10 barrier. The pair has been gradually rising for the past few days with buyers managing to keep control of the $9.50 level. This suggests that buyers are in control and could soon push the pair above $10. The next key resistance level to watch is $10.50 followed by $11.00.

If UNI/USD can surpass these levels, there might be more upward movement towards the $12.00 level. Conversely, a break below $9.50 could see the pair pull back towards $9.00.

UNI/USD price analysis on 1-day price chart: The bulls appear to have a firm grip on the Uniswap price action

The UNI/USD price action on the daily chart is suggesting bullish momentum for the Uniswap price. The bulls were in control and they were able to push the price above the $9.50 level. The UNI/USD pair has ranged from $9.00 to $11.50 on the daily chart. The trading volume has gradually increased and is now at $576,686,340.03, up 233.68 percent. This suggests that the bulls are in control and could soon push the price above $11.00. On the other hand, if the bears take over, Uniswap price could drop below $9.00 and find support near $8.50. Overall, Uniswap currently dominates 0.39 in the overall digital asset market and ranks 22nd.

Technical indicators on the 1-day chart show the MACD line above the signal line, which is a bullish sign. The RSI stands at 51.54 which suggests the bulls are in control but not oversold yet. This suggests that the price can still escalate higher. Bollinger Bands are indicating an uptrend for Uniswap prices and are not stretching towards the $10.5 resistance price. The stochastic indicator stands at 78.48, which indicates that the price is in overbought territory but could still rise. All in all, UNI/USD prices have assumed an upward trend on the 1-day chart and it might see another rise in Uniswap prices in the next few days.

Uniswap price analysis: UNI/USD bullish for the next 24 hours 2
UNI/USD 1-day price chart, source: TradingView

UNI/USD 4 hour chart analysis: A bullish divergence is in place indicating the buyers are in control

According to the 4-hours chart analysis, the UNI/USD pair is showing a strong bullish divergence with the price making lower lows while the RSI is making higher lows. This suggests that buyers are in control and could push the pair above $10 in the near term. Technical indicators are all biased bullish with the MACD line above the signal line and the RSI at 57.54.

The EMAs are all pointing up, suggesting that the price is in an uptrend. The Bollinger Bands are also tending to be bullish, with price rising and relatively little market volatility as the Bollinger Bands are not fully stretched. The stochastics indicator stands at 73.48, which indicates that the UNI/USD pair is in the overbought territory but could still move higher.

Uniswap Price Analysis: UNI/USD bullish for the next 24 hours 3
UNI/USD 4 hour price chart, Source: TradingView

Conclusion of the Uniswap price analysis

According to Uniswap price analysis, bullish winds are blowing on UNI/USD. Uniswap’s current uptrend was reportedly observed in the previous analysis, giving the bulls a great opportunity to invest in the market. The indicators are all signaling a buy for UNI/USD and since the price is at a good entry point, it would be a better idea to go long at this point.

The information provided is not trading advice. Cryptopolitan.com is not liable for any investments made based on the information provided on this page. We strongly recommend independent research and/or advice from a qualified professional before making any investment decisions

https://www.cryptopolitan.com/uniswap-price-analysis2022-03-04/ UNI/USD bullish for the next 24 hours

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