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UNI

Uniswap UNI price price is accelerating, how long will it last?It seems that in early June, the UNIUSDT price did manage to break out of the prolonged downward trend. Well, we're keeping our fingers crossed that buyers will be able to accelerate the growth even more. Buyers have a "difficult path" ahead of them, as there are strong liquid zones above, where there will be many people willing to sell their UNI, which is lying around in their crypto portfolio and weighing it down with its price drop. The first critical level from above is $7.50. This is where the first "serious struggle" between buyers and sellers will begin. The outcome of the battle will determine which route the UNIUSD price will take next - white or blue. One way or another, the medium-term target, where we believe the price of the Uniswap token will sooner or later reach, is in the range of $12.25-13 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
25
UNIUSDT: Potential Trend Reversal Amidst Breakout and Bounce.💎Recently, #UNIUSDT successfully broke out of the descending channel and surpassed the supply zone, confirming a shift in market dynamics. Subsequently, the price underwent a correction and achieved a clean bounce off the 61.8% Fibonacci support level, indicating a potential shift in the trend from bearish to bullish. 💎Currently, #UNI is positioned within the demand zone, which serves as a crucial starting point for the next upward swing and potentially significant price increase. To assess the potential upside, we turn to the Volume Profile and Fibonacci indicators, which highlight three key resistance levels to monitor. The nearest resistance lies approximately 20% above the demand level, while the final resistance is situated around 35% higher. 💎However, the realization of these gains hinges on the avoidance of a new lower low, specifically, a daily close below the critical support level at $4.74. It is important to note that the market may enter a consolidation phase, characterized by range-trading, lasting for another week or longer. While the probability favors an eventual upside move, Paradise Club Members must remain patient.
Long
by MyCryptoParadise
✴️ Uniswap Clear Bottom Signal, Long-Term Higher LowOk... Let me explain my thinking to you, my dear friend, behind this chart. ✔️ Fundamental analysis Uniswap is a DEX and that's a point in favor. Since all the CEX are under attack, people are starting to appreciate the benefits of DEX but that's not all, the chart is what really matters because fundamentals can be good and prices go down, fundamentals can be bad and prices go up; It is more based on market cycle rather than everything else. But being a DEX is a point in favor specially in 2023 now that the Cryptocurrency market is 14 years old and growing. Many people have experience and love to diversify, for security, for protection, for ease and peace of mind. Great choice, this is wise. ✔️ Technical analysis The bottom signal is absolutely clear in June 2022 with the Inverse Head & Shoulders, or simply three drops before a recovery takes place. Fast forward 1 year, the biggest attack in the history of Cryptocurrency and Uniswap produces a strong red candle 10-June and starts to recover right away. In the past we had this complex recovery pattern, in the present we get a simple "v shape". The law of alternation once more. We have multiple days green, straight up and a year long higher low. Last year the June bounce lead to 193%. Since we have a higher low in place, this time it can be better. I want to buy this one with a bunch of X... If you can do it, make a plan and go ahead. Namaste.
CRYPTO:UNIUSDLong
by AlanSantana
2
UNI Price Trends and Potential Support/Resistance LevelsUNI has experienced significant growth and its price has reached the $6 range. However, based on the Relative Strength Index (RSI), there is currently a downward trend in the price. It is worth noting that the price is still above the 100 and 50 Exponential Moving Averages (EMA), indicating a relatively strong position. If UNI manages to surpass the $6 range with strong momentum, it has the potential to climb towards the $7 resistance level. On the other hand, the support area around $5.6, which coincides with the 0.5 Fibonacci retracement level, holds crucial importance. If this support level is breached, it could lead to a decline towards the $5 support level. Additionally, it is worth considering the trend line as another potential support level.
by MonoCoinSignal
8
UNI Uniswap Double Bottom on a Falling WedgeIf you haven`t sold UNI when Apple blocked Uniswap Labs’ mobile crypto wallet: Then you should know that UNI (Uniswap) has recently formed a double bottom pattern within a falling wedge, indicating a potential bullish reversal in the near term. The double bottom pattern is characterized by two distinct lows at approximately the same level, followed by a potential breakout to the upside. When combined with the falling wedge, this pattern suggests a convergence of support levels and diminishing selling pressure. Considering the formation of the double bottom on the falling wedge, UNI could be poised for a potential price target of $5.70. This target represents the projected upside that could be achieved if the pattern unfolds as expected. Looking forward to read your opinion about it!
Long
by TopgOptions
UNI’s Downward Trend and Potential Bullish ReversalDue to ongoing sales pressure in the market, UNI experienced a downward trend and reached the support level of $3.62. This support level coincides with the 0.5 Fibonacci level on the monthly time frame, indicating a strong demand area. Additionally, there is a potential formation of a double bottom pattern on the monthly chart. If more than 50% of last week's bearish candlestick is recovered and a strong bullish candlestick forms this week, it suggests the possibility of changing the trend to a bullish state. Currently, the price is back within the descending channel, but with the emergence of demand, it could potentially rise towards the first target, the midline. However, breaking the resistance at $5 is crucial to escape the descending channel. Such a rapid turnaround may influence the trend for a period of time.
by MonoCoinSignal
15
UNI 22% upside incoming ?!! 💎 #Uni has shattered its long-standing support level and the lower limit of a triangle formation, indicating a likely extension of the bearish trend 📉 However, there's a crucial element to take into account. The price discovered support on the descending trend line, coupled with a bullish divergence on the MACD indicator, hinting at a possible rebound 🔼 We're looking at two potential scenarios: 1️⃣ A consistent drop following the breach of the last low 2️⃣ A pullback to the trend line prior to recommencing the downward trajectory Remember, ParadiseFamilyVIPs, in the ever-evolving crypto landscape, staying informed and adaptable is key. Stay tuned for more updates and happy trading!
CRYPTOCAP:TOTAL2Short
by MyCryptoParadise_Simon
Downtrend Alert: UNIUSDT Falls Below Key Support Level💎 Yesterday, #UNIUSDT experienced a significant break below a long-term support level, which also coincided with the bottom of a triangle formation. This break signals a continuation of the long-term downtrend, although there are several important factors to consider. 💎 After the triangle break, the price found support at the downtrend trendline, accompanied by a bullish divergence on the MACD indicator. These factors suggest the possibility of either a strong or a small pullback to the upside. However, it's important to note that the break below the triangle formation is a bearish signal, indicating that the downtrend is likely to continue. 💎 Currently, we outline two potential scenarios for the downtrend's development. The first scenario is a break below the recent low, followed by a consistent drop in price. The second scenario involves a pullback, potentially reaching the downtrend trendline, before the downtrend resumes. 💎 To change the overall trend, #UNI would need to break above the long-term resistance level. Only then would we consider a strong bullish case. 💎 Our ParadiseClub members can rely on us to monitor these developments closely and provide timely updates on any significant changes.
Short
by MyCryptoParadise
UNIUSDT.1WHello dear friends, *Mars Signals Team wishes you high profits* This is a time frame analysis for UNI USDT.1W We are in weekly time frame. As you can see, the price fluctuates close to the static support zone and several times the price has been able to move the price upwards in this range, currently we are seeing doji candles and the market is suffering, we expect it to be able to once again After hitting the weekly support zone, it can be supported and start moving towards our daily resistance line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
Price Declines and Formation of PatternsThe price exhibited negative reactions when encountering resistance within the $6.50 range, resulting in a sharp decline that broke the lower boundary of its triangle pattern. Over the given time frame, the currency's price has been confined within a range channel. This downward trend persisted, leading the price to reach the support range of $4.68 to $4.90. Notably, the previously identified support level of $5.20 to $5.50 has transformed into a formidable resistance level, prompting a strong negative response. Consequently, a new range channel has emerged, characterized by a lower range compared to the previous one. Furthermore, there is a possibility of a double bottom pattern forming at a significant support level, although confirmation of this pattern would require a breakout above the $5.60 resistance. Simultaneously, an observation of a descending channel on the 4-hour chart implies that a breakthrough of the channel's upper boundary could signify a potential shift in trend, leading to price growth. In terms of technical indicators, the Relative Strength Index (RSI) currently stands at 46. The RSI is a tool used to assess the strength and momentum of a price trend. With the RSI at 46, it indicates a moderately balanced market, where buying and selling pressures are relatively equal. This reading suggests that the price has experienced some downward movement but is not yet considered oversold. As a result, traders and analysts may interpret this RSI level as a neutral signal, implying a potential continuation of the current trend without any extreme buying or selling signals.
by MonoCoinSignal
7
#Uniswap in a Bear Flag, UNI May Lose $5Past Performance of Uniswap Uniswap is within a broader, multi-month consolidation. Following recent losses, UNI remains under pressure but continues to trend above the all-important support of around $5. Clear from the daily chart, the trend is shaped by the Bull Run from June to August 2022. However, since buyers are unconfirmed, this has given way for sellers to take charge. #Uniswap Technical Analysis UNI has support at around HKEX:5 , flashing with March 2023 lows. The local resistance is at $5.7. The immediate trend is bearish, and the recent recovery resulted in a bear flag in a trend shaped by the slip from April 19. Traders can look to ride the trend, shorting on every recovery below $5.7, expecting more losses below last week's lows at HKEX:5 towards $4.7. This forecast will be null once UNI expands above $5.7, preferably with growing volumes. What to Expect from #UNI? UNI is down 30% from 2023 highs and remains within a broader consolidation. Critical support is at $5. If this level is lost, the token may drop to June 2022 lows in the long term in a bear trend continuation formation. Resistance level to watch out for: $5.7 Support level to watch out for: HKEX:5 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer