UNI In Trouble? Key Indicators Cites Potential Drop Amid Market Downturn

Uniswap (UNI), a prominent decentralized exchange token, is bracing for further declines as the broader cryptocurrency market experiences a significant downturn. Recent market trends indicate a continuation of bearish momentum, which has impacted UNI’s price negatively.  Several factors, including macroeconomic uncertainties, regulatory pressures, and shifts in investor sentiment, are contributing to this extended downtrend. As Uniswap’s price breaks key support levels, the likelihood of additional losses increases. This article delves into UNI’s price analysis with the help of technical indicators to determine the anticipated decline and provide insights into what traders and investors might expect in the coming days. The price of Uniswap has increased by 4.60%, trading at about $9.873 in the last 24 hours, with a market capitalization of more than $5.9 billion and a trading volume of more than $356 million as of the time of writing. UNIs market cap and trading volume were also up by 4.28% and 19.98%, respectively. UNI Builds Bearish Sentiment On the 1-hour chart, UNI is attempting to move below the 100-day Simple Moving Average (SMA) as it has failed to move above the bearish trendline. It can be suggested here that Uniswap might go bearish. The 1-hour Composite Trend Oscillator also signals that the price of UNI might break below the 100-day SMA and go bearish as both the signal line and SMA crossed and are heading toward the zero line. From this Relative Strength Index (RSI) formation, it can be considered that UNI might go bearish if it moves below the 100-day SMA. Meanwhile, in the 4-hour chart, UNI’s price trades below the trendline and the 100-day SMA. The price of UNI is also attempting to drop a bearish 4-hour candlestick. Although the 4-hour composite trend oscillator indicates that UNI may go bullish, the price will certainly move upward on a short-term note and begin to decline again. The signal line and SMA line are heading toward the zero line, but this has continued for a while. Support Levels To Watch Out For If the price of UNI drops below the 1-hour 100-day simple moving average, it will begin to move towards the $8.748 support level. It may even decline more to test the $7.557 support level if it breaks below the abovementioned level. However, if Uniswap were to change course at any of the previously mentioned support levels, it would begin to rise toward the resistance level of $10.381. If the price breaches this resistance level, it might be poised to test the $11.801 mark and perhaps much higher to test other levels. Featured image from Adobe Stock, chart from Tradingview.com

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UNI Price Slides 8% As Uniswap Delays Crucial Voting Proposal

In a blow to the momentum of the Uniswap native token, UNI, the decentralized exchange (DEX) has been forced to postpone a highly anticipated proposal that would have improved its token governance and fee distribution model.  Meanwhile, the company is also locked in a legal battle with the US Securities and Exchange Commission (SEC) over [...]

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Uniswap (UNI) Blastoff At Hand? The Sleeping Giant Awakens At $4.6 Support

Uniswap (UNI) is showing signs of a powerful resurgence as it firmly holds the $4.60 support level, a critical zone that could ignite the next major rally. After weathering recent market turbulence, UNIs price action is now flashing bullish signals, suggesting that the asset may be gearing up for a significant upward move. The recent bounce from support, coupled with improving momentum indicators, suggests that bulls are quietly reclaiming territory. However, confirmation is still needed to solidify the reversal narrative. Critical resistance zones lie ahead, and how UNI reacts around these levels will determine whether this move has real staying power or fades as another false start. The Bullish Reversal Setup: Why UNIs Price Action Matters Now UNI’s recent price behavior can be traced to a classic bullish reversal setup forming on the daily chart. Uniswap has broken out of a falling wedge pattern, a formation typically seen as a precursor to trend reversals. This breakout came after a decisive retest of the $4.6 level. Related Reading: Uniswap (UNI) In Trouble? Price Crash Below $6.7 Signals Bigger Problems What makes this setup particularly compelling is the combination of the falling wedge breakout and UNIs successful rebound from $4.6. This confluence of bullish signals implies that the bears may be losing grip, while bulls are regaining confidence. If the token continues to build on this momentum, it could pave the way for a larger upward move, confirming the trend reversal. Technical indicators are starting to confirm the bullish narrative. One of the key signals comes from the Relative Strength Index (RSI), which has rebounded from oversold territory and is now pushing upward, reflecting renewed buying interest and growing momentum. A continued rise in RSI above the midline (50) would further support the case for a trend reversal. Additionally, trading volume is beginning to show signs of recovery, with an increase of over 26%. The rising volume during this rebound suggests that the move is supported by genuine market participation. If volume continues to build alongside upward price movement, it could fuel Uniswap to challenge and break through key resistance levels in the coming sessions. Where Could UNI Go Next? With Uniswap now staging a notable recovery and forming a reversal pattern, traders are now turning their attention to the breakout scenario and where it could lead. After retesting the $4.6 support level and bouncing above the falling wedge with renewed strength, UNI appears to be building upward momentum. If the price sustains its bullishness, it might pave the way for a swift move higher. Related Reading: UNI Price Recovery Gains Traction Will It Smash Through Resistance? From a technical standpoint, the next upside targets lie around $5.5 and $6.7, where previous breakdowns occurred and volume peaks exist. A sustained move beyond those levels could even open the door for a test of the $8.7 mark in the medium term. Overall, if volume supports the push, it increases the potential to set off a larger rally. Featured image from Adobe Stock, chart from Tradingview.com

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UNI Price Soars 20% As Uniswap Labs Pushes Back Against SECs Wells Notice

Uniswap Labs, the creator of one of the largest decentralized trading platforms, is challenging a potential enforcement action by the US Securities and Exchange Commission (SEC), arguing that crypto tokens should not be classified as securities.  The New York-based firm recently refuted the allegation that it operated as an unregistered exchange and broker-dealer. This response [...]

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Unichain Nears $12B in Trading Volume as Users Flock to Uniswaps Layer 2

Unichain has witnessed over a 3,000% increase in its active addresses over the past 30 days.

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Uniswap On Arbitrum Nears $150 Billion In Swap Volume

Uniswap, one of the worlds largest decentralized exchanges (DEX) by total value locked (TVL), is approaching a major milestone on Arbitrum, the largest layer-2 by TVL on Ethereum. According to data from Dune Analytics shared by Uniswap Labs, Uniswap on Arbitrum is on the cusp of surpassing a staggering $150 billion in total swap volume. Riding The [...]

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Uniswap Resurgence Incoming? Analyst Predicts 30% Surge For UNI Price

Uniswaps native token, UNI, has been struggling in terms of its price action over the past few weeks. Although the general state of the crypto market may be blamed for this gloomy price performance, other factors, such as the Wells Notice from the US Securities and Exchange Commission (SEC) to the Uniswap protocol, have also played a role. However, the UNI price appears to be recovering well, as the token has jumped by more than 2% in the past day. A popular crypto pundit on X has predicted that a bullish rally might only just be beginning for the DeFi coin, but the question is – how far can Uniswaps price go? Analyst Sets $10 Target For Uniswap Price In a recent post on the X platform, prominent crypto analyst Ali Martinez put forward an exciting bullish prediction for the price of UNI. According to the expert, the cryptocurrency might be getting ready for a run to the upside in the coming days. Related Reading: Injective Votes On Major Upgrade To Make INJ Even More Deflationary: Will Prices Recover? The rationale behind this bullish prognosis for the Uniswap token is based on the TD (Tom DeMark) Sequential Indicator. The Tom Demark Sequential is an indicator in technical analysis used to identify the probable time and points of trend exhaustion and price reversal. Uniswap's daily price chart | Source: Ali_charts/X The TD Sequential indicator consists of two stages, namely the setup and the countdown phases. As shown in the chart above, UNIs price just completed the setup phase, which comprises nine consecutive candles that closed lower than the candle four periods ago. The completion of this phase usually signals a potential trend reversal for the tokens price. The direction of the reversal depends on the type of candles that formed the setup (I.e., red candles would suggest a bottom for the asset, while green candles would imply a top). Martinez noted in his post that the TD Sequential has flashed a buy alarm on the UNI daily chart, and the token might be gearing up for a 1 – 4-day rally. According to the analyst, the DeFi coin could jump as high as $10, representing an over 31% surge from the current price point. UNI Price Overview As of this writing, the price of UNI stands at around $7.46, reflecting a 2% jump in the past 24 hours. However, this latest price increase is not enough to bring the coin to profit on the weekly timeframe. Related Reading: Shiba Inu Burn Rate Sees 81% Daily Increase, But Why Is Participation Low? According to CoinGeckos data, Uniswaps price is down by more than 4% in the past seven days. The cryptocurrency would look to regain the $10 level, having lost it due to the news of the SECs looming action.  UNI price showing signs of recovery on the daily timeframe | Source: UNIUSDT chart on TradingView Featured image from Uniswap Labs, chart from TradingView

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UNI Price Prediction Uniswap Recovery Could Remain Capped

UNI price turned red and declined below the $10.00 support. Uniswap is showing many bearish signs and recoveries could face hurdles near $10.00. UNI started a fresh decline below the $10.00 support zone. The price is trading below $9.50 and the 100 simple moving average (4 hours). There is a key bearish trend line forming [...]

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UNI Price Recovery Gains Traction Will It Smash Through Resistance?

Uniswap price is gaining traction as it rebounds from the $6.7 level, sparking renewed optimism among traders. After a period of consolidation, bulls are strongly attempting to reclaim control, aiming for a breakout beyond key resistance levels. However, the road ahead is not without obstacles. A critical resistance zone looms, and whether UNI can push past it or face another pullback remains the big question. Market sentiment is shifting as buying pressure increases, but the presence of strong resistance could determine the next phase of price action. If UNI breaks through, it could open the doors for a sustained rally, while failure to do so might lead to another retest of lower levels. Price Targets: How High Can Uniswap Go? Uniswaps recent recovery from $6.7 has sparked bullish optimism, but how far can the price climb if it successfully breaks through resistance? The first key target lies at $8.7, a crucial resistance level that has previously acted as support and rejection. A decisive move above this zone could pave the way for $10.3, a level that may determine whether UNI can sustain further upside. Related Reading: Uniswap Price Surges Past $10 Bullish Pattern Suggests Further 30% Gain If buying momentum remains strong, the next major hurdle is around $12.3, a psychological barrier and a key resistance from past price action. Beyond this level, the rally is expected to extend, potentially opening the door for $15.7 and beyond. However, UNIs ability to reach these targets depends on broader market conditions, trading volume, and bulls countering selling pressure. A rejection at resistance might lead to a retest of lower levels, making it crucial for traders to monitor price action closely. Lastly, the Relative Strength Index (RSI) formation indicates that UNI still has more room for upward movement, as the RSI line has risen above the 50% threshold. This suggests that buying momentum is increasing, signaling a possible continuation of the bullish trend.  Support Zones To Watch If UNI Faces A Pullback Several key supports may prevent UNIs struggles to maintain its bullish momentum against further decline. The first major support level is around $6.7, which recently acted as a strong demand zone. A bounce from this level could indicate that buyers are still in control, keeping the uptrend intact. Related Reading: Uniswap Aims For Recovery Bulls Take A Stand At $12.3 Support Should selling pressure intensify, UNI might drop toward the $5.5 range, a key area where buyers have previously stepped in to defend against more drops. Furthermore, a breakdown below this zone might shift sentiment to bearish, exposing UNI to a potential drop toward $4.8, a level where the token may stabilize or extend its losses. Featured image from Adobe Stock, chart from Tradingview.com

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Uniswap Founder: Dapps Will Soon Handle Gas Fees On Behalf Of Clients

In comments likely to resonate with crypto fans, Hayden Adams, the founder of Uniswap, a leading decentralized exchange (DEX), predicts that network fees will eventually become a background expense for users, much like server costs are today for top centralized applications running on Amazon Web Service and other platforms.   Gas Fees Is A Major Pain Point, Mass Migration To Solana, Layer-2 Platforms Taking to X, Adams envisioned a future where decentralized applications (dapps) seamlessly cover network fees on behalf of users. This approach, the inventor adds, aligns with how server costs are currently handled in the current setup, especially among operators of common applications like X or Facebook. Server costs are often considered a hidden expense in the overall business model. However, this can cost millions of dollars monthly, depending on the app’s popularity. Related Reading: Shiba Inu Blasts Into Top 10 Crypto Following 175% Price Surge Presently, the dream of low-fee transactions remains out of reach for some blockchains, particularly Ethereum, the dominant platform for smart contracts. Ethereum is a legacy blockchain that recently shifted from a proof-of-work to proof-of-stake consensus. However, while this was a major shift, the network still struggles with scaling challenges. At optimum, Ethereum can only process 15 transactions every second. Comparing this with current demand only means “gas fees” must be high to incentivize the validator to include transactions in the next block. This high “gas fee” continues to be a major pain point, leading some projects to migrate to alternative networks with faster transaction speeds and lower fees. Solana, a high-throughput blockchain, and layer-2 scaling solutions like Arbitrum have emerged as popular destinations for these migrating projects. This trend is particularly evident with the recent surge of meme coins like BONK and WIF, which have seen significant growth on Solana. Related Reading: Bitcoin Crossroads: Analyst Identifies Level Set To Determine Next Move Unlike Ethereum, Solana and layer-2 platforms relying on Ethereum for security boast higher throughput and negligible gas fees. Accordingly, more meme coin projects are launching on these networks. Here, users can transact without considering the implication of gas fees. In recent weeks, top meme coins, besides PepeCoin (PEPE) or Dogecoin (DOGE), have been launching on Solana. Ethereum Is Working On Scaling Ethereum will implement the Dencun Upgrade in mid-March to combat its scaling woes. The update aims to reduce costs for users interacting with layer-2 solutions significantly. However, this upgrade is just one of the many Ethereum developers plan to implement over time. Eventually, the proof-of-stake network aims to scale processing speeds, allowing it to execute millions of transactions every second through innovations like Sharding.  Uniswap continues to lead in popularity, looking at assets under management. So far, Uniswap developers have deployed its solution across other blockchains and layer-2 options, including Arbitrum and the BNB Chain. Feature image from Shutterstock, chart from TradingView

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Uniswap (UNI) In Trouble? Price Crash Below $6.7 Signals Bigger Problems

Uniswap (UNI) has slipped below the crucial $6.7 support level, raising concerns about a potential extended downturn. This breakdown comes amid increasing selling pressure, signaling that the bulls may be losing their grip on the market.  With volatility rising and market uncertainty growing, the next few trading sessions will be crucial in determining whether UNI can bounce back or if a prolonged downtrend is on the horizon. Will the bulls reclaim lost ground, or is UNI heading for even lower levels? Price Action and Technical Indicators Flash Warning Signs UNIs price action is showing clear signs of weakness as the token struggles to regain momentum after breaking below the $6.7 support level. The recent downturn has intensified bearish sentiment, with sellers dominating the market and pushing UNI toward lower support levels. If buying pressure doesnt return soon, further losses could be imminent. Related Reading: Uniswap Bleeds 20%Is This Whale Behind The Drop? The asset has dropped below its 100-day Simple Moving Average (SMA), a key long-term support level. This breakdown suggests a potential shift toward a broader downtrend, especially if UNI fails to reclaim this level quickly. A prolonged stay below the 100-day SMA could reinforce seller dominance, increasing the risk of further declines. Meanwhile, the MACD has flipped bearish, with the signal line crossing below the MACD line, a classic indication that sellers are gaining strength. Additionally, Uniswap trading volume has declined, suggesting a lack of strong bullish participation to counteract the selloff. For Uniswap to regain strength, buyers must push the price back above $6.7 with strong volume, invalidating the breakdown. Until then, the risk of more downside toward $5.5 and $4.8 remains high. Can Uniswap Reclaim $6.7 and Reverse Course? Uniswap is at a critical inflection point after its recent breakdown below $6.70. As UNI struggles to regain momentum, traders and investors are left wondering whether this drop is just a temporary setback or the start of a deeper correction. Related Reading: Uniswap Stays On Course For More Gains $12.3 Resistance In Sight While bears have dominated recent price action, the market questions whether UNI can fight its way back above this key level or if the resistance will hold. If UNI manages to break and hold above $6.7 with robust buying volume, it could indicate that bullish momentum is returning, invalidating recent bearish pressure and signaling a potential trend reversal.  A decisive breakout above this level would restore investor confidence and also attract more buyers, leading to an extended rally. Should this scenario unfold, UNI might gain traction toward $8.7, with a sustained push driving the price to $10.3 and beyond in the coming weeks. Featured image from Vectorstock, chart from Tradingview.com

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Uniswap Bullish But Struggles With Resistance, Potential For More Gains?

Despite the losses incurred earlier this month, the price of Uniswap (UNI) has managed to recover. However, it has struggled to break through a significant resistance level, causing it to remain stagnant. Despite this, the technical analysis of UNI shows bullish signals, with notable buying strength and a significant increase in both demand and accumulation. Related Reading: Robinhood To Lay Off 7% of Full-Time Staff In Latest Restructuring While UNI has seen an appreciation of over 20% in the past week, the pace of gains has slowed down on the daily chart. A potential rally could occur if UNI surpasses the important overhead resistance. The performance of Bitcoin, which has been above the $30,600 price mark, has positively impacted most altcoins, including UNI. To move beyond its current price ceiling in future trading sessions, the altcoin’s price movement is closely tied to the broader market strength. Conversely, if UNI cannot break the immediate resistance zone, it may experience a decline toward its support zone. The increased market capitalization of UNI suggests the potential for further gains and extended bullish sentiment. Uniswap Price Analysis: One-Day Chart As of the time of writing, UNI is being traded at $5.20. The altcoin is anticipated to face significant resistance at the $5.40 level or resistance zone (highlighted in blue). Breaking through this resistance at $5.40 can propel the altcoin to $5.80 and ultimately to $6, triggering a rally. Conversely, if the Uniswap price fails to sustain its current price level, it may drop to $5, and an inability to remain above $5 could result in UNI trading near or below the $4.80 price mark. Notably, an increase in trading volume has been observed in recent sessions, indicating an influx of buyers into UNI. Technical Analysis Following a rebound from the $5 price level, UNI has experienced a notable increase in buying strength, resulting in consistently positive demand. The Relative Strength Index (RSI) indicates an upward trend, with the index just below the 60-mark, indicating heightened buying volume. Additionally, the price of UNI has moved above the 20-Simple Moving Average (SMA) line, indicating that buyers are currently driving the price momentum in the market. Strong buy signals on the daily chart show increased demand for UNI. The Moving Average Convergence Divergence (MACD), is a tool that reflects price momentum and trend shifts. It displayed green histograms associated with buy signals for UNI. This indicates a bullish sentiment for the altcoin, suggesting the potential for future gains. In terms of price volatility and fluctuation, the Bollinger Bands provide insight. Related Reading: XRP Traders Show Capitulation, Why This Could Be Bullish Currently, the bands are open and diverged. This indicated that the Uniswap price may experience significant price fluctuations in the upcoming trading sessions. Featured image from UnSplash, charts from TradingView.com

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Uniswap Faces Backlash Over Business Source License Imposed On v4 Code

Uniswap, the top decentralized exchange (DEX) in the Decentralized Finance (DeFi) space, has come under fire from developers after imposing a Business Source License (BSL) on its v4 code.  According to a report by DL News, this move has restricted other developers from using the code for four years, leading to accusations that Uniswap is [...]

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Uniswap Price Struggles At $5.49, Will There Be A Run Up To $6?

After sustaining bullish price action for the past two days, the Uniswap price has registered a shift in its price movement. With a 0.9% loss in the last 24 hours, price sentiment has shifted toward the bears. At press time, Uniswap has struggled to move past its rigid resistance mark of $4.50. There is a chance that investors could book profits if UNI moves past the aforementioned price level. The coin has, however, struggled at its immediate resistance of $5.49. Uniswap has to flip the critical resistance into the support zone to move up to its next price ceiling of $6. If Uniswap price does not sustain above $5.49, then the altcoin could lose the support floor at $4.99. That would invalidate the bullish momentum, bringing the coin down to the next level. Related Reading: Chainlink Extends Accumulation By 200 Days; Will Bulls Push For A Breakout? Uniswap Price Analysis: One-Day Chart UNI was trading at $5.46 at the time of writing. The coin had almost breached the $5.49 price level, but the coin met with a sell-off. If the cryptocurrency fails to trade above $5.49, it will lose momentum. Buyers have to take precedence if the bearish momentum has to be negated. Overhead resistance stood at $5.70, and moving above that would help the altcoin climb to $6. In the event of a downward trend, UNI will remain at $4.70 for some time before moving further. The amount of UNI traded in the last session increased, signifying an increase in demand. Technical Analysis Buyers have increased over the past trading sessions, although the indicators remain below the neutral zone. This is an indicator that the market has yet to register substantial demand. The Relative Strength Index was above the 40 mark, signifying that sellers were still active. If the buyers take charge in the next trading session, UNI will turn bullish again. Regarding buying strength, UNI was below the 20-Simple Moving Average line, which meant that sellers were driving the price momentum in the market. The De-Fi token has to flip $5.70 to a support line, so the bulls register a considerable upswing price. UNI has not yet broken free from the grip of the bears, as the coin indicated the presence of a sell signal on the one-day chart. The Moving Average Convergence Divergence displays price momentum and changes in trends. MACD was still forming red signal bars, which correspond with a sell signal. The Directional Movement Index (DMI) was negative as the -DI (orange) line was above the +DI (blue) line, which pictured a bearish trend. The average Directional Index (red) ran above the 20-mark to signify strength in the bearish thesis. Should the bearish thesis be invalidated, a jump above $5.49 remains crucial. Related Reading: Bitcoin Price Recovery; Vital Levels To Keep An Eye On Featured Image From UnSplash, Charts From Tradingview

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Uniswap Price Breaks Past The $7 Mark After Forming This Pattern

Uniswap price has been able to break past the consolidation phase. Over the last 24 hours, the altcoin has moved up by more than 4%. In the past week, the coin surged close to 8%, which can be equated to a rally. UNI has been consistently green ever since the other altcoins started to travel north on their charts. The technical outlook of the coin also agreed with the bullish force. However, it is important for Uniswap to maintain this momentum and trade above its immediate price ceilings. If not, then the bulls could soon lose their strength. Buyers have been supportive of the bulls. As noted on the one-day chart, demand for Uniswap grew substantially. It is important that UNI trades above the $8 price mark in order for the coin to come under complete bullish control. Uniswap price has continued to form higher highs, which are tied to strong bullish momentum. The global cryptocurrency market cap today was at $1.04 trillion, with a 0.5% positive change in the last 24 hours. Uniswap Price Analysis: One-Day Chart UNI was trading at $7.04 at the time of writing. The coin has struggled considerably to cross the $7 price mark for the past few weeks. Overall market strength helped the bulls to zoom past the $7 price mark. The coin encountered immediate resistance at $7.40. This is a crucial price mark for the coin. Once the bulls manage to break above $7.40, the coin could experience another resistance at $7.90 before it can trade above the $8 price level. A fall from this level will take the altcoin to the $6.47 price level and then to the $6.02 support line. The amount of UNI traded in the last session also appreciated, indicating that buyers had increased in number. Technical Analysis The altcoin for the past month and a half noted more selling pressure compared to buying strength. With its recent break from lateral trading, buyers are finally back on the chart. The Relative Strength Index was above the 60-mark, which is considered bullish with more buyers compared to sellers. Additionally, UNI formed a bullish engulfing pattern which happens when the chart pictures bigger-sized greener candles. This pattern is tied to positive price action. The Uniswap price was above the 20-SMA line which signified growth in the altcoin’s demand. It also meant that the buyers were driving the price momentum in the market. Related Reading: Solana Recaptures $30 Support; Here Is What To Expect Based On This Indicator UNI was under a bullish influence, as pointed out by other technical indicators as well. The Moving Average Convergence Divergence indicates the strength and direction of an asset. The MACD underwent a bullish crossover and formed green histograms. These were the buy signal for the altcoin. Bollinger Bands measure price volatility and price fluctuation. The bands were moving parallel to each other, signifying that price movement will not experience any sharp volatility over the upcoming trading sessions. Related Reading: Bitcoin Price Can Touch $22,000 If The Bulls Barrel Past These Levels Featured Image From VOI, Charts From TradingView

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Uniswap Slumped 8% Daily, Bitcoin Fights for $19K (Market Watch)

Uniswap is among the poorest performers on a 24-hour scale, perhaps fueled by the misunderstandings with Binance.

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Uniswap Price Continues Bearish Spell, Can It Move Past $6?

Uniswap price is consistently travelling southward on the one-day chart. UNI’s bulls have not been able to break past its immediate support, causing traders to lose confidence. Over the last 24 hours, Uniswap lost 4% of its value. In the past week, UNI surged 4% on the one-day chart. The technical outlook of UNI remained mixed with some signals pointing toward the bears taking over the market. The coin’s current support zone was between $5.60 and $5.00, respectively. The bulls have constantly attempted to break past the $5.94 level. This has caused buyers to leave the market as sellers have entered the one-day price chart. As Bitcoin struggles at $19,000, most altcoins also attempt to move past their immediate price ceilings. If the Uniswap price continues to witness less demand, then over the next trading sessions the coin can attempt to touch the closest support line. At the moment, UNI is trading extremely close to the local support line and if buying strength doesn’t pick up, the coin will fall below the immediate support line. Uniswap Price Analysis: One Day Chart UNI was trading at $5.69 at the time of writing. The bulls have been defeated at the $5.94 resistance mark a couple of times. Uniswap price can lose most of its gains if the coin continues to witness less demand. Overhead resistance stood at $5.94. If UNI falls below that level, it will be reduced to $5.00. The amount of Uniswap traded in the last session fell, signalling that buying strength remained low. This indicated bearishness for UNI. Technical Analysis UNI, for most of this month, traded in the selling zone. This is because the coin has been unable to topple over the immediate resistance mark. This is because of the low demand for Uniswap at the time of writing. The Relative Strength Index was below the half-line, and that was a sign of increased selling strength over buying strength. It also depicted bearishness on the one-day chart. The Uniswap price was below the 20-SMA line, an indication of less demand. It also means that the sellers are currently driving the price momentum in the market. Related Reading: Bitcoin Bulls And Bears Tussle Price, Where Will Price End Up? UNI’s technical indicators depicted mixed signals on the one-day chart. The Moving Average Convergence Divergence measures the price momentum and overall price action of the altcoin. MACD underwent a bullish crossover and formed green signal bars. These green signal bars were buy signal for the coin. This also could mean that, with increased demand, UNI might make a price comeback in the upcoming trading sessions. Bollinger Bands portray price volatility and fluctuations. The bands had opened up, meaning that the coin was about to witness price volatility. Related Reading: Algorand: ALGO Price All Go With Nearly 30% Rally In Last 7 Days Featured Image From Somag News, Charts From Tradingview

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Uniswap Price Loses Momentum, Are The Bears Back?

The Uniswap price had risen to almost $6 on its chart, but the bulls were unable to maintain that level. Over the last 24 hours, the coin again lost momentum and fell south on its chart. Over the last 24 hours, UNI registered a 0.9% increase in its price. In the past week, the coin negated most of its gains and lost 1.2% of its market value. The Uniswap price technical outlook was bearish, and selling strength was higher, causing the price to drop further on its chart. Although Uniswap tried to move in a different direction than the broader market, the bulls gave up. Bitcoin also lost the $19,000 price mark and is closing in on its immediate support level. For the Uniswap price to revisit the $6 price mark, buyers need to re-enter the market. Although just 48 hours ago the coin displayed a bullish stance, an increase in the number of sellers has invalidated the chance of a bullish revival. The global cryptocurrency market cap today was $958 billion, with a 0.4% negative change in the last 24 hours. Uniswap Price Analysis: One Day Chart UNI was trading at $5.73 at the time of writing. The coin was trading very close to the $6 mark. However, the buyers exited the market. Overhead resistance for Uniswap price stood at $6, and if UNI can move over the $6.40 price level, the altcoin’s upward movement could be anticipated. The nearest support level for the coin stood at $5. A fall from the $5 price mark could push UNI to trade near the $4 price zone. The amount of Uniswap traded in the previous session indicated that selling strength increased on the one-day chart. Technical Analysis The altcoin’s technical indicators note the bears taking over as buying strength dipped on the one-day chart. For most of the month of September, buying strength remained low for the altcoin. The Relative Strength Index was below the half-line and that meant a lower amount of buying strength on the one-day chart. Uniswap price was below the 20-SMA line. This meant bearishness for the coin. It meant that sellers were driving the price momentum in the market. Related Reading: Compound Prepares For A Major Rally To $80, Here Is Why The technical outlook for Uniswap was also mixed as the indicators also picked up on buy signal for the coin. Despite buyers remaining low, indicators indicated that there could be a possibility of buy signal for the altcoin. The Moving Average Convergence Divergence points toward the price momentum and overall price action of the coin. MACD underwent a bullish crossover and started to depict tiny green histograms as buy signals for UNI. This meant that, with more buyers, UNI could recover its chart. The Chaikin Money Flow displays capital inflows and outflows. CMF climbed above the half-line, signalling more capital inflows compared to outflows. Related Reading: Will Polkadot Network Progress Give An Ailing DOT Renewed Vigor? Featured image from GreenBiz, chart from TradingView.com

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Uniswap Price Consolidates At $7, Chance Of Moving Past Resistance Remain Bleak

Uniswap price displayed almost no movement over the last 24 hours as the coin registered 0.8% downward movement on its chart. UNI was hovering around the $7 price level and was unable to break past its closest price ceiling. If the coin does not manage to move past the resistance level then it could lose its support line. Technical outlook for Uniswap price indicated that could it register further drop on the chart. Move to the above resistance level will be difficult as buyers have exited the market. Increased selling pressure can push Uniswap price to the next support level. Bitcoin price also fell considerably over the last 24 hours. The coin fell to $21,000 and the altcoins moved in the same direction. Broader market weakness have made Uniswap price remain at the current price level. The global cryptocurrency market cap today is at $1.07 Trillion, with a 1.0% negative change in the last 24 hours. Uniswap Price Analysis: Four Hour Chart UNI was trading for $7.01 at the time of writing. The overhead resistance for the coin stood at $7.57. Uniswap price has been unable to move past the price ceiling which is why the coin was met with selling pressure. A fall from the current price level will push Uniswap price to $6.90 immediately, if the coin cannot remain steady over the aforementioned level then the next price level stood at $5.99. Amount of Uniswap traded in the last session fell which meant that the selling pressure was high in the market. Technical Analysis UNI was moving laterally and this has caused selling pressure to mount on the four hour chart. It was also an indication that an upcoming fall in chart could be expected. The Relative Strength Index was in the oversold region however, over the last 24 hours the coin noted an uptick. Despite the uptick sellers were considerably higher than buyers on the four hour chart. Uniswap price was below the 20-SMA line which indicated that sellers were driving the price momentum in the market. Related Reading: Investor Sentiment Falls As Crypto Market Sheds $100 Billion UNI’s laterally trading had pushed price near to its immediate support level. The influx of sellers made technical indicator point towards a sell signal however over the last 24 hours the coin started to capture a buy signal. The Moving Average Convergence Divergence depicts the price momentum and reversal in the same. MACD underwent a bullish crossover with green histograms on the half-line which meant that there was buy signal for the coin. Bollinger Bands help understand the price volatility and chance of price fluctuation. Bands were wide open and parallel which suggested that price might witness a move up or down over the upcoming trading sessions. Related Reading: Tether Asset Reserves Figures Record Significant Plunge Compared To 2021 Featured image from Katoch Tubes, chart from TradingView.com

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Uniswap Price Falls Below $9 After It Met With A Sell-Off, What’s Next?

Uniswap price at the current moment has displayed a downward movement on its chart. The coin lost the $9 price mark and was moving closer to its local support level. Over the last 24 hours, UNI depreciated considerably by 6%. Most gains that UNI logged were lost over the past week. The technical indicator for UNI has depicted mixed trading signals. The buyers in the market have left owing to the recent fall in price. For Uniswap price to pick up momentum, buying strength and demand for the coin remain quite crucial. As selling pressure mounted, UNI started to flash bearish price signals on its chart. The price of the altcoin needs to experience a breakout for the bulls to drive the price momentum. The coin broke below its $8.40 support line and fell below that. An increase in demand for the coin can help UNI recover over the next trading sessions. Uniswap Price Analysis: Four-Hour Chart The altcoin was priced at $8.30 at the time of writing. Uniswap lost its immediate support line and the bears have changed that level to a resistance mark for the coin. Overhead resistance for the altcoin was at $8.76, however, a tough price ceiling for the altcoin was at $9.30. The coin has tried to break past the mentioned price mark a couple of times but was met with sellers in the market. The immediate price floor for the coin stood at $7.80. Although over the past few weeks UNI has recovered considerably, the demand for UNI has to keep growing. The volume of UNI traded in the last session has declined as there has been a fall in buying strength. Technical Analysis UNI had moved closer to the oversold zone over the last trading sessions, however, it did not touch that zone. At the moment, the coin has low buying strength but the coin was not overbought. The Relative Strength Index noted an uptick below the half-line signifying that the demand for the altcoin could register an increase over the next sessions. Uniswap price was seen below the 20-SMA line, this signalled bearishness in the market. It also depicted that the sellers were driving the price momentum in the market. Related Reading: Why Are Crypto Investors Rotating From Bitcoin To Altcoins? The altcoin has flashed bearish signals on most technical indicators. UNI registered a sell signal on the four-hour chart. Moving Average Convergence Divergence depicts the price momentum and change in the momentum. As demand for UNI has remained low, MACD underwent a bearish crossover and displayed red histograms. The red histograms were sell signal for UNI. Chaikin Money Flow determined the capital inflows and outflows. CMF was below the half-line as capital inflows were less than outflows at the time of writing. With increased demand and buying strength, the coin will attempt to move up on its chart. Related Reading: Ethereum Investors Close 300k Long Positions on Bitfinex, Rally To Stop Soon? Featured image from TechCentral, chart from TradingView.com

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