Uniswap (UNI) Price Hints A 30% Surge This Month As Technical Indicator Turns Bullish?

uniswap

The post Uniswap (UNI) Price Hints A 30% Surge This Month As Technical Indicator Turns Bullish? appeared first on Coinpedia Fintech News

The cryptocurrency market has recorded a strong bullish bounce back within the past day, resulting in top altcoins displaying a significant uptrend in their respective portfolios. This highlights increased bullish sentiment in the crypto space.

Positively, the UNI price has 15.92% within the past day and 1.73% over the past seven days. Furthermore, it has added 48.96% within the past 30 days and has a YTD return of 53.05%, indicating a positive outlook for the altcoin in the coming time.

UNI Coin Price Fails To Retest Its Upper Resistance Level:

The Uniswap price displayed a neutral trend by trading in a closed range between $6.920 and $8.40 for a brief period, indicating a weak price action for the altcoin in the crypto market.

Uniswap Price Analysis
TradingView: UNI/USDT

With a trading price of $11.085, a circulating supply of 599,957,295 UNI tokens, and a market cap of $6.650 Billion, the Uniswap price has secured the 19th position in the global crypto market list.

The technical indicator, MACD, displays a constant flatline in the 1D time frame. However, its averages show a bullish convergence, indicating a mixed sentiment in the crypto space.

Will UNI Crypto Go Up?

If the market pushes the price above the resistance level of $11.640, the bulls will regain momentum and prepare to test its upper resistance level of $13.510 this week. Maintaining the price at that level will set the stage for the UNI coin price to test its upper resistance level of $15.420 in the coming time.

Conversely, if the bears regain momentum, the price will test its support level of $9.90. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $8.40 during the upcoming weeks.

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