Analysis

Uniswap Price Analysis: UNI/USD to break above the intraday highs of $26.7

TL;DR Breakdown

Uniswap price analysis is bullish today.
UNI/USD set a higher low at $24.5 over the weekend.
Uniswap is presently trading at $26.2.

Today, the Uniswap price is up, having recovered from a drop to $24.5 over the weekend. As a result, UNI/USD are anticipated to rise further before reaching another peak at $27.5.

Today, the Uniswap price is up, having recovered from a drop to $24.5 over the weekend. As a result, UNI/USD are anticipated to rise further before reaching another peak at $26.7. A high volume of transactions is being conducted on the decentralized exchange, thanks to its low fees.

The price of UniSwap continues to be bullish, as it has been trending upwards slightly over the past few days. The last time we analyzed it, its trading value was $24.2, which is at $25.8, a rise of 1%. UNI/USD seems to have breached the strong resistance of $26 and is likely headed for the next strong resistance of $28. At this point, it is still too early to say that UniSwap has established an uptrend because we will have to see if the price can hold at $27.5.

UNI/USD seems to have breached the strong resistance of $26 and is likely headed for the next strong resistance of $27. At this point, it is still too early to say that UniSwap has established an uptrend because we will have to see if the price can hold at $27.5.

UNI/USD has breached the strong resistance of $26 and is close to breaching the next strong resistance of $27. At this point, it is too early to say that UniSwap has established an uptrend because we will have to see if the price can hold at $27.5.

UNI/USD 4-hour chart: UNI set to move higher?

The Uniswap price shows significant bearish tendencies, with the 4-hour chart testing the $26 mark today.

UNI/USD 4-hour chart. Source: TradingView

The Uniswap price began to fall again in late October, four months after it rebounded from its lowest point. After attempting to achieve $27.5 twice during the second half of October, a somewhat higher high was established at $28.4 before tumbling on the 27th. The same happened at the start of November, with a very slightly higher high set at $27.3 before falling to near its all-time low once again.

The Uniswap price began to break above the all-time low in mid-November, almost reaching an all-time high of $26 before the current bearish trend was established.

The price of UNI/USD began to recoup over the weekend, rising above $25. UNI/USD fell below $26 during the night, then rose slightly.

Uniswap Price Analysis: Conclusion 

UNI/USD is trading around $26.22 at the time of press. UNI/USD is expected to test resistance at $26 within the next 24 hours. If it can break through the mark, the price could rise towards its previous all-time high of $27.5 and achieve a higher high in the process.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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