NewsBTC 2024-04-12 04:58:36

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 with resistance near $10.25 on the 4-hour chart of the UNI/USD pair (data source from Kraken). The pair might recover but the upsides might be limited above $10.00. UNI Price Takes Hit After the SEC news, UNI started a major decline. There was an increase in selling pressure on Uniswap below the $12.00 pivot level. The price declined over 15% and traded below the $10.00 support. It also increased some pressure on Bitcoin and Ethereum. There was also a drop below the $9.20 level. The price traded as low as $8.72 and it is still showing many bearish signs. There is also a key bearish trend line forming with resistance near $10.25 on the 4-hour chart of the UNI/USD pair. UNI price is now trading well below $10.00 and the 100 simple moving average (4 hours). Immediate resistance on the upside is near the $9.45 level. It is near the 23.6% Fib retracement level of the downward move from the $11.79 swing high to the $8.72 low. The next key resistance is near the $10.25 level or the trend line. It coincides with the 50% Fib retracement level of the downward move from the $11.79 swing high to the $8.72 low. Source: UNIUSD on TradingView.com A close above the $10.25 level could open the doors for more gains in the near term. The next key resistance could be near $11.80, above which the bulls are likely to aim a test of the $12.00 level. Any more gains might send UNI toward $13.50. More Losses In Uniswap? If UNI price fails to climb above $9.45 or $9.50, it could continue to move down. The first major support is near the $8.70 level. The next major support is near the $8.50 level. A downside break below the $8.50 support might open the doors for a push toward $7.65. Technical Indicators 4-Hours MACD – The MACD for UNI/USD is gaining momentum in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for UNI/USD is below the 25 level. Major Support Levels – $8.70, $8.50, and $7.65. Major Resistance Levels – $9.45, $10.00, and $10.25.

Наиболее читаемые новости

Bitcoin post-halving run may reach $130K by S...
2024-06-03
Binance Burns 1.35 Billion LUNC
2024-06-03
BlockDAG’s X1 Beta Version Will Be Available...
2024-06-03
Crypto Whales Suddenly Gobble Up $112,000,000...
2024-06-03
Top Crypto Performers in June: BlockDAG Appro...
2024-06-03
Matter Labs drops ZK trademark applications a...
2024-06-02
Nobel Laureate Paul Krugman Claims ‘Inflation...
2024-06-02
Bitcoin and Altcoin Price Predictions Show Po...
2024-06-02

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения