- Uniswap performed a positive momentum on Wednesday’s trading session
- Uniswap coin price is $13.90, which is up by 11.03% in last 24 hour time-frame and 76.77% up from the previous week
- UNI/BTC pair is positive with a gain of 5.83% in Wednesday’s trading session (0.00045366)
Uniswap had positive momentum on the weekly chart, and it went up to $14.46 on January 27, 2021, while breaking above the resistance zones created in the past. UNI price set a mark of all-time high with help of overall market conditions. Meanwhile the trading volume $5,694,422,067.61 in last 24 hour time-frame represents an increasing value of 8.6%. The UNI/ETH pair is in uptrend with a value of (0.01107) which is up by 8.64% in Wednesday’s trading session.
Uniswap Technical Chart Indicates a Positive Momentum
The technical chart of Uniswap highlights a Positive trend. While Uniswap coin price is at $13.90. According to pivot points, the key support levels for UNI are placed at $8.44 followed by $7.20. If it moves up, the key resistance levels to watch are $13.69 and $15.77. While Diving into the weekly chart of 15-minute time frame, it forms a three outside down candlestick pattern, indicating the bears have overwhelmed the bulls and are now in control.
If we look at 20 & 50 days, the exponential moving average (EMA), 20 EMA (blue line) is at $9.16, and 50 EMA (purple line) is at $6.80. The price is above both the EMA and can expect a bearish trend in the coin for the upcoming trading sessions if it plunges below the EMA.
Volume indicator with the value (218.921K) reflects a buying volume in coin. One can further expect an increase in buying volume in the upcoming trading sessions.
MACD indicator (Bullish), No bearish crossover signal line was spotted on January 27, 2021, during the trading session it indicated a buy signal in the coin. Also, it denotes massive green bars on Histogram.
Meanwhile, the RSI indicator (Overbought) with a value of 77 indicates a buy signal in the coin for a short while. Traders can observe Uniswap is in an overbought zone and may soon tumble to neutral zone.
Conclusion
Uniswap price is up by 11.03% on Wednesday’s trading session. The price is above both the EMA and the resistance level $13.69. All technical indicators suggest a buy signal in the coin till the next resistance of $15.77 in upcoming trading sessions.
Resistance: $13.69, $15.77
Support: $8.44, $7.20
