- Uniswap performed a negative momentum on Monday’s trading session
- Uniswap price is $26.70, which is down by 11% in the last 24-hour time-frame and 32.50% up from the previous week
- UNI/BTC pair is negative with a gain of 2.15% in Monday’s trading session (0.00049077)
Uniswap had negative momentum on the weekly chart, and it went up to $32.63 on February 20, 2021, while breaking above the resistance zones created in the past. UNI price set a mark of an all-time high. Meanwhile, the trading volume of $1,637,382,404 in the last 24-hour time-frame represents a decrease in the value of 59.40%. The UNI/ETH pair is in a downtrend with a value of (0.01474) which is down by 1.35% in Monday’s trading session.
Uniswap (UNI) Technical Chart Indicates a Negative Momentum
The technical chart of Uniswap highlights a negative trend. In contrast, The Uniswap price is at $26.70. According to pivot points, the critical support level for UNI is placed at $20.0. Whereas if it moves up, the key resistance level to watch is $32.80. While diving into the weekly chart of 4-hour time-frame, it completes a bullish pin bar candlestick pattern, indicating the bulls have overwhelmed the bears and are now in control.
Volume indicator with the value (212.709K) reflects a low buying volume in coin. Investors can further expect a decrease in buying volume in the upcoming trading sessions.
SMA-200, price is at $18.11, which acts as another strong support in the coin. The price is above the SMA, and investors can expect a bullish trend in the coin.
MACD indicator (BEARISH), bearish crossover signal line spotted on February 22, 2021, indicated a sell signal in the coin during the trading session. Also, it denotes the beginning of red bars on Histogram.
RSI indicator (NEUTRAL) with a value of 51 indicates a neutral signal in the coin. One can observe an decrease in value in upcoming trading sessions.
Conclusion
Uniswap price is down by 11% on Monday’s trading session. The price is above the SMA of $18.11, investors may expect the price to progress towards the next support of $20.0. All technical indicators suggest a sell signal in the coin.
Resistance: $32.80
Support: $20.0
