- Uniswap price is trading near its vital moving average line of 200-day while facing a selloff from the higher levels.
- The digital asset is trading below its short to medium-term moving averages of 20, 50, and 100-day lines and presently struggling to hold its vital DMA line of 200-day.
- The pair of UNI/BTC is trading at 0.0004024 BTC with a deep intraday loss of -8.47%, and the ratio of UNI/ETH is CMP at 0.006625 ETH with an intraday dip of -4.37%.
Uniswap price over the monthly chart is trading near its essential moving average line of 200-day lines. While the coin is trading under pressure from the higher levels and now reaches near the make or break zone. Volume over the monthly chart is lower and needs to improve in further trading sessions. The overall chart setup is projecting a slight neutral trend, while the short to medium-term trend is bearish.
Whereas the sustainability below all DMA lines will create more downside in upcoming seasons. Currently, no fresh long is suggested, as no sign of significant recovery is visible. Support on the lower side is $20.10 and $17.75, whereas resistance on the higher side is $27.60 and $31.40.
Uniswap price is projecting bearish trend while facing a significant downtrend
Uniswap price at the weekly chart is projecting a robust bearish trend while facing a significant downtrend. Seller volume over the 4-hour time frame also increases and jumps above the average line. The technical parameters are also reached near its oversold zone and seem to bottom out in the shorter-term time frame. UNI is trading at $22.59 with a sharp intraday decline of +9.12%, and the volume to market cap ratio is 0.02234.
Relative Strength Index (OVERSOLD): Uniswap price RSI trades on a solid bearish note and reaches near the oversold zone after correcting higher levels. The coin is facing a strong selloff with no sign of significant recovery and RSI at 29.
Bollinger Bands (BEARISH): The coin is placed under the lower zone of the Bollinger Bands and is trying to hold its lower line (green). While once the coin jump above its baseline will boost more buyers.
Support levels: $20.10 and $17.75
Resistance levels: $27.60 and $31.40.