- Uniswap price at the monthly chart is trading sideways just above its short to medium-term moving averages of 20, 50, and 100-day lines.
- Currently, the digital asset is trading above its all vital moving averages of 20, 50, 100, and 200-day lines, while volume activity is still lower.
- The pair of UNI/BTC is trading at 0.0004378 BTC with an intraday jump of +4.07%, and the ratio of UNI/ETH is CMP at 0.006494 ETH with a 24-hour change of +1.38%.
Uniswap price is trying to hold its vital moving averages after a gradual recovery from the lower levels. Meanwhile, the crypto asset is trading above the all vital moving averages of 20, 50, 100, and 200-day lines. Volume activity at the monthly chart is still lower and recorded below its average volume line, which needs to improve sharply. Moreover, the sustainability above all its major DMA lines will create the next lap of a bullish rally. In the current situation.
The Bulls is trying to maintain the price above all its DMA lines, but the volume is not supported. Support on the lower side is $24.21 and $22.32, whereas resistance on the higher side is $29.70 and $31.49.
Uniswap price is Consolidation under the sideways channel pattern
Uniswap price at the weekly chart is Consolidation under the sideways channel pattern, with no sign of clear momentum. Moreover, the volume activity at the chart is lower and needs to increase sharply for the breakout from the pattern. The technical parameters are also indicating a sideways action and waiting for a breakout from the rangebound trend. UNI token price is trading at $26.65 with an intraday gain of +3.96%, and the volume to market cap ratio is 0.01659.
Relative Strength Index (NEUTRAL): Uniswap price RSI trades sideways in the neutral zone at the weekly chart. In contrast, the coin is trading sideways under the channel pattern and RSI at 55.
Moving Average Convergence Divergence (MIXED): The daily chart projects a mixed trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) overlaps the seller’s line (red), with no clear trend.
Support levels: $24.21 and $22.32
Resistance levels: $29.70 and $31.49.