UniSwap Token is on a bearish converging wedge pattern on the daily chart. The coin has broken the temporary support it had formed recently and is retesting the zone currently. It remains to be seen if the coin continues trading in the current parallel channel or continues in the bearish wedge pattern. The coin has current support at $ 9.20 and resistance at $ 15.00. The Stochastic Relative Strength Index (Stoch RSI) chart hints at bullishness for the token while indicating neutrality.
Chart of UniSwap/USD by TradingView
UniSwap Token is trading in a sideways parallel zone on the hourly chart over the last few sessions. The current has immediate support at $ 8.00 and resistance at $ 11.00. The coin looks to trade in this zone for the next few trading hours before making any directional changes. The volumes for the coin have reduced considerably on average and the Stoch RSI indicator indicates neutrality for the token. The coin earlier broke out from a bearish diverging wedge pattern.
Support: $ 8.00
Resistance: $ 11 and $ 15
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