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Will the Ascension Continue? Uniswap (UNI) Accelerated!

Uniswap (UNI) has gained 38% in the last 7 days and 21% in the last 24 hours,

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Will the Ascension Continue? Uniswap (UNI) Accelerated!

Uniswap (UNI) has gained 38% in the last 7 days and 21% in the last 24 hours, according to CoinMarketCap . The cryptocurrency broke many hurdles close to $ 10.00 against the US Dollar. Its all-time high is around $ 12.98.

The UNI gained pace above the $ 10.00 and $ 12.00 resistance levels against the US Dollar. The price consolidates gains well above $ 12.00 and the 100 simple moving average (4 hours), according to analyst Aayush Jindal. There was a break above the falling channel with resistance near $ 8.50 on the 4-hour chart of the UNI / USD pair (data source from Kraken). The pair may experience a correction, but the bulls are likely to remain active above $ 10.50 and $ 10.00.

Uniswap UNI 1536x729 1

After building a support base above $ 8.00, UNI started a strong rise. Outperformed Bitcoin (BTC) and Ethereum (ETH) , gaining over 25% in the last 2-3 sessions . There was a break above the bearish channel with resistance near $ 8.50 on the 4-hour chart of the UNI / USD pair to start the uptrend. The pair broke the $ 10.00 resistance zone and settled nicely above the 100 simple moving average (4 hours).

As a result, there was a strong rally and the price even broke the $ 12.00 resistance. The popular token rose to an all-time high around $ 12.98 and is currently consolidating its gains. In the event of a decline, initial support is near the $ 11.60 level. The main support is currently forming near the $ 10.00 level (the last breakout zone). More losses could lead the price towards $ 7.50, or the 100 simple moving average (4 hours).

Uniswap token news

What Levels Are on the Path to Ascension?

If the UNI price remains stable above $ 11.50 and $ 11.00, it could continue to rise. An initial resistance on the upside is near the $ 13.00 level. A successful break above the $ 13.00 resistance zone could clear the way for a push towards the $ 14.50 and $ 15.00 resistance levels in the near term. The next big target for bulls could be $ 20.00.

Technical Indicators

  • 4-Hour MACD: The MACD for UNI / USD is gaining momentum in the bullish zone.
  • 4-Hour RSI (Relative Strength Index): The RSI for UNI / USD is well above the 50 level.
  • Major Support Levels: $ 11.60, $ 11.00 and $ 10.00.
  • Major Resistance Levels: $ 12.95, $ 13.00 and $ 15.00.

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4 Comments
  1. Kizzy says

    Waiting for more update on this

  2. tonero1710 says

    UNI Token is doing wonders despite the huge supply

  3. TITUS OGAHBRAI says

    Looking forward to the next target. Nice update

  4. […] UNI / USD paritesinin 4 saatlik grafiğinde 18,80 dolara yakın destekle oluşan çok önemli bir yükseliş trendi çizgisi var. Trend çizgisi, 16.73 $ ‘lık düşük seviyeden 20.78 $’ a yükselen hareketin% 50 Fib geri çekilme seviyesine yakın. […]

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