Uniswap price analysis shows an increase in the price level for today. The price level jumped to as low as $5.92, which is a relatively bullish signal for buyers as prices move higher. Also, there have been constant fluctuations in the price trend for some time, and the bulls have finally returned to the lead.
Resistance for the UNI/USD pair is seen at $5.97 and support at $5.63. Uniswap’s price analysis shows that the digital asset is starting to gain momentum as the current trading volume is $110,651,126. UNI ranks 19th in the market with a total market cap of $4,501,676,384.
Uniswap price analysis on daily timeframes. UNI/USD continues upward flight as price hits $5.92
Uniswap’s daily price analysis today confirmed a strong uptrend for the market as the price has been on an uptrend in the last 24 hours, up 4 percent. Buyers have been controlling the price trend over the past week as UNI/USD has staged an important rally.
The rising price curve has just touched a peak of $5.97 later in the day due to stronger pressure from buyers. The moving average (MA) is at $5.90, well below the current price.
For the Bollinger Bands indicator, the top bar hits the $5.97 tip while the bottom bar hits the $5.63 extreme, indicating the strongest support for the cryptocurrency as the price has shot above the volatility indicator’s upper limit. Lastly, the chart of the Relative Strength Index (RSI) shows an upward curve and the result has reached the index of 41.63, moving into overbought territory.
Uniswap price analysis 4-hour price chart: bulls still manage to cross the $5.97 resistance
Uniswap’s four-hour price analysis is leading the buyers, while prices have continued to advance over the last few hours. Overall, the gains remained dominant on the day and completely outperformed the downside. Coin value increased to the previous level, ie. $5.92 as gains have set the price path for the last 4 hours. However, the moving average is at $5.94 and the price is currently trading above that level.
Bollinger Bands appear to widen as volatility increases, which should be taken as a positive indication of a future trend. The upper Bollinger Band shows a value of $5.90, which is below the current price level, while the lower Bollinger Band is at the $5.76 level. The RSI entered the overbought zone and the result reached the 51 markers.
Conclusion of Uniswap price analysis
Uniswap’s daily and hourly price analysis shows a solid uptrend for the day as the UNI/USD market value rises. The price managed to peak at $5.92 and a further increase in the coin’s value seems possible. We expect UNI/USD to remain bullish for the day as hourly bullish momentum strengthens.