Uniswap Price Loses Momentum, Are The Bears Back?
24 Setembro 2022 - 1:00AM
NEWSBTC
The Uniswap price had risen to almost $6 on its chart, but the
bulls were unable to maintain that level. Over the last 24 hours,
the coin again lost momentum and fell south on its chart. Over the
last 24 hours, UNI registered a 0.9% increase in its price. In the
past week, the coin negated most of its gains and lost 1.2% of its
market value. The Uniswap price technical outlook was bearish, and
selling strength was higher, causing the price to drop further on
its chart. Although Uniswap tried to move in a different direction
than the broader market, the bulls gave up. Bitcoin also lost the
$19,000 price mark and is closing in on its immediate support
level. For the Uniswap price to revisit the $6 price mark, buyers
need to re-enter the market. Although just 48 hours ago the coin
displayed a bullish stance, an increase in the number of sellers
has invalidated the chance of a bullish revival. The global
cryptocurrency market cap today was $958 billion, with a 0.4%
negative change in the last 24 hours. Uniswap Price Analysis: One
Day Chart UNI was trading at $5.73 at the time of writing. The coin
was trading very close to the $6 mark. However, the buyers exited
the market. Overhead resistance for Uniswap price stood at $6, and
if UNI can move over the $6.40 price level, the altcoin’s upward
movement could be anticipated. The nearest support level for the
coin stood at $5. A fall from the $5 price mark could push UNI to
trade near the $4 price zone. The amount of Uniswap traded in the
previous session indicated that selling strength increased on the
one-day chart. Technical Analysis The altcoin’s technical
indicators note the bears taking over as buying strength dipped on
the one-day chart. For most of the month of September, buying
strength remained low for the altcoin. The Relative Strength Index
was below the half-line and that meant a lower amount of buying
strength on the one-day chart. Uniswap price was below the 20-SMA
line. This meant bearishness for the coin. It meant that sellers
were driving the price momentum in the market. Related Reading:
Compound Prepares For A Major Rally To $80, Here Is Why The
technical outlook for Uniswap was also mixed as the indicators also
picked up on buy signal for the coin. Despite buyers remaining low,
indicators indicated that there could be a possibility of buy
signal for the altcoin. The Moving Average Convergence Divergence
points toward the price momentum and overall price action of the
coin. MACD underwent a bullish crossover and started to depict tiny
green histograms as buy signals for UNI. This meant that, with more
buyers, UNI could recover its chart. The Chaikin Money Flow
displays capital inflows and outflows. CMF climbed above the
half-line, signalling more capital inflows compared to outflows.
Related Reading: Will Polkadot Network Progress Give An Ailing DOT
Renewed Vigor? Featured image from GreenBiz, chart from
TradingView.com
Compound (COIN:COMPUSD)
Gráfico Histórico do Ativo
De Set 2024 até Out 2024
Compound (COIN:COMPUSD)
Gráfico Histórico do Ativo
De Out 2023 até Out 2024