On February 16th, Uniswap (UIS) made a huge move, going from a price of $1.39 to a current value of $3.00. This surge has left many wondering whether or not it is going to continue.
This is the time of year when we back our research with hard evidence. In this case, our analysis uses two metrics to determine when to buy or sell: the 20-day moving average and the %R (relative to the 20-day moving average). Normally, these two metrics are used inversely: if the 20-day moving average is rising, then the %R is falling and vice versa. This explains why they are called moving averages. In this case, however, they have been crossed again, which means a reversal in the trend is very likely.
Uniswap, also known as UNIS, is a cryptocurrency that recently saw a dramatic increase in price. As of 12:00 UTC on April 25, 2018, the price of 1 UNIS had increased from 0.0003 BTC to 0.00066 BTC. This increase was made in less than 3 days, a price increase of over 150%. The market cap of Uniswap has grown to 0.5 million USD from 0.072 million USD only 4 days ago.Summary of the situation
- UNI has retested the $20.50 level.
- The next resistance is at $25.
- The maximum swing for the breakout is $29.5.
The Uniswap price analysis is bullish for today as the market has made no progress over the past 24 hours and has tested support at $20.50 for the third time in a week. Therefore, we expect UNI to move higher next week and break through the $25 level to a high above $29.50. Crypto-currency heat map. Source: Coin360 Overall, the market has seen mixed results over the past 24 hours. Bitcoin rose 3.3 percent, while Ethereum fell nearly 1 percent. The rest of the altcoin market follows this pattern of mixed results.
Uniswap price fluctuations in the last 24 hours
The UNI/USD pair traded in a range of $20.52 to $21.91, indicating moderate volatility. Trading volume fell 43.93% to $243.9 billion. At the same time, the total value of the market is $12.3 billion, putting the cryptocurrency in 10th place.
4-Hour chart UNI/USD – UNI regains support at $20.5
On the 4-hour chart we see that the price of Uniswap tested the $20.5 support level again and failed to break through, suggesting that we will see an upward push early next week. Chart 4 hours UNI/USD. Source: TradingView Overall market sentiment has been bearish over the past few days as the market slowly pulled back from the previous high of $29.5. After a sharp decline in late May, UNI retested the $29.5 resistance level and turned lower. Earlier in the week, Uniswap’s price climbed quickly to $20.5, where the 50-61.8 Fibonacci retracement is located. Thus, the UNI/USD is currently trading in a very good zone to open a long position. If there is no further decline overnight, we can expect UNI/USD to start an upward move next week with the first resistance at $25. After that, the price action structure in the market will become bullish again. Once UNI breaks through the $29.5 barrier, we expect further price increases in the coming weeks.
Uniswap Price Analysis: Supplement
The Uniswap price analysis is bullish now that the market has tested the $20.5 support level for the third time and is now gearing up for a further rise. This should allow the ETV/USD to make a new high above $29.5 next week. Waiting for more Uniswap price action on how to cash out bitcoins, buy bitcoin stocks and trade bitcoins. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.Uniswap, a decentralized exchange based on a first of its kind technology, is gearing up for a strong rally and has already retraced 50 percent from its last swing high. While most people are looking ahead to the next big move, I’m setting up an alert on Uniswap, which has been proving itself as a solid long-term investment option.. Read more about grayscale vechain and let us know what you think.
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