TL;DR Breakdown The price levels are showing a slight recovery after a bearish momentum.Uniswap price analysis shows, value has increased up to $26 in the last hour.Price is soon to break past the resistance present at $26. The Uniswap price analysis is showcasing a small comeback from the bullish side today. Although the bearish momentum has been very strong since the past week, today bulls have succeeded in making a considerable difference. The coin value has improved up to $26.01 and is a positive indication for cryptocurrency after a long bearish trend. The past few hours have experienced a bullish comeback, which resulted in slowing down the downward slope on the chart. UNI/USD 1-day price chart: Bears cause price to flow downwards after bullish move The 1-day price chart is showing a decrease in the price value, and the momentum has been considerable enough. The bears have continued to maintain their lead, and have caused a further decline in the coin value up to $26. The moving average (MA) in the 1-day price chart is $28, comparatively at a higher level than the current price. Overall, the trends have been highly bearish, as the past days have observed a crossover of SMA 50 over SMA 20. UNI/USD 1-day price chart. Source: TradingView The Bollinger bands hold vital importance in determining the future trends and are currently averaged out at $28. The upper Bollinger band is soon to go above $30.8 and the lower band is t...
0 comments: