UniPAP, the original symbol of UNISWAP, appears to be difficulties and prepares for the huge upscarcase after the lengthy prices and the direction of the landmark. This shift occurred in feelings, as the total encryption market began to suffer from price reflection and the formation of biological procedures for prices.
Technical Analysis (UNI) and upcoming levels
According to expert technical analysis, UNI appears to be a pattern of dual upward prices on the daily time frame. To date, the daily chart of UNI has shown two signs, but the original is still in the process of forming the second station.
In addition to this bullish style, the UNI also formed a bullish difference, as the RSI Index (RSI) is above, indicating a possible reflection of the prices.
Based on the recent price movement and historical patterns, if the UNI is higher than the level of $ 5.75, there is a strong possibility that can initially rise by 15 % to reach the neck line for the double bottom pattern at $ 7.15. However, if this bullish momentum continues and the neck is violated the neckline, which led to the closure of a daily candle over $ 7.15, another 15 % may gather and reach the level of $ 8.25 in the future.
Uni’s current price momentum
At the time of the press, the UNI is trading near $ 6.21 and gained more than 4 % in the past 24 hours. However, during the same period, due to the decrease in interest from traders and investors, the size of asset circulation decreased by 25 % compared to the previous day.
$ 2.80 million.
With these upscale market expectations, it appears that traders between today follow the same momentum, as mentioned by Coinglass Data.
The UNI Exchange Filter Map revealed that merchants are excessively at 5.88 dollars on the underside and $ 6.33 on the upper side, with $ 2.81 million and $ 400,000 from long and short positions, respectively.
This strong and huge betting on the long side reveals the morale of the Saudi market for traders.
