UNISWAP has returned to merchants radar after a strong bounce from its last lowest level. The distinctive symbol was suspended to less than $ 5 for most April, but then suddenly rose to $ 7.55 before declining slightly.
Now, the PRICE UNI is trading about $ 7.07 after a decrease of about 6 % a day. Many people wonder whether this is the beginning of a greater step, or they missed the boat?
What the UISWAP chart and indicators say
The price chart shows a clear outbreak of the long, long -standing trend that spanned from January to early May. PRICE UNI lost more than 65 % of its value during this decrease, as it decreased from more than $ 16 to less than $ 5. But the last step changed the structure, with a strong leg that was a higher rise.
The price is now withdrawn and testing the area from 6.50 to $ 7.00, which was previously resistance and has now turned off. If this area persists, Bulls can target a simple moving medium for 200 days (SMA), currently at $ 9.59. This level can be the following main resistance, followed by the psychological barrier at $ 10.
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On the negative side, a break less than $ 6.50 may offer UISWAP to re -test $ 6.00 or even $ 5.70. The code base remains intact between $ 4.30 and $ 4.90, as buyers previously entered.
The price of uniswap is traded at $ 7.0892 in writing. It has recorded an increase of 8.26 % during the past day, with a 35 % trading volume, indicating an increase in interest and activity.
A look at the daily technical indicators indicates a strong momentum in the short term, despite its existence Also signs that Uni may need calm.
| index | value | explanation |
| MACD | 0.234 | The upscale ascending crossings |
| CCI | 210.15 | Seen |
| The final oscillator | 67.31 | Positive momentum across time frames |
| Change rate (ROC) | 27.54 | A strong upward price movement |
| Taurus power/bear | 2.605 | Buyers are still dominant |
The MACD remains the top of the signal line, indicating that the pressure is still present. The rate of change emphasizes the strong upward trend, while the strength of the bull/bear reflects the purchase of interest. However, CCI is higher than 200 indicates that the price of UNI may be temporary excessive, and there will be no monotheism or withdrawal in the short term.
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UNISWAP price expectations
If the UNI exceeds the level of $ 6.70 and regains strength over $ 7.50, then the next logical goal is a range of $ 9.00 -9.50 dollars, and is in line with the moving average for 200 days. A continuous step above can open the door to $ 10 and beyond.
On the other hand, a break less than $ 6.50 may turn momentum in favor of bears. In this case, traders may look at a $ 6 or $ 5 region for the next possible apostasy.
So, is it too late to buy Uni?
Not necessarily, but it is not an early entry as well. It has already happened the most powerful gains of $ 5.00. At the present time, it seems that the price of UNI is in unification phase. Whether it leads to another outbreak, or it is likely to rely on a deeper decline in the wider market conditions and the ability of the distinctive symbol to obtain current support. At the present time, it is the moment of waiting, and it is not chased.
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