- The varsity faces many ups and downs in their time to see who wins at the varsity expense
- Uni’s current price is moving
- The UNI/BTC pair is active
Uniswap’s fluctuating price is making it difficult for investors to move forward or it looks like UNI investors have been on the fence. Both the bull and the bear are in tough competition. The bulls are trying hard to push the price up, but the bears are dragging their legs. Investors are eagerly awaiting any price movement of the coin. Let’s see where the price of the coin will go.
The current price of Uniswap is around $8,765 with an overall increase of around 5% during the intraday trading session. The UNI/BTC pair is trading at 0.0003728 BTC. It seems like UNI price is moving towards the primary support at $6.6216. Unless the bulls work hard, it will be easy for the bears to manipulate UNI’s price. This could push the price towards the secondary support level of $5.4746. If the bulls come up with a better strategy to outperform the bears, the bulls can capture the coin’s price and the price can reach the primary resistance of $9.2694 and if the bears fail to rise or the bears plan to increase the price Failing this, the price can reach the secondary resistance at $10.1442. Both bulls are bears, they need to make an effort to push UNI’s price into their desired zones.
UNI volume is up 5.86% during the intraday trading session. The continued increase in volumes clearly shows that short selling pressure is easing and buying is consolidating. The volume to market cap ratio is 0.08717. Sellers have to work hard to achieve their desired goals. As buying ramps up, that could come as some relief for investors. Investors can choose either way. This will also give new investors the opportunity to enter the business.
Technical indicator is showing the following: Relative Strength Index is in overbought territory and buying is consolidating, sellers are calling for UNI price to normalize. The current RSI is 67.94. is
which is above the average RSI. The average RSI is 62.58. The price is floating above the expected 20,50,100 moving average and is still lagging the 200 daily moving average. UNI’s investors will have to decide whether or not to go after the whales. This can further increase the price of the coin.
Support levels: $6.6216 and $5.4746
Resistance levels: $9.2694 and $10.1442
The views and opinions expressed by the author or any person named in this article are for informational purposes only. It does not constitute financial, investment or other advice. Investing in or trading in crypto assets involves risk of financial loss.