Uniswap has significantly outperformed other performing cryptos. This crypto has risen around 5%, which is considerably higher than other cryptos on the daily movers list. Moreover, the readings on the trading indicators predict that a little higher price gain can be expected in this market.
Current Uniswap price: $7.36
Uniswap market cap: $5.4 billion
Uniswap total supply: 1 billion
Uniswap Rank: 17
Important price marks:
Cap marks: $7,200, 0.7 $300, $7,360
Ground marks: $7,186, $7,050, $7,000
UNI/USD Value Prediction: Trading Chances on the Uniswap Market
It seems that crypto traders have been able to spot trading opportunities in the Uniswap market. This stems from the fact that currently buyers continue to push the price of this crypto higher. The UNI/USD The daily chart reveals that we may be in the early stages of a gradual price rally. Looking at the moving averages on this chart, we can perceive that the 9 and 21 day moving averages are below the price candlestick. Therefore, this means that the uptrend is still valid. If eventually these MA lines can cross below the price candlestick, the value of Uniswap will increase further. Also, this may eventually bring the crypto value to higher resistance at around $7.50 and $8.00.
UNI/USD Value Prediction: Uniswap Upward Movement Is Bigger Over Shorter Time Frames
The 4-hour UNI/USD trading chart further sheds light on the upward price trend in the Uniswap market. Similar to what we noticed on the daily chart, the MAs remain below the trading candlesticks. However, here the last candlestick formed significantly above the MA lines.
Therefore, this confirms that the uptrend is still valid. On top of that, we can see that the activity on the Stochastic Relative Strength Indicator represents a steadily increasing value. However, a possible reversal is near, the value may reach the aforementioned levels. Therefore, traders can set a stop loss at the $7.40 price level.
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