.Uniswap (UNI) Price Analysis – Kriptom – Uniswap (UNI) is currently consolidating between $ 27.97 and $ 35.20. The bulls tried to maintain the uptrend on March 20. However, the long wick on the candlestick and the close in the red indicate a profit take close to $ 35.20.
However, there has not been any follow-up sale today. Both moving averages are rising and the RSI is in the positive territory. This shows that the path of least resistance is up.
If the bulls can push the price above $ 35.20, the UNI / USD pair could push the next leg of the uptrend to $ 42.43 and then $ 46.
Contrary to this assumption, if the price drops and goes below the 20-day EMA ($ 30), the pair could drop to $ 27.97. This is an important support to be aware of. Because if it breaks, traders may run to the exit, resulting in a 50-day SMA ($ 25.39) followed by a deeper correction at $ 22.
The moving averages on the 4-hour chart are flattening and the RSI is just above the midpoint. This development shows that there is a balance between supply and demand.
If the price falls below the moving averages, a decline to $ 27.97 is possible. A leap from this support may prolong the stay of the currency in range.
The next trend move could begin after the bulls push the price above $ 35.20 or the bears break the pair below $ 27.97. Until then, the price could fluctuate between the support and resistance levels of the range.
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