CandleFocus Will Uniswap (UNI) Find Its Momentum Again?
2024-12-06
Author: Content Editor
The global cryptocurrency market has experienced a decline, with Bitcoin and Ethereum losing ground. However, altcoins like Uniswap (UNI) have seen positive gains, with a spike of over 3.65% in the past 24 hours. UNI's price has surged over 79% in the last thirty days and has gained momentum over the past week by 28%. Traders expect an altcoin rally in December, but UNI's price could test nearby support around $14 or dip below $10 if selling pressure increases. On the other hand, if UNI bulls take charge, the asset could retest immediate resistance at $17.68 and potentially reach the $20 mark. Technical analysis suggests a downside trajectory and a potential bear run, with the MACD line below the signal line and negative money flow indicated by the CMF. UNI's trading volume has also decreased by over 10.80%. The short-term moving average has crossed the long-term moving average, and the daily RSI is at 65.60, indicating a neutral zone in the market.
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