Uniswap (UNI) is exhibiting bullish behavior as the prices have moved up to $6.08 level. The 24-hour market capitalization and trading volume have increased respectively by 3.511 percent and 3.87 percent, indicating some trust founded in the coin. During the day, the 1-day Uniswap price analysis has shown the coin gaining more than 3.46 percent in value and the current MA resting on $5.89. The 4-hour Uniswap price analysis displays the increase in bulls presence on the price chart giving an upper hand at present. The RSI is at 60.99, demonstrating that the bulls are dominating in the market.

The technical indicators confirm that the UNI coin is on an uptrend and should not face any major rejections. Nevertheless, the resistance must be observed to check if the bulls are strong enough to break through. The support as of now stands at $5.87 and is expected to be reliable with respect to the current market conditions. The upward trend of Uniswap (UNI) is likely to continue provided the support levels are maintained and increased bullish momentum is observed.



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