Uniswap is the world's leading automated cryptocurrency trading platform and one of the most popular decentralized exchanges on the Ethereum blockchain. In this Uniswap price analysis, we will look at the performance of UNI over the past few days and discuss current levels.

The current UNI market sentiment is bearish due to the weak performance over the last few days. The UNI/USD pair opened the daily trading session at an intraday low of $5.3411 and has been trading sideways in a descending triangle pattern. The Bollinger bands are also converging, signaling that the current price pattern will not last for long. The 24-hour trading volume has seen an increase of 10.34%, while the market capitalization stands at $3.06 billion.

The RSI has been decreasing from 47.86 to 44. Meanwhile, the moving average indicator shows that the 50-day MA is trading below the 200-day MA, indicating a bearish crossover in the UNI market. Recently, the price broke out of the $5.35 resistance, pushing UNI down to a level of $5.30. As of now, if the coin fails to break this resistance, it is likely to continue its downward trend.

Similarly, if the price drops below the $5.20 support, investors can expect to see further losses in the near term. The decreasing volatility and bearish market sentiment suggest that the trend will remain bearish for the coming days. However, if the support holds up, we can expect to see a rally in the UNI market in the near future.



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