https://ift.tt/DrGU93A set to break below the intraday lows of $8.7

TL;DR Breakdown

• Uniswap price analysis is bearish today
• The strongest resistance is present at $11.4.
• The trading price of Uniswap is $8.99 today.

Uniswap price analysis is bearish today. The strongest resistance is present at $11.4, as the market prepares to drop below $8. The trading price of Uniswap is $8.99 today, and the coin has a market capitalization of $1.59 billion.

The 24-hour trading volume of UNI is $822.5 million, and the coin is currently changing hands at $8.99. The coin has lost 4.61% of its value in the last 24 hours.

In the weekly chart, the Uniswap price is down by 8.17%, and in the monthly chart, the coin is up by a mere 1.62%.

UNI/USD 4-hour price analysis: Recent updates

The Uniswap price analysis shows that the market is in a bearish trend as the price has dropped below $9. The 4-hour chart also shows that the market is in a downward spiral as the price is currently trading below the moving averages.

The 50 MA (green) is present at $9.67, and the 20 MA (blue) is present at $10.03. The RSI is at 35, and it shows that the market is oversold. The MACD is also in the bearish zone as the signal line (red) is above the histogram (orange).

The 4-hour chart also shows that the market is in a downward spiral as the price is currently trading below the moving averages.

UNI/USD 4-hour price chart source: TradingView

The 50 MA (green) is present at $9.67, and the 20 MA (blue) is present at $10.03. The RSI is at 35, and it shows that the market is oversold. The MACD is also in the bearish zone as the signal line (red) is above the histogram (orange).

The Uniswap price is bearish today, and the market may drop below $8 in the near future. The immediate support is present at $8.5, and if the market breaks this level, it can fall to $7.5.

The Uniswap price is bearish today and the market may drop below $8 in the near future according to the 4-hour chart. The immediate support is present at $8.5, and if the market breaks this level, it can fall to $7.5. On the upside, the resistance is present at $9.5, and if the market breaks this level, it can rise to $10.5.

Uniswap Price Analysis for 1-day: Market closes

The Uniswap price is currently trading at $8.99, and it has a market capitalization of $1.59 billion. The 24-hour trading volume of UNI is $822.5 million, and the coin is down by 4.61% in the last 24 hours.

UNI/USD 1-day price chart source: TradingViewUniswap price analysis is bearish today. The market may drop below $8 in the near future according to the 4-hour chart. The immediate support is present at $8.5, and if the market breaks this level, it can fall to $7.5.

Uniswap Price Analysis Conclusion

The Uniswap price is bearish today and the market may drop below $8 in the near future according to the 4-hour chart. The immediate support isips below $8.5 could push UNI towards the $7.5 mark in the near-term. On the upside, only a move above $9.5 would invalidate the bearish setup on the 4-hour chart and open up scope for a retest of $10.5 levels.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.