Uniswap

The post <a href="https://coinpedia.org/price-analysis/uniswap-price-faces-series-of-rejections-whats-next-for-uni/" rel="noopener noreferrer nofollow">Uniswap Price Faces Series Of Rejections, What’s Next For UNI?&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
<a href="https://markets.coinpedia.org/uniswap/" rel="noopener noreferrer nofollow">Uniswap</a> price rallied 42% in a 7-day frame but recent price action is negative with a 24-hour drop of -4.79%, and price trading at $10.99. Uniswap’s 24-hour volume dropped 36.5% to 332 million, UNI Price is losing the trend with on-chain data showing increased selling pressure, and investors ejecting with profit.
UNI, the governance token of Uniswap decentralized exchange invalidated the long-term sideway pattern and broke our zone of $6.66 and $8.25. The impulse uptrend made prices sit above the SMA 100 level.&nbsp;
UNI crypto price action in the last month and week is an uptrend the recent 2 days have been fearful. The Price started corrections at $11.5 and has gripped a downward rally today.&nbsp;
Increased accumulation and distribution indicator shows how the price accumulation makes big waves and the distribution remains constant.&nbsp;
<h2 class="wp-block-heading" id="h-uniswap-trend-is-uncertain-nbsp">Uniswap Trend is Uncertain&nbsp;</h2>
<a href="https://markets.coinpedia.org/uniswap/" rel="noopener noreferrer nofollow">Uniswap</a> faced rejection at the order block zone of $11.5, there is a critical support near $10.7 and one strong one at $8.60. The price 4hr chart is approaching a channel pattern, if the asset breaches down the $10.7, we can see a significant drop ahead.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeVv3brMwOHOAoHRK5GK9CGJCEiWdQgHfy7y2bgzr6RKKXyPgSr0dD5IQVUIUERf1IGdkTfIUPD422GwBmHovlLjECdHX092zjGbgFHhVeOoLWYlOYDHBwd79YkR0Z55YMlW733I4L0hYNTCIsPhmzE_jkr?key=-OVvNhmCG2h_BuEhNu5geA" alt="">
</figure>
RSI at 72.29 is above the threshold of 70, this indicates the asset is overbought and dropping below this is a clear indicator to sell. If bulls resist and power up to swing above the 70, price rebound is possible.&nbsp;
Although the price is trading above all day’s moving averages, technical indicators and on-chain data portray a mixed analysis. The UNI price action hereafter can be uncertain,&nbsp;
<h2 class="wp-block-heading" id="h-investors-intend-to-take-profit-nbsp">Investors Intend To Take Profit&nbsp;</h2>
The Sentiments Market Value to Realized Value (MVRV) dropped from 35% to 25% on Saturday. This indicates that the buyers of last month are now sitting at 25% profit. Exit of these holdings may lead the price to drop 8% more.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeduCCtx3mErh9QRTqOy7JeCG--C9KaXJ0mSf9xis3MSqxqlaQf08sVQbu6rCCnt1XWzqA5c8t_j6L7d03cD9E2OO8Cc39l3PLB6Ejbk2wCZJjdveVMqdV0JOpZKUaPoIqj7E_4TJx8iAMC96IdnvdAnFA?key=-OVvNhmCG2h_BuEhNu5geA" alt="">
</figure>
<h2 class="wp-block-heading" id="h-trade-setup-for-uni-nbsp">Trade Setup for UNI&nbsp;</h2>
Trend: Neutral to Bearish
Entry: Near $10.7 ( if does not break the trend line or WAIT )&nbsp;
SL: $10&nbsp;
TP: 12% to 15% ( if breached upper level of $11.8 )&nbsp;

Uniswap Price Faces Series Of Rejections, What’s Next For UNI?

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