Coin Gabbar Token

Today, UNI prices are attempting to gain traction at the important support level of $5.70, as rising selling pressure indicates a bearish breakout. Because of the bullish divergence, the RSI indicator suggests a reversal with a lower price rejection.According to the<a href="https://www.coingabbar.com/en/price-analysis" rel="noopener noreferrer nofollow"> Price analysis</a>, UNI prices fell by 9.52% to test the crucial support of $5.7, teasing a price drop of 20% to the $4.5 mark this month.The UNI price reverted from the $5.7 support level on August 29th, with a 10% bullish engulfing candle. As a result, the overhead resistance of $6.75 acts as the starting point for a consolidation range. However, the last correction with a bearish engulfing candle drops prices by 11% to the critical support level of $5.7.The decline is accompanied by a rise in intraday trading volume, which supports the possibility of a bearish breakout. The bearish follow-through candle, on the other hand, displays low price rejection and ends the present correction phase.<a href="https://www.coingabbar.com/en/crypto-currency/uniswap-uni-prices-usd" rel="noopener noreferrer nofollow">UNISWAP</a> performance has declined in recent hours. According to the most recent data, it has lost nearly 9.52% in the previous 24 hours. UNI is now trading in the $5.90 range. This coin’s market cap is estimated to be $5,869,411,927. The same coin’s 24-hour trading volume is around $132,960,487.On the downside, an initial support level is at $5.70. The next important level of support is around $5.00. A breach below the $5.00 support level might lead to a major fall. Any further losses may require a test of $4.50.The first significant resistance is at $6.00. The next real hurdle is $6.50. Any more gains might open the door for a move towards the $7.40 resistance in the near term. Above $7.40, UNI faces heavy resistance at $8.00.KEY LEVELS :RESISTANCE LEVEL : $6.20-$7.00SUPPORT LEVEL : $5.20-$4.40Get more crypto related updates on ;-<a href="https://www.coingabbar.com/en/crypto-news-english" rel="noopener noreferrer nofollow"> https://www.coingabbar.com/en/crypto-news-english</a>

UNISWAP PRICE ANALYSIS : Will the bulls be able to keep the $5.70 level as the bearish flag is breached?

Coingabbar

Other articles published on Sep 7, 2022

💰 STOP WASTING YOUR TRANSACTION FEE 💰

What are Gas Fees in Ethereum? And How to Reduce Them

First Ecosystem live in a beta version "pyloncharge.com"

Could Uniswap fix NFT illiquidity and information asymmetry?

Brazilian Tax Authority Records Highest Cryptocurrency Statements

4 Ways to Earn with Mones

Join our free newsletter for daily crypto updates!