Bitcoin

Resistance

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/uniswaps-market-struggles-a-deep-dive-into-unis-price-drop" rel="noopener noreferrer nofollow">Uniswap’s Market Struggles: A Deep Dive into UNI’s Price Drop</a><br></p>
<p style="text-align: justify">Recent market conditions have negatively impacted Uniswap’s (UNI) value, with a sharp decline of up to 40% following regulatory warnings from the SEC. Investors are now questioning the potential for recovery and are closely monitoring key price levels.</p>
<h2 id="recent-uni-market-trends">Recent UNI Market Trends</h2>
<p style="text-align: justify">The UNI/USD trading pair has been struggling, consistently staying under the $10.00 mark. The price has dipped to a low of $9.50 and is trading under the 100 simple moving average, signaling a bearish trend. The SEC’s announcement caused a significant sell-off below the $13 pivot level, with UNI feeling the ripple effects of market pressures on <a href="https://en.bitcoinhaber.net/investor-retreat-bitcoin-etfs-see-major-withdrawals" rel="noopener noreferrer nofollow">Bitcoin</a> and <a href="https://en.bitcoinhaber.net/consensys-counters-secs-security-worries-about-ethereum" rel="noopener noreferrer nofollow">Ethereum</a>, plummeting below its $10 support threshold.</p>
<h2 id="resistance-and-support-what-to-expect">Resistance and Support: What to Expect</h2>
<p style="text-align: justify">As UNI trades below $10, resistance levels pose challenges for a price rebound. Immediate resistance lies near $9.45, with more considerable resistance at $10.25. A breakthrough may lead to short-term gains. Investors should also keep an eye on the $11.80 level; surpassing it could encourage a push towards $12 and potentially $13.50.</p>
<h2 id="technical-indicators-and-further-risks">Technical Indicators and Further Risks</h2>
<p style="text-align: justify">Without a rise above resistance levels, UNI may face further declines. Key support can be found at $8.70 and $8.50, with $7.65 as a critical level that could signal further downtrends. Technical indicators like the 4-hour MACD and RSI are hinting at a growing bearish momentum and increased selling activity.</p>
<h2 id="points-to-consider">Points to Consider</h2>
<ul>
 <li>If UNI cannot overcome resistance levels, the likelihood of continued loss increases.</li>
 <li>Support levels of $8.70, $8.50, and $7.65 are crucial to prevent a steeper fall.</li>
 <li>A recovery could face hurdles at resistance levels of $9.45, $10.00, and $10.25.</li>
</ul>
<p style="text-align: justify">While investors remain cautious, observing these resistance and support levels could be key in predicting UNI’s market movements. The potential for recovery or further loss hinges on the <a href="https://en.bitcoinhaber.net/bitcoins-price-dynamics-is-a-repeat-of-2020-on-the-horizon" rel="noopener noreferrer nofollow">cryptocurrency</a>‘s ability to navigate these critical price thresholds.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/uniswaps-market-struggles-a-deep-dive-into-unis-price-drop" rel="noopener noreferrer nofollow">Uniswap’s Market Struggles: A Deep Dive into UNI’s Price Drop</a></h5>

Uniswap’s Market Struggles: A Deep Dive into UNI’s Price Drop

İçindekiler

BH NEWS

12 Nis 2024 tarihli diğer yazılar

aelf Leads the Fusion of AI and Blockchain to Shape the Future of Technology

Bitcoin Price Sustains Gains Above $70,000 Level

Cryptocurrency Immutable Falls More Than 5% In 24 hours

GBTC fees will drop when Bitcoin ETFs ‘start to mature’ — Grayscale CEO

Kitty Queen Coin (KITQUE) Set to Rally 5,500% in 7 Days as Cat Memecoins Challenge SHIB and DOGE

Crypto Liquidations Hit Over $200M In 1 Hour- What’s Going On?

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!