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

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