Uniswap Coin’s Bullish Trajectory Sets UNI To Breach $7 Level

Name	Symbol	Market	Market Cap ($)	Algorithm
Binance Coin	BNBUSD	Crypto	86,701,854,486	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Binance Coin

BNBUSD

Crypto

86,701,854,486

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-12.41	-2.21%	548.53	548.45	548.64

Price Change

Price Change %

Current Price

Bid Price

Offer

-12.41

-2.21%

548.53

548.45

548.64

High Price	Low Price	Open Price	Prev. Close	52 Week Range
563.40	543.08	560.95	560.95	210.00 - 683.83

High Price

Low Price

Open Price

Prev. Close

52 Week Range

563.40

543.08

560.95

210.00 - 683.83

Exchange	Last Trade	Size	Trade Price	Currency
BINA	04:39:29	0.159000	548.36	USD

Exchange

Last Trade

Size

Trade Price

Currency

BINA

04:39:29

0.159000

548.36

USD

Price x Volume	Volume	Base Symbol	Related Pairs
7,071,967.01	12,873.56	BNB	BNBEUR	BNBGBP	BNBBTC

Price x Volume

Volume

Base Symbol

Related Pairs

7,071,967.01

12,873.56

Uniswap Coin’s Bullish Trajectory Sets UNI To Breach $7 Level – Time To Buy?

20/10/2022 3:40pm

NEWSBTC

Upward trends in price charts bode well for Uniswap. CoinGecko reports that over the past 30 days, the token’s value has increased by 17.6 percent. The currency appreciated by 6.5% in value throughout the course of the week. As of this writing, UNI is still in an uptrend, and there are indications that the bullish momentum will continue, pushing the price of UNI into or over the $7 barrier mark. UNI’s gains are only one example of the several cryptocurrencies that took advantage of the market turmoil caused by the recent CPI report. Is the market getting carried away with its optimism, or can UNI’s positive momentum continue to the $7 resistance level? Related Reading: Binance Coin Buying Volume Up – Will This Push BNB Up To $275 Level? The Unicorn Spell CryptoQuant reports that the token’s exchange reserve numbers are on the rise. That people are getting ready to sell again is a gloomy sign. During the September 21st UNI rally, the coin was rejected at the $7 price resistance level, providing evidence of this phenomenon. Currently, the momentum indicator is at 0.062. This is barely above the 0 line of neutrality. The RSI indicator currently rests at 52.61 and 50.24 correspondingly, indicating a deceleration. Even though the token’s movement is slowing, its predominant adherence to the XABCD shape may indicate more bullishness. However, the token has met a roadblock in its quest towards the $7 price area. The recent rejection of the token at $6.774 will present a difficulty in the coming days. Has The Adjustment Phase Begun? Chaikin’s money flow indicator shows that the bulls continue to control the market. At a value of 0.02, the bulls can use this to generate more momentum and eventually push the price towards $7. However, if bears seize control of the market, the $5.993 support line is their greatest defense against a possible reversal. Market corrections are typical for both stocks and cryptocurrencies. As a result of the rising level of foreign exchange reserves, investors and traders should be prepared for potential volatility in the next days or weeks. Related Reading: https://www.newsbtc.com/news/binance-coin-buying-volume-up/ UNI market cap at $4.8 billion on the daily chart | Featured image from Forkast, Chart: TradingView.com Disclaimer: The analysis represents the author's personal views and should not be construed as investment advice.

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BNBUSD Binance Coin