According to the most recent Uniswap price analysis, cryptocurrency is trending upward, as strong purchasing momentum is being seen. Green candlesticks have passed the $7.10 barrier and are currently marching toward their next objective. The buying activity will most likely pick up in the upcoming week. The purchasers will need to put up even more effort if the bulls are to achieve their next goal, which is 7.68.
UNI/USD 1-day price chart: Upward strike leads the price to $7.29 goal
As the coin value increased today, the one-day Uniswap price analysis reveals a strengthening bullish trend. Since the previous week, the price has been continuing an upward trend, favoring the bulls in the game. Due to the most recent bullish strike, the value of the UNI/USD is currently $7.29. If the bullish momentum continues to pick up steam, the upward trend is anticipated to last over the next few days. The one-day price chart’s moving average (MA) value is $6.86.
UNI/USD 1-day price chart. Source: TradingView
Given that the volatility is rising, an acceleration of the price increase is imminent. Additionally, the Bollinger Bands Indicator’s upper end has now hit $7.28 while its lower band has reached to $6.06, indicating support for the price function. The continuing bullish wave has caused the Relative Strength Index (RSI) score to increase to index 64.
Uniswap price analysis: Recent developments and further technical indications
Because of the recent bullish action, the hourly Uniswap price analysis is moving in favor of the purchasers. The bullish momentum is becoming steadier and steadier, and the price is rising. Due to the upward sweep, the bitcoin value has currently arrived at $7.29. The bulls are holding their ground, so chances of additional growth appear to be good. The hourly price chart’s moving average value is $7.12 at this time.
UNI/USD 4-hour price chart. Source: TradingView
The continued upswing has caused the short-term trending line to begin moving upward once more. The Bollinger bands are currently making an average of $7.00, with their upper and lower extremes being at $7.46 and $6.54 respectively. The RSI score, which recently crossed the 64 mark and indicates market purchasing activity, is edging closer to the overbought line.
Uniswap price analysis conclusion
The four-hour and one-day Uniswap price analysis support the market’s upward trend as the bullish momentum intensifies. Due to the most recent surge, the coin’s price has increased to $7.29. Similar predictions are made by the hourly price analysis because an uptrend was seen during the previous four hours.
