Recently, the Uniswap coin recorded a huge surge of 72% before it faced a crash at $12,556. Since then, the price has been steadily cooling.
The Moving Average Convergence Divergence (MACD) is showing a significant increase on the histogram, indicating a significant increase in buying pressure in the market. Additionally, the averages show a sharp rise, suggesting that the price will continue to rise in the coming days.
Will Uniswap Reach $100?
If the market pushes the price above the $12.556 resistance level, bulls will regain momentum and get ready to test the upper $14 resistance level.
Maintaining the price at this level will set the stage for the UNI coin price to attempt to test the $15.5 upper limit over the weekend.
Conversely, if a trend reversal occurs, Unicoin will lose momentum and fall to test the $11,399 support level. Moreover, if the bears continue to dominate the market, it will continue to fall and prepare to test the lower support level at $8.50 this month.
