- UNI price presents a bearish picture today.
- The coin’s critical resistance stands at $18.8.
- Uniswap’s trading price is $10.8 today.
Uniswap price shows a colossal fluctuation beneath the $11 level, but the asset might surge amid emerging bullish potential. UNI/USD extended substantial upswings after dropping towards $9.7 on 27 January when the coin declined for $10.9 from $9.7. However, bearishness dominated the following day (28 January), translating to downside fluctuations.
However, Uniswap has high bullish strength today (29 January) while eying $11. While publishing this blog, UNI/USD trades at $10.8, following a 4.46% upsurge within the past 24 hours. Meanwhile, the token’s trading volume stands at $170,478,069.
UNI/USD 4Hr Chart – Latest Updates
Uniswap’s price outlook indicates a significant falling trend, leading the market to a squeeze. That makes UNI less prone to volatile shifts on either extreme. The Bollinger’s upper limit serves as Uniswap’s most significant resistance at $11.1. Moreover, the Bollinger band’s lower limit at $9.9 acts as an additional resistance point rather than a foothold for the alt.
UNI/USD price seems to cross over the Moving Average curve, suggesting a bullish move. Also, the tokens maintain an upside stance. Meanwhile, the RSI at 51 depicts stability as the asset sits in the topside neutral territory. The indicator’s reading appears to follow a linear path, showing market solidity. The RSI score stays constant due to buying activity equaling selling activity.
UNI 24Hr Timeframe – Bullish Opportunities
UNI shows market volatility following an inclining trend, making Uniswap prone to volatility changes. The Bollinger’s upper limit stands at $18.8, serving as the asset’s crucial resistance. On the other side, the band’s lower zone at $8.5 is UNI’s critical support.
UNI price seems to cross beneath the Moving Average curve, confirming a bearish trend. Nevertheless, the asset maintains an upside move that will meet the MA soon, authorizing bullish a potential regime. The RSI of 32 signifies the UNI, entering undervalued conditions. Also, the upward actions by the RSI suggest a move towards stability. That can be a stem for UNI to exit the undervalued territory. It also shows dominant buying activity in the market.
Final Thought
Uniswap’s price reveals bears in control. However, bulls show potential, and they may shift the market’s dynamic. A reverse seems possible as the Relative Strength Index score surges towards stability. With that, UNI/USD may witness a substantial surge in the up-and-coming days.
