Uniswap’s UNI Could Plunge to $2.50 as Trendline Resistance Holds
Uniswap’s governance token UNI has seen mixed price action as of late, with bulls and bears reaching an impasse following the notable upswing seen earlier in the week. The token’s price action has done little to provide investors with insight into where it will trend next, as the promising future of the decentralized exchange has […]
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Bitcoin (BTC) is at risk of extending its ongoing downside correction as it breaks below a so-called “legacy trendline.” As spotted by an independent, pseudonymous chart analyst, the said trendline was acting as a support to Bitcoin since March 2020. On September 30, the BTC/USD exchange rate fell below the price floor and flipped the Ascending Trendline into resistance. The pair lately tested it twice for an upside breakout, but with no success. The TradingView […]
Uniswap’s UNI started a decent increase above $5.35 against the US Dollar. The price is likely to continue higher above $6.00 and $6.20 in the near term. UNI started a fresh increase after forming a base above the $4.75 level against the US dollar. The price is trading above $5.65 and the 100 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near $5.35 on the 4-hour chart of the UNI/USD pair (data source from Kraken). The pair is likely to continue higher if it clears the $6.00 and $6.20 resistance levels in the near term. Uniswap’s UNI....
Uniswap’s UNI token has been struggling to garner any sustainable upwards momentum over the past few days and weeks, with each rally being met with massive inflows of selling pressure that force its price lower. There are no immediate catalysts for it to see any significant upside, as it will still be quite some time […]
Bitcoin’s price struggles to stick to $10,700 as Uniswap’s decentralized exchange trading volume falls to cap September.
Bitcoin price is drawing sideways above $410. With plenty of volume – both on the buy and the sell side – we can expect that the market will soon choose a direction. Clear support and resistance close to the area of price will give an early indication of trend. Interesting price action that has drawn sideways for 24 hours and now attempts to push higher toward resistance. It could be that a complex correction is developing, that could seek to target the long-term resistance ceiling (grey). Alternatively, we might see price reverse at the dark blue trendline, directly above price action,....