Uniswap (UNI) Price Struggles To Overcome $6.8 Resistance
A Uniswap (UNI) recent market downturn has forced UNI’s trading range to shrink significantly. During the bull market in July, UNI jumped by more than 60 percent in just over two days, prompting the subsequent fall. After this price increase, the weeks that followed showed a reversal pattern known as a “head and shoulders,” which eventually led to a price decline. The price showed significant volatility over a 16-day period, as evidenced by the market’s historical statistics. This volatility pointed to a fierce battle between bulls and bears. Related Reading: Terra....
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Uniswap price is consistently travelling southward on the one-day chart. UNI’s bulls have not been able to break past its immediate support, causing traders to lose confidence. Over the last 24 hours, Uniswap lost 4% of its value. In the past week, UNI surged 4% on the one-day chart. The technical outlook of UNI remained mixed with some signals pointing toward the bears taking over the market. The coin’s current support zone was between $5.60 and $5.00, respectively. The bulls have constantly attempted to break past the $5.94 level. This has caused buyers to leave the market as....
Uniswap price displayed almost no movement over the last 24 hours as the coin registered 0.8% downward movement on its chart. UNI was hovering around the $7 price level and was unable to break past its closest price ceiling. If the coin does not manage to move past the resistance level then it could lose its support line. Technical outlook for Uniswap price indicated that could it register further drop on the chart. Move to the above resistance level will be difficult as buyers have exited the market. Increased selling pressure can push Uniswap price to the next support level. Bitcoin....
NEAR Protocol is looking bullish as it darts past the $4.7 support zone. NEAR’s bullish momentum appears to wane Price exhibits low trading volume NEAR price trading at $4.51 However, judging by the price movement, it looks like the bull’s luck may be running out. On the other hand, NEAR’s trading volume appears to be diminished or low even if the altcoin has amassed roughly 35% gains in that same period. So, does this mean a faltering demand for NEAR? From a long-term perspective, NEAR’s resistance and support levels could be anywhere near the $3.7, $4.5, and $6.8 levels; respectively.....
Solana (SOL) struggles to break key resistance after it suffers a huge loss on a hot wallet hack, losing over $5M creating so much panic in the heart of many faithful. The price of SOL looked strong in the early part of the week, trading above $40, trying to break the resistance before having an attack on some wallets drained more than $8 million from Solana users. It now struggles to break above the 50 exponential moving average (EMA) on the one-hour (1H) chart. SOL Daily Chart Analysis The daily chart for SOL shows it is trading at $38.7 below the 50 & 200 exponential moving average....
Uniswap price has been able to break past the consolidation phase. Over the last 24 hours, the altcoin has moved up by more than 4%. In the past week, the coin surged close to 8%, which can be equated to a rally. UNI has been consistently green ever since the other altcoins started to travel north on their charts. The technical outlook of the coin also agreed with the bullish force. However, it is important for Uniswap to maintain this momentum and trade above its immediate price ceilings. If not, then the bulls could soon lose their strength. Buyers have been supportive of the bulls. As....