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UNI Price Analysis: Set resistance levels are crossed, great returns.

  • The token had a 24 hours trading volume of 419,163,667 and the gain of 52.24% was seen.
  • The coin had shown an engulfing bearish pattern in the last 24 hours.
  •  The token has shown a gain in percentage by 12.21% swince yesterday’s open.

The token has been running below its 200 days moving average but above its 50 days moving average. The token followed a pattern of price movement every 5-6 days in the month of June and provided a return of 10-15%. The chart above shows the movement of the coin with respect to SMA-20, SMA-50 and SMA-200. Along with it, an RSI oscillator is also present. RSI with the value of 61.468 marks the buy action. MA-5, MA-10 and MA-20 show the same buy action but MA-50 and MA-200 show the sell action. Bull/Bear power with the value of 1.2280 shows the same buy action.

SMA-20 has been running above SMA-50 and so the returns are expected to increase in the coming time. The candles are forming now which are almost near to 200 DMA and this could be the most prominent point in this timeframe as the holders might be looking forward to if the prices could go higher to get more returns.

Volume/Market cap for this token is 0.03414 and its market dominance is 0.82%. The UNI-BTC pair is trailing at the level of 0.0005785 and the gain of 8.11% was seen whereas the UNI-ETH pair is trailing at the level of 0.008931 and the gain of 6.22% was seen in the last 24 hours. The token has a total address of 250,544 and total active addresses in the last 24 hours are 4,507. Its top 10, 20 holders have holdings more than 60% whereas its top 50 and top 100 holders have holdings more than 80%, which is remarkable.

Conclusion: The days range for the token is 17.5240 – 19.1190 and presently running at 19.0330. The token is trailing above SMA-50 and so the time to long the token in short duration would not provide decent returns. However, if you wish to buy the token in the long run then some profits are possible. Go through the historical data before buying the token.

Technical Instruments: 

Pivot: 18.9057

R-1: 18.9340

R-2: 18.9514 

S-1: 18.8774

S-2: 18.8600

(Note- The unit is USD)