UNI Heads to the Upside as TAMA Becomes Hotter

The Uniswap (UNI) price prediction may likely set a bullish run if the market can climb back above the $6.7 resistance level.

Uniswap (UNI) Statistics Data:

• Uniswap price now – $6.26
• Uniswap market cap – $4.7 billion
• Uniswap circulating supply – 762.2 million
• Uniswap total supply – 1 billion
• Uniswap Coinmarketcap ranking – #17

UNI/USD Market

Key Levels:

Resistance levels: $8, $9, $10

Support levels: $5, $4, $3

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UNI/USD is trading within a positive movement at the time of writing. The market is running a little retracement move above $6.0 resistance with price growth of 5.76%. However, Uniswap (UNI) is beginning to maintain a bullish movement within the channel and traders can expect the price to continue to rise as soon as the bulls put more pressure on the market.

UNI Price Breaks to the Upside, TAMA Becomes Hotter

If the lower boundary breaks again, the Uniswap price may slide back to $5.9 and $5.7 support. Moreover, if the price keeps respecting the upward movement, traders can then expect a bullish continuation after touching the $7 level. As the technical indicator Relative Strength Index (14) faces the north above the 50-level, the next resistance levels could be located at $8, $9, and $10 respectively.

Looking at the price formation, a bearish break below the 9-day and 21-day moving averages could play out for this market if the bears step into the market. More so, a bearish extension could roll the coin back to the long-term support levels at $5, $4, and $3. Therefore, a continuous fall might further lead to a violent break towards the lower boundary of the channel.

When compares with Bitcoin, buyers are stepping back into the market as the coin keeps showing some promising signs that could make higher highs should it keep on moving above the 9-day and 21-day moving averages. Looking from the upside, the nearest resistance level lies at 3379 SAT as higher resistance lies at 3700 SAT and above.

Meanwhile, from the downside, the nearest support level is located at 3081 SAT, and if the price drops further to create a new low, lower support could be located at 2800 SAT and below. More so, the technical indicator Relative Strength Index (14) is crossing above 60-level, suggesting that the bulls are coming into focus.

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