Uniswap Price Prediction for Today, May 5: UNI/USD Swings Above $5.20 Resistance

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The Uniswap price prediction shows that UNI is beginning to restart the uptrend after touching the daily low of $5.2.

Uniswap Prediction Statistics Data:

Uniswap price now – $5.55
Uniswap market cap – $3.1 million
Uniswap circulating supply – 577.5 million
Uniswap total supply – 1 billion
Uniswap Coinmarketcap ranking – #22

UNI/USD Market

Key levels:

Resistance Levels: $6.50, $7.00, $7.50

Support Levels: $4.50, $4.00, $3.50

Uniswap Price Prediction for Today, May 5: UNI/USD Swings Above $5.20 Resistance — UNIUSD – Daily Chart

UNI/USD heads to the upside as the price hovers around the resistance level of $5.55 from the low of $5.24. However, a daily close above the 21-day moving average may increase the Uniswap price to $6.00. Meanwhile, traders should note that a consistent price increase could bring more buyers into the market if the bulls increase their positions.

Uniswap Price Prediction: Price May Begin to Break Higher

In the past few days, the Uniswap price has been following the downward movement, but the bulls resumed the market and begin to push the coin to a touch resistance level of $6.00. Moreover, the daily chart reveals that if the 9-day moving average crosses above the 21-day moving average, it will push the coin to the upside.

Meanwhile, bears may take advantage of the coin slides below the 9-day moving average. However, the technical indicator Relative Strength Index (14) is likely to cross above the 60-level. Moreover, if the Uniswap price crosses above the moving averages, it could cross above the upper boundary of the channel to hit the resistance levels of $6.50, $7.00, and $7.50, but facing the south may bring the price down to the supports at $4.50, $4.00, and $3.50.

Against Bitcoin, the Uniswap price is moving to cross above the 9-day moving average. However, intraday trading is bullish as the coin moves bullishly which could reach the resistance level at 1500 SAT and above.

On the contrary, if the sellers bring the market toward the lower boundary of the channel, any bearish cross below this barrier may cause this coin to hit the support at 1500 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross above the 40-level, suggesting bullish movement.

Alternatives to Uniswap

The Uniswap price is likely to trend to the upside and it will have to stay above the 9-day and 21-day moving averages in other to guide against the downward pressure. However, if the bulls increase the buying pressure, the coin could touch the resistance level of $6.50. On that note, Love Hate Inu (LHINU) is a meme token that offers real utility in a voting system based on blockchain technology, it is a secure and transparent platform for voting on issues that matter. Therefore, users can stake to vote as the voting process is both verifiable and anonymous. However, since the launching of the presale, the token has raised almost $14m so far.

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