The Uniswap price had risen to almost $6 on its chart, but the bulls were unable to maintain that level. Over the last 24 hours, the coin again lost momentum and fell south on its chart.<\/p>\n
Over the last 24 hours, UNI registered a 0.9% increase in its price. In the past week, the coin negated most of its gains and lost 1.2% of its market value.<\/p>\n
The Uniswap price technical outlook was bearish, and selling strength was higher, causing the price to drop further on its chart.<\/p>\n
Although Uniswap tried to move in a different direction than the broader market, the bulls gave up. Bitcoin also lost the $19,000 price mark and is closing in on its immediate support level.<\/p>\n
For the Uniswap price to revisit the $6 price mark, buyers need to re-enter the market.<\/p>\n
Although just 48 hours ago the coin displayed a bullish stance, an increase in the number of sellers has invalidated the chance of a bullish revival.<\/p>\n
The global cryptocurrency market cap today was $958 billion, with a 0.4% negative change in the last 24 hours.<\/p>\n
Uniswap Price Analysis: One Day Chart UNI was trading at $5.73 at the time of writing. The coin was trading very close to the $6 mark. However, the buyers exited the market.<\/p>\n Overhead resistance for Uniswap price stood at $6, and if UNI can move over the $6.40 price level, the altcoin\u2019s upward movement could be anticipated.<\/p>\n The nearest support level for the coin stood at $5. A fall from the $5 price mark could push UNI to trade near the $4 price zone.<\/p>\n The amount of Uniswap traded in the previous session indicated that selling strength increased on the one-day chart.<\/p>\n Technical Analysis The altcoin\u2019s technical indicators note the bears taking over as buying strength dipped on the one-day chart. For most of the month of September, buying strength remained low for the altcoin.<\/p>\n The Relative Strength Index was below the half-line and that meant a lower amount of buying strength on the one-day chart.<\/p>\n Uniswap price was below the 20-SMA line. This meant bearishness for the coin. It meant that sellers were driving the price momentum in the market.<\/p>\n Uniswap depicted the onset of a buy signal on the one-day chart | Source: UNIUSD on TradingView<\/a><\/p>\n The technical outlook for Uniswap was also mixed as the indicators also picked up on buy signal for the coin. Despite buyers remaining low, indicators indicated that there could be a possibility of buy signal for the altcoin.<\/p>\n The Moving Average Convergence Divergence points toward the price momentum and overall price action of the coin. MACD underwent a bullish crossover and started to depict tiny green histograms as buy signals for UNI.<\/p>\n This meant that, with more buyers, UNI could recover its chart. The Chaikin Money Flow displays capital inflows and outflows. CMF climbed above the half-line, signalling more capital inflows compared to outflows.<\/p>\n Featured image from GreenBiz, chart from TradingView.com<\/a><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n The Uniswap price had risen to almost $6 on its chart, but the bulls were unable to maintain that level. Over the last 24 hours, the coin again lost momentum and fell south on its chart.<\/p>\n Over the last 24 hours, UNI registered a 0.9% increase in its price. In the past week, the coin negated most of its gains and lost 1.2% of its market value.<\/p>\n The Uniswap price technical outlook was bearish, and selling strength was higher, causing the price to drop further on its chart.<\/p>\n Although Uniswap tried to move in a different direction than the broader market, the bulls gave up. Bitcoin also lost the $19,000 price mark and is closing in on its immediate support level.<\/p>\n For the Uniswap price to revisit the $6 price mark, buyers need to re-enter the market.<\/p>\n Although just 48 hours ago the coin displayed a bullish stance, an increase in the number of sellers has invalidated the chance of a bullish revival.<\/p>\n The global cryptocurrency market cap today was $958 billion, with a 0.4% negative change in the last 24 hours.<\/p>\n Uniswap Price Analysis: One Day Chart UNI was trading at $5.73 at the time of writing. The coin was trading very close to the $6 mark. However, the buyers exited the market.<\/p>\n Overhead resistance for Uniswap price stood at $6, and if UNI can move over the $6.40 price level, the altcoin\u2019s upward movement could be anticipated.<\/p>\n The nearest support level for the coin stood at $5. A fall from the $5 price mark could push UNI to trade near the $4 price zone.<\/p>\n The amount of Uniswap traded in the previous session indicated that selling strength increased on the one-day chart.<\/p>\n Technical Analysis The altcoin\u2019s technical indicators note the bears taking over as buying strength dipped on the one-day chart. For most of the month of September, buying strength remained low for the altcoin.<\/p>\n The Relative Strength Index was below the half-line and that meant a lower amount of buying strength on the one-day chart.<\/p>\n Uniswap price was below the 20-SMA line. This meant bearishness for the coin. It meant that sellers were driving the price momentum in the market.<\/p>\n
\nUniswap was priced at $5.73 on the one-day chart | Source: UNIUSD on TradingView<\/a><\/p>\n
\nUniswap depicted a fall in buying strength on the one-day chart | Source: UNIUSD on TradingView<\/a><\/p>\n
\nUniswap was priced at $5.73 on the one-day chart | Source: UNIUSD on TradingView<\/a><\/p>\n
\nUniswap depicted a fall in buying strength on the one-day chart | Source: UNIUSD on TradingView<\/a><\/p>\n