Crypto Technical Analysis

Uniswap(UNI)/USDT Technical Analysis: 21 December 2021

Uniswap Price Prediction

Uniswap(UNI)/USDT Technical Analysis at a Glance

Uniswap price was well in place just before the massive sell-off in the first week of December, hovering within a very small range. The Uniswap price today is testing very crucial levels and once it clears these levels, a healthy uptrend may be confirmed. However, the technicals also suggest the UNI price may validate with the uptrend and hit the minimum level of $20 in the upcoming week. 

Short Term Uniswap price rallied to a notable extent building some huge bullish momentum. While the asset could get a little exhausted and may trend sideways for the next couple of hours, but still manifest a bullish trend
Mid-Term The selling pressure is easing slowly and hence the UNI price appears to undertake a notable jump in the midterm, yet the intensity may be pretty low
Long Term The asset in the long term remains very low-key as the selling pressure appears to have accumulated from a couple of months. Yet the buying pressure is ranging high and a decent uptrend may be fast approaching

Uniswap(UNI) Technical Indicators

Uniswap price has yet again reached the lows from where it bounced back nullifying the bearish divergence in July. Moreover, the asset is consolidating heavily at these support levels from the past week. And hence a notable uptrend is fast approaching as the asset faced a couple of rejections in an attempt to breach through the levels. 

Moving Average

The UNI price in the short term is testing the crucial 50-day MA support levels around $14.75 and trying hard to hold strong. If in case, it fails to sustain, the next levels at 200-day MA at $14.63 may hold strong. Interestingly, the price in the long term is testing the 200-day MA levels but as resistance, not support. These levels are very important to be cleared to certify with the uptrend. 

MACD

The volume in the long term is going much lower from the past couple of months and currently is attempting hard to build a notable bullish momentum. However, in the short term, the MACD is ranging higher by accumulating a notable buying volume. Both MACD & signal lines are going hand in hand and hence no pullback may be possible in the next couple of hours. 

Bollinger Bands

The price in the long term is hovering in between the lower and middle bands and trying hard to prevent plunging towards the lower levels. However, in the long term, the price has attempted piercing through the upper levels a couple of times, yet faced a small rejection. However, the asset appears to be still poised to test higher levels in the next couple of hours. 

Relative Strength Index(RSI)

The RSI levels bottomed hard during the mid of November and since then the levels are hovering within the lower levels in the long term. No doubt it attempted to break the narrow trend, yet appear to have failed on time. However, in the short term, the RSI levels appear to have plateaued after surging to some extent. Therefore a narrow trend may be quite possible before declining the next leg. 

Uniswap(UNI) Technical Analysis for the Week

The UNI price remained almost stagnant throughout the past week, hovering within a very small range. No doubt the asset failed each attempt to go higher beyond $16 but on the contrary, the asset also sustained hard above the support levels at $13.6. Therefore manifesting its tendency to reach out to the immediate local resistance at $18.6. 

Source: Tradingview Date: 21-12-2021 Time: 01:07pm

  • Ever since the asset experienced a notable downtrend in the first week of December, the UNI price is trending within a descending triangle
  • Despite the asset testing lower lows, yet the support levels are maintained firmly indicating just a relaxation phase but may not be a downtrend
  • Additionally, the UNI price is testing the crucial 50-day MA levels and a smooth bragging-in from these levels may certify with the uptrend
  • Yet the strong resistance levels lie around $18.6 which appears to be pretty crucial to determine the next phase of the rally
  • Gladly, the trading volume appears to have accumulated, buying pressure increasing to a larger extent pointing towards a notable uptrend 

Uniswap(UNI) Technical Analysis for Today: 21 December 2021

The Uniswap price is falling into a bearish trap since the beginning of the past weekend and reached the bottoms below $14. However, since the early trading hours, the asset is attempting to regain the bullish momentum but falling short to hit the upper resistance levels. No doubt the Uniswap price today is appearing bearish but the 50-day MA may hold the price strong in the short term. 

The asset in the upcoming hours may continue to hold the same support levels and consolidate. However, during the late hours of trade, a significant push may make its way out to break through the consolidation and reach the local resistance at the earliest. The UNI price at the press time is $14.7 with a jump of just 1.83%. 

Where to buy Uniswap(UNI)

Uniswap gained huge attention ever since its native exchange distributed 400 UNI tokens for all exchange users. The immediate and sudden surge compelled most of the exchanges to list quickly. Yet if you want to buy Uniswap in India at the best price, then CoinDCX is the best-suited option that fits all your needs. 

CoinDCX is India’s most trusted cryptocurrency exchange that offers a wide range of assets to deal with. The CoinDCX app provides a lucrative user experience at affordable prices at a single touch. So download the mobile App and register following very few simple steps.


Disclaimer: The above views, information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational/ educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, digital assets/ cryptocurrencies or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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