{"id":458192,"date":"2021-03-08T07:08:24","date_gmt":"2021-03-08T07:08:24","guid":{"rendered":"https:\/\/wncen.com\/?p=458192"},"modified":"2024-06-11T14:13:47","modified_gmt":"2024-06-11T14:13:47","slug":"uniswaps-uni-enters-top-10","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/uniswaps-uni-enters-top-10\/","title":{"rendered":"Charted: Uniswap\u2019s UNI Enters Top 10, Why It Could Soon Test $42"},"content":{"rendered":"
Uniswap\u2019s UNI climbed over 10% and it even broke the $34.00 resistance against the US Dollar. A new all-time high is formed near $34.60 and the price is likely to rise further.<\/em><\/p>\n After a sharp downside correction from well above $30.00, UNI found support near the $20.00 level. It traded as low as $18.68 and it recently started a fresh increase<\/a>. It broke many hurdles near $25.00 to enter a positive zone.<\/p>\n There was a clear break above the $28.00 resistance and the 100 simple moving average (4-hours)<\/a>. There was also a break above a key connecting bearish trend line at $28.00 on the 4-hours chart of the UNI\/USD pair. The bulls even pushed the price above the $32.00 resistance.<\/p>\n <\/a><\/p>\n A new all-time high is formed near $34.50 and it seems like the price could rise further. An immediate resistance is near the $36.50 level. It is close to the 1.236 Fib retracement level of the downward move from the $33.17 high to $18.68 low.<\/p>\n The next key resistance is near the $40.00 level. The next major stop for the bulls could be $42.00. It is near the 1.618 Fib retracement level of the downward move from the $33.17 high to $18.68 low.<\/p>\n If UNI price fails to settle above the $35.00 zone, it could correct lower. The first major support is near the $32.50 and $32.00 levels.<\/p>\n The main support is now forming near the $30.00 zone. A downside break below the $30.00 support might open the doors for a push towards the $27.50 support. Any more losses may possibly lead the price towards the $25.00 zone.<\/p>\n Technical Indicators<\/p>\n 4-Hours MACD \u2013 The MACD for UNI\/USD is gaining momentum in the bullish zone.<\/p>\n 4-Hours RSI (Relative Strength Index) \u2013 The RSI for UNI\/USD is well above the 70 level.<\/p>\n Major Support Levels \u2013 $32.50, $30.00 and $27.50.<\/p>\n Major Resistance Levels \u2013 $35.00, $36.50 and $40.00.<\/p>\n","protected":false},"excerpt":{"rendered":" Uniswap\u2019s UNI climbed over 10% and it even broke the $34.00 resistance against the US Dollar. A new all-time high is formed near $34.60 and the price is likely to rise further. UNI gained pace above the $30.00 and $32.00 resistance levels against the US dollar. The price is trading nicely above $34.00 and the 100 simple moving average (4-hours). There was a break above a key connecting bearish trend line at $28.00 on the 4-hours chart of the UNI\/USD pair (data source from Kraken). The pair is likely to continue higher towards the $36.50 and $40.00 levels in the near term. Uniswap\u2019s UNI Breaks $34 After a sharp downside correction from well above $30.00, UNI found support near the $20.00 level. It traded as low as $18.68 and it recently started a fresh increase. It broke many hurdles near $25.00 to enter a positive zone. There was a clear break above the $28.00 resistance and the 100 simple moving average (4-hours). There was also a break above a key connecting bearish trend line at $28.00 on the 4-hours chart of the UNI\/USD pair. The bulls even pushed the price above the $32.00 resistance. Source: UNIUSD on TradingView.com A new all-time high is formed near $34.50 and it seems like the price could rise further. An immediate resistance is near the $36.50 level. It is close to the 1.236 Fib retracement level of the downward move from the $33.17 high to $18.68 low. The next key resistance is near the $40.00 level. The next major stop for the bulls could be $42.00. It is near the 1.618 Fib retracement level of the downward move from the $33.17 high to $18.68 low. Dips Supported? If UNI price fails to settle above the $35.00 zone, it could correct lower. The first major support is near the $32.50 and $32.00 levels. The main support is now forming near the $30.00 zone. A downside break below the $30.00 support might open the doors for a push towards the $27.50 support. Any more losses may possibly lead the price towards the $25.00 zone. Technical Indicators 4-Hours MACD \u2013 The MACD for UNI\/USD is gaining momentum in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for UNI\/USD is well above the 70 level. Major Support Levels \u2013 $32.50, $30.00 and $27.50. Major Resistance Levels \u2013 $35.00, $36.50 and $40.00.<\/p>\n","protected":false},"author":67,"featured_media":458195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[82851,80532,82853,82852],"class_list":["post-458192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-unibtc","tag-uniswap","tag-uniusd","tag-uniusdt"],"acf":[],"yoast_head":"\n\n
Uniswap\u2019s UNI Breaks $34<\/h2>\n
Source: UNIUSD on TradingView.com<\/a><\/pre>\n
Dips Supported?<\/h2>\n