- Uniswap price has rallied exponentially in the previous two bullish sessions.
- The previous double-bottom pattern shows that UNI may pause at $26.75 before making a rebound.
- Uniswap could make a 14% rise to $30.93 after the breather.
The Uniswap price is currently trading in the red at around $27.20 after rallying roughly 8.35% over the last 24 hours. The UNI bulls have been trying to reverse the September 07 losses in the last two bullish bearish sessions. However, Uniswap is currently taking a breather at the 200-day Simple Moving Average as buyers regroup to take Uni even higher.
Uniswap Price To Pause At $26.75 Before Resuming The Uptrend
UNI/USD Price created a double bottom pattern above the $26.75 support level previously. The resulting price action pushed the Uniswap price by more than 15% to $29.44. Therefore, the current correction could be a tactical breather for UNI before bouncing back.
UNI/USD Daily Chart
Therefore, cryptocurrnecy traders can expect the Uniswap price to rretace to retrace to reas around $26.75. This move will allow UNI bulls to take a beather, regroup and make a stronger come-back.
After that, investors should expect Uniswap to tag the September 07 swing high at $29.52 or the September 06 range high at $30.93. If this happens, Uniswap oprice will have rallied approximately 14% from the current price.
This bullish Uniswap price prediction is validated by the upsloping Relative Strength Iindex (RSI) indicator and the bullish signal the Moving Average Convergence Diveredence (MACD) is about to send. This will occur when the 12-day exponential moving average (EMA) crosses above 26-day EMA indicating that the bulls are determined to move UNI higher.
On the flipside if the bulls fail to defend the $26.75 support level, it will indicate that the bullish momentum is weak and is being overpowered by the overhead pressure.
If this happens, crypto investors could expect the Uniswap price to drop towwards the $22.83 support wall embraced by the 100-day SMA. A breakout below this level would completely invalidate the bullish narrative and trigger immense selling orders or long-term consolidation.
How To Buy UNI
If you want to purchase Uniswap, you can do so on the following crypto exchanges:
- eToro
eToro is one of the trusted exchange platforms in the crypto space. eToro supports copy trading, which allows new traders to learn from market experts. eToro also charges low trading fees and commissions. - Binance
The other platform where you can buy COMP is Binance. Binance is one of the largest exchange platforms. It supports a wide range of cryptocurrencies and trading pairs. It also offers user-friendly features. -
- Kraken
Kraken charges transaction fees as low as 0.20% with free bank transfers. It offers a wide range of cryptocurrencies such as Aave, Algorand, Bitcoin, Ethereum, Dogecoin, Bitcoin Cash, Litecoin, Solana and others. You can transact on Kraken using such payment methods as Debit/Credit Cards, Cryptocurrencies and direct bank transfers.
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Nancy Lubale
