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Dalmas Ngetich
Jun 23, 2022
by Dalmas Ngetich

Uniswap Technical Analysis: UNI Bulls Retesting a Critical Resistance Level

Uniswap Technical Analysis

Table of contents

  1. Past Performance of Uniswap
  2. Uniswap Technical Analysis
  3. What to Expect from UNI?
Uniswap is up 76 percent from 2022 lows. A high volume close above $5.8 may propel UNI to March 2022 highs in a bullish breakout formation.

Past Performance of Uniswap

Uniswap crypto prices are maintaining an upward trajectory when writing, retesting a critical resistance level. From the UNI token performance in the daily chart, buyers are in control, unwinding recent losses as prices print welcomed higher highs. At spot rates, Uniswap is up 17 percent against the USDT, BTC, and ETH in the past 24 hours.

Uniswap Technical Analysis

Uniswap UNI Daily Chart for June 23

Uniswap token prices are up an impressive 76 percent after sinking to 2022 lows at $3.2. The coin is bottoming up and is currently retesting a critical liquidation level at $5.8. As bull bars ride the upper BB signaling growing momentum, traders may load the dips in anticipation of a refreshing close above this line. Even still, this week's expansion is with comparatively low trading volumes questioning the strength of Uniswap buyers. Accordingly, bulls may wait for a clean break above $5.8 before loading with targets March 2022 lows at $8.

What to Expect from UNI?

Per the UNI technical analysis in the daily chart, buyers are in control. However, this preview will hold, and Uniswap prices will expand further if there is a comprehensive close above the immediate liquidation level at $5.8.

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Uniswap Technical Analysis: UNI Bulls Retesting a Critical Resistance Level
Dalmas Ngetich
Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

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