UNI Key Highlights as It Targets $36 High
- Uniswap battles the resistance at $30 as it targets $36 high
- UNI has a target price of $36.13
- The altcoin may resume downward correction if it turns from the recent high
Uniswap (UNI) Current Statistics
The current price: $29.42
Trading Volume: $425,707,563
Major supply zones: $55, $57, $59
Major demand zones: $22, $20, $18
Uniswap (UNI) Long-Term Analysis: Bullish
Uniswap’s (UNI) has resumed a fresh uptrend as it targets $36 high. In the first uptrend, the market rallied to a high of $30. The bulls could not sustain the bullish momentum above the recent high. The crypto was repelled to the low of $26 while buyers attempt to push the price above the recent high. On the upside, if buyers breach the $30 high, UNI will rise to a high of $36. . The bullish momentum is likely to extend to the high of $40 and $45. On the other hand, if buyers fail to break the $30 high, the crypto will be compelled to a range-bound move between $26 and $30. The crypto may resume a downward if the $26 support is breached.
Uniswap (UNI) Indicator Analysis
Uniswap is at level 61 of the Relative Strength Index period 14. It indicates that the crypto is in the bullish trend zone and capable of rising on the upside. UNI is above the 50% range of the daily stochastic. The 21-day and 50-day SMAs are sloping upward indicating the uptrend. UNI has a bullish crossover as the 21-day SMA crosses above the 50-day SMA. This indicates a buy signal.
What Is the Next Direction for Uniswap (UNI) as It Targets $36 High?
UNI/USD is likely to resume upward as it targets $36 high. According to the Fibonacci tool, further upside is likely. Meanwhile, on the August 16 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that UNI will rise but reverse at level 1.272 Fibonacci extension or level $36.13.
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