The cryptocurrency market faces the mounting pressure as global economic tensions degenerate, UNISWAP (UNI) undergoing dramatic price fluctuations reflecting broader uncertainty of the market.
The recent price range of 10.9% of the UNI shows how geopolitical factors directly influence digital asset assessments, as traders sail between the feeling of risk and opportunistic positioning.
Despite difficult conditions, UNISWAP showed resilience by exceeding the levels of resistance of the keys, suggesting potential stabilization after significant volatility.
Strengths of technical analysis
- UNI has experienced significant price turbulence during the period 24 hours a day, with a substantial range of 0.644 (10.9%), the summit of 6.589 and the minimum of 5.945, depending on the Technical Analysis Data model of Coindesk Research.
- The token was faced with a net sale during the period of 16: 00-01: 00, from 6.510 to 5.954, with a significantly high volume (4.4 m) at 01:00, establishing a solid volume support area.
- A modest recovery followed, with resistance to the UNI around 6,120 and a consolidation between 6,000 and 6,050, suggesting market indecision after significant correction.
- During the last hour, Uni experienced a significant decreased trend followed by a modest recovery.
- The token went from 6.110 to a hollow of 6.017 around 13:51, establishing a key support area with an increased volume.
- A notable reversal occurred at 2:01 p.m. when UNI jumped 3.6% from 6.032 to 6.054, accompanied by a high volume (28.7K), which suggests a purchase renewal.
- The price action has formed a bullish channel with resistance to 6.055 and 6.030 support, the closing price of 6.051 indicating potential short -term stabilization after previous volatility.
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