Going long on UNI? Here are a few things you should know

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Following its latest bullish retaliation, Uniswap UNI has secured a spot above the 20/50/200 EMA while revealing a near-term buying edge.

Timeline of Uniswap

Over the past week, the Uniswap(UNI) price has increased by more than 35% resulting in the breakout of the $6 mark. Additionally, the getaway unleashes the trapped bullish momentum within an inverted and shoulder pattern, increasing the likelihood of a police rally surpassing the 100-day EMA to reach the 200-day EMA.

Uniswap (UNI) is in an uptrend as the price has risen above the moving average lines. The cryptocurrency is making a huge push towards the previous highs as the bulls break through the resistance at $5.70.

Uniswap price analysis shows a complete bullish trend in the market as the prices went up by 3.07 in the last 24 hours. The coin is trading at $5.41 and is facing immediate resistance at $5.47.

Uniswap price analysis has been on a steady decline over the past 24 hours, with the token losing over 5% of its value. The UNI/USD pair is currently trading at $4.87, after opening the day at $5.14.

The price of Uniswap (UNI) has resumed its sideways movement after failing to break the $6 resistance zone. The cryptocurrency has pulled back above the 21-day line SMA, but below the 50-day line SMA.

Uniswap price analysis shows a bearish trend that has brought the UNI/USD value down to $4.70. The market had a breakout to the upside that found resistance at $5.24, which has caused the market to roll over and head back down.

Uniswap was among the coins that saw their market value slashed by more than $500 million due to the huge sell-off by individual whales and institutional investors during the market crash of May. The post Uniswap Market Cap Drops More Than $800 Million in May appeared first on BeInCrypto.

Uniswap price analysis shows a bearish trend as the price has fallen below the $6.00 mark. The support for Uniswap prices is present at $5.17, and the resistance is seen at $5.90.The UNI/USD pair has been on a downward trend for the last 24 hours.

The DeFi Pulse Index (DPI) is a Decentralized Finance assets index that tracks the underlying tokens' performance. Based on the changes noted in these DeFi tokens, the value of the DPI is set.

On Tuesday, a popular crypto start-up and founders of a leading decentralized exchange of the name Uniswap announced the acquisition of Genie, an NFT marketplace aggregator, as it plans to launch NFT trading on Uniswap soon. “We're excited to announce that we've acquired Genie, the first NFT marketplace aggregator, which lets anyone discover and trade