WEEKLY NOTION: Uniswap Price Prediction: UNI bears take a breather, not out the woods yet 에서

30 Nov 2020, 11:00 · Views 246

Uniswap (UNI/USD) turns positive for the first time in five trading sessions this Saturday.

The No. 30 coin attempts a bounce from two-week lows of $3.11, as the bears take a breather before the next push lower.

At the press time, the price trades around $3.35, adding 2.50% over the 24 hours while on track for a 10% weekly loss.

UNI/USD 12-hour chart

As observed in the 12-hour (12H) chart, Uniswap has confirmed a classic rising wedge breakdown on Wednesday and since then it has been in a bearish consolidation phase.

The horizontal 100-simple moving average (SMA) at $3.10 has saved the day for the UNI bulls, for now, as the bearish Relative Strength Index (RSI) has recovered from the troughs and turned flat, currently at 45.83.

Read more from the original article:

https://www.fxstreet.com/crypt...

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