- Uniswap price meets resistance levels collection.
- Downward pressure remains weak, but UNI moves might be on mute for some days.
- Buyers should catalyze more momentum.
Uniswap (UNI) has recorded impressive performance since 9 January, increasing its value by over 11% within the last three days. The alternative token outperformed even when the overall crypto market plunged. Nevertheless, UNI’s price actions seem to lag at the moment.
UNI Price Awaits Increasing Buying Activity
UNI price seems to lag the broad market for various reasons. They include resistances at Senkou Span A, Kijun-Sen, and Tenkan-Sen. The three Ichimoku zones sit beyond Uniswap at $17.25. Meanwhile, overpowering the levels is a challenging move. Also, a brief pause will surface before a significant test happens. Nevertheless, the move post these three Ichimoku zones will translate to a massive breakout.
Meanwhile, UNI price will aim at the critical level at the VPC (Volume Point of Control) and 38.2% FIB retracement of $25. Nevertheless, the $25-mar us Uniswap’s final resistance before the altcoin positioned itself for extended bullish runs that could hit ATHs.
The Relative Strength Index stays in a bearish market situation. However, the indicators might shift to a bullish market within no time once UNI moves surges to take the RSI beyond 70. Moreover, the Composite Index (CI) crosses past the fast MA recently – moving past the slow MA will trigger a continued bull move. For now, the altcoin is ready to overcome the resistance cluster at $17.25.
Plunging risks remain low. But possibilities exist. For that reason, market players may need to pay attention to a weekly or daily close that puts UNI price beneath the latest lower closing at $14.17. If that happens, Uniswap will likely see a move to the 61.8% FIB retracement near $10.
For now, UNI’s path with few obstacles is the upside one. Nevertheless, bulls need to step up for sustained move past critical resistance levels. The best thing is that the altcoin does not expect downside momentum for now. However, Uniswap might depend on broad market sentiment for a significant move. UNI might surge to higher levels with less hassle with the current bullishness in the global crypto space.