Uniswap Technical Analysis: UNI Price Aims to Undergo a Parabolic Recovery Gaining More than 60%

Uniswap(UNI)/USDT Technical Analysis:- Uniswap rallied high yet failed to hit the $50 target before.No doubt it flew away from its target but poised to surge high shortly.

18 Jul 2022 | 5 min read

Table of Contents

Key Takeaways:

The UNI price closed the previous day’s trade at INR 558.89 with a market capitalization of INR 402.45 billion and a circulation supply of 734.13 million
The price from the past couple of days appears to have inculcated a remarkable bullish momentum that may pitch in a 10% jump by the day’s end & 33% surge by the end of the month

Also Read: UniSwap Fundamental Analysis

Current Price	INR 559.17
Market Cap	INR 410.5 billion
Circulating Supply	734.13 million
Max Supply	1 Billion
Vol (24H)	INR 31.39 billion
Change (7D)	+19.42%

Check latest UNI INR Price, Charts, and Data.

Uniswap Technical Analysis for July 2022

The Uniswap price ever since it flipped during mid of June surged more than 100% to mark the monthly highs above INR 500. Despite a small chunk of sellers currently extracting the profits, the price still maintains its levels above INR 500 firmly. Enough buying pressure is accumulated and hence the price is also expected to climb high as bears remain off-shore.

During the coming weekend, the UNI price is expected to surge by more than 25% to 30% to mark highs close to INR 700. However, after undergoing a minor pullback and corrections, the prices are expected to settle above INR 720 to INR 740.

Convert UniSwap Price in INR

Technical Analysis at a Glance

Short-Term	The recent price action has compelled the price to reach the highs and hence an interim pullback may be expected in the next couple of hours
Mid-Term	The UNI price may continue to surge slowly as it appears to have accomplished a minor correction phase
Long-Term	The asset has just rebounded from the lower bottoms and now when buying volume is slowly being accumulated, UNI price appears pretty bullish in long-term

Impact of Crypto Crash on UNI Price

The UNI price has dropped pretty hard amid the recent crypto crash. The asset has dropped by more than 80% since the beginning of the year 2022. Further, the rounds of negative events that led to the crash played a major role in suppressing the price below INR 500. The asset is attempting its best to cope with the condition, but the bears tend to jump in for further action.

Along with the negative price movements, the traders in the Indian Sub-continent are dealing with the newly imposed tax policy. According to the new policy, a 30% tax is imposed on the profits while loss is not considered. On the other hand, 1% TDS is charged on each and every transaction which is drying up the volumes on the exchanges.

Read more on 30% Crypto Tax & 1% TDS on Crypto

Technical Indicators & Pivot Levels

Indicator	Value (STF/HTF)	Action (STF/HTF)
Relative Strength Index(RSI)	75.05 / 43.61	Overbought / Sell
MACD	0.323 / -2.86	Buy / Sell
Average Directional Index(ADX)	49.45 / 26.07	Buy / Sell
Ultimate Oscillator	56.74 / 54.19	Buy / Buy
Bull-Bear Power	1.16 / -0.16	Buy / Sell

Pivot Levels

Moving Average	Short Term	Long Term
MA 5	INR 550.63	INR 442.74
MA 10	INR 513.07	INR 420.36
MA 20	INR 483.50	INR 577.80
MA 50	INR 470.71	INR 1203.55
MA 100	INR 440.34	INR 1203.55
MA 200	INR 402.78	INR 601.78

UniswapTechnical Analysis for Short Term

Uniswap

Source: Tradingview

The UNI price ever since flipped from the bottoms is trading within a rising parallel channel
After rebounding from bottoms, now the price has rebounded firmly above the middle bands of the channel
Currently, the price has broken above the channel and attempting to surpass the resistance at INR 580 but failed
However, the asset after a minor correction may resume upswing until it reaches the important resistance close to INR 620.

Additional Read: Uniswap Price Prediction

Uniswap Technical Analysis for Long-Term

Uniswap

Source: Tradingview

The long-term forecast is extremely bullish as the asset is very close to breaking out of the bullish falling wedge.
The asset is trading within the pattern for a very long time and hence the climax of the movement could be in the next couple of weeks
Further, a significant rebound may assist the price to uplift beyond the crucial levels at INR 1000
Once the asset clears this levels, then bears may lose their grip assisting the price to maintain a significant upswing ahead

Additional Read: Top DAO Projects 2022

Where & How to Buy Uniswap (UNI)?

Buying and selling are pretty simple here on CoinDCX. You just need to download the CoinDCX crypto app and register by entering your details. Once your profile is verified, fund your wallet and buy Uniswap.

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Also Read: Top 10 Crypto to Invest

Prices as of 15th July, 2022

FAQs

Is Uniswap bullish or bearish?

Uniswap is bullish in the short term as well as in the long term. Therefore, one can expect good returns in the upcoming days.

What is the current RSI for UNI?

The Relative Strength Index(RSI) in short term is 75.05 while in long term it’s 43.61.

Is it a good time to buy Uniswap?

Uniswap is displaying immense strength and has the potential to regain a 4-digit figure soon. Therefore, it may be a good time to accumulate some.

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