{"id":123041,"date":"2023-07-16T03:30:35","date_gmt":"2023-07-16T03:30:35","guid":{"rendered":"https:\/\/dripp.zone\/news\/uniswap-another-resistance-level-claimed-how-high-can-rally-go-crypto-news\/"},"modified":"2023-07-16T03:30:37","modified_gmt":"2023-07-16T03:30:37","slug":"uniswap-another-resistance-level-claimed-how-high-can-rally-go-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/uniswap-another-resistance-level-claimed-how-high-can-rally-go-crypto-news\/","title":{"rendered":"Uniswap: Another resistance level claimed &#8211; how high can rally go?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><i data-stringify-type=\"italic\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer&#8217;s opinion.<\/i><\/p>\n<ul>\n<li><em>Uniswap jumped by 14% to flip the $5.72 price level to support. <\/em><\/li>\n<li><em>Buyers&#8217; dominance of long\/short ratio highlighted market sentiment. <\/em><\/li>\n<\/ul>\n<p>Recent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/uniswap-drops-to-a-key-bullish-zone-is-a-pivot-likely\/\" data-wpel-link=\"internal\">price reports<\/a> highlighted the buying opportunity available for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/UNI\" data-wpel-link=\"internal\">Uniswap [UNI]<\/a>  bulls on the higher timeframes.  This buying opportunity was utilized to the maximum by bulls, as UNI flipped the $5.72 resistance level to support.<\/p>\n<hr\/>\n<p style=\"text-align: center;\">Is your portfolio green?  Check out the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/uniswap-profit-calculator\" data-wpel-link=\"internal\">Uniswap Profit Calculator<\/a><\/p>\n<hr\/>\n<p>Although <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/BTC\" data-wpel-link=\"internal\">Bitcoin [BTC]<\/a>  Experiencing a sharp correction that dropped it to $30.3k, the overall sentiment in the market remained bullish.  This could be significant for altcoins such as UNI, as buyers look to achieve more gains in the long term.<\/p>\n<h4><strong>Buying pressure sees $5.72 resistance cave in.<\/strong><\/h4>\n<div id=\"attachment_327879\" style=\"width: 1978px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/UNIUSDT_2023-07-15_11-54-19.png\" data-wpel-link=\"internal\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-327879\" class=\"size-full wp-image-327879\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/UNIUSDT_2023-07-15_11-54-19.png\" alt=\"Uniswap price chart on dark background with green and red bars (UNI)\" width=\"1968\" height=\"1054\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/UNIUSDT_2023-07-15_11-54-19.png 1968w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/UNIUSDT_2023-07-15_11-54-19-300x161.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/UNIUSDT_2023-07-15_11-54-19-1024x548.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/UNIUSDT_2023-07-15_11-54-19-768x411.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/UNIUSDT_2023-07-15_11-54-19-1536x823.png 1536w\" sizes=\"auto, (max-width: 1968px) 100vw, 1968px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-327879\" class=\"wp-caption-text\">Source: UNI\/USDT on Trading View<\/p>\n<\/div>\n<p>Uniswap has been on an aggressive bullish rebound after it touched the 2023 low of $3.64 on 10 June.  Since then, UNI has recorded gains of 68.2% over a month-long period.  These gains have seen it flip resistance levels at $4.34, $4.87, and $5.21.<\/p>\n<p>Building on this bullish resurgence, UNI claimed another resistance level over the past 48 hours with a strong bullish close on the 12-hour time frame.  While the general market correction limited any further gains after flipping the levels, the signals hinted at more bullish yields.<\/p>\n<p>The Relative Strength Index (RSI) remained just below the overbought zone, denoting heightened buying pressure.  Similarly, the On Balance Volume (OBV) moved northwards, reinforcing an increase in demand for Uniswap.<\/p>\n<p>Ambitious UNI buyers can look to ride the buying wave to $7 from the $5.72 support level.  However, a potential area to watch will be the minor resistance at the $6.37 price level, as this was a key level for bearish activity in mid-April.<\/p>\n<h4><strong>Longs hold upper hand in futures market<\/strong><\/h4>\n<div id=\"attachment_327880\" style=\"width: 1030px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/UNI_Long_Short.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-327880\" class=\"size-full wp-image-327880\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1020\" height=\"626\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/UNI_Long_Short.jpg 1020w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/UNI_Long_Short-300x184.jpg 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/UNI_Long_Short-768x471.jpg 768w\" data-lazy-sizes=\"(max-width: 1020px) 100vw, 1020px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/UNI_Long_Short.jpg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-327880\" class=\"size-full wp-image-327880\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/UNI_Long_Short.jpg\" alt=\"\" width=\"1020\" height=\"626\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/UNI_Long_Short.jpg 1020w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/UNI_Long_Short-300x184.jpg 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/UNI_Long_Short-768x471.jpg 768w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-327880\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<hr\/>\n<p style=\"text-align: center;\">How much are <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/uniswap-profit-calculator\" data-wpel-link=\"internal\">1,10,100 UNIs worth today<\/a>,<\/p>\n<hr\/>\n<p>According to data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/LongShortRatio\" data-wpel-link=\"external\">CoinGlass<\/a> exchange long\/short ratio, UNI longs held a notable 52.5% share of the open positions.  This translated to $25.02M worth of long positions which was $2.42M more than short positions.<\/p>\n<p>The trend in the futures market reinforced near-term bullish sentiment, with Uniswap investors primed to take advantage of a bullish Bitcoin to rally again.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer&#8217;s opinion. Uniswap jumped by 14% to flip the $5.72 price level to support. Buyers&#8217; dominance of long\/short ratio highlighted market sentiment. Recent price reports highlighted the buying opportunity available for Uniswap [UNI] bulls on the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":123042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-123041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/123041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=123041"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/123041\/revisions"}],"predecessor-version":[{"id":123043,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/123041\/revisions\/123043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/123042"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=123041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=123041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=123041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}