{"id":138200,"date":"2023-09-02T04:15:30","date_gmt":"2023-09-01T22:45:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=138200"},"modified":"2023-09-02T04:15:30","modified_gmt":"2023-09-01T22:45:30","slug":"uniswap-uni-prices-continued-to-dive-lower-where-will-it-see-some-respite-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/uniswap-uni-prices-continued-to-dive-lower-where-will-it-see-some-respite-crypto-news\/","title":{"rendered":"Uniswap [UNI] prices continued to dive lower, where will it see some respite? &#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\u2019s opinion.<\/i><\/p>\n<ul>\n<li><em>Uniswap had a strong bearish outlook in the lower timeframes<\/em><\/li>\n<li><em>The confluence of a higher timeframe demand zone and range lows highlighted a critical area on the price charts<\/em><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/uniswap\" data-wpel-link=\"internal\">Uniswap [UNI]<\/a> has been in an uptrend on the daily timeframe since early July. August saw the bulls face rejection at $6.7, marking a potential range that the token would trade within in the coming weeks.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Read <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/uniswap-price-prediction\" data-wpel-link=\"internal\">Uniswap\u2019s [UNI] Price Prediction<\/a> 2023-24<\/p>\n<hr \/>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/BTC\" data-wpel-link=\"internal\">Bitcoin [BTC]<\/a> dropped from $29.6k on 14 August to trade at $29.1k at press time. Although this was only a 1.66% drop, it has affected the sentiment in the altcoin market heavily. Uniswap faced intense selling pressure over the past 24 hours.<\/p>\n<h4>The swift recent losses showed the range lows might not be defensible<\/h4>\n<div id=\"attachment_336114\" style=\"width: 1950px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PP-3-UNI-price.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-336114\" class=\"size-full wp-image-336114\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PP-3-UNI-price.png\" alt=\"Uniswap [UNI]\" width=\"1940\" height=\"1099\" \/><\/a><\/p>\n<p id=\"caption-attachment-336114\" class=\"wp-caption-text\">Source: UNI\/USDT on TradingView<\/p>\n<\/div>\n<p>The range formation (green) for UNI extended from $5.7 to $6.7. Over the past week, the mid-range mark at $6.2 saw some skirmishes between buyers and sellers, but a conclusive winner did not emerge until 15 August.<\/p>\n<p>The strong selling pressure forced UNI to nosedive below the $6.2 and $6 levels. At the time of writing, UNI was trading at $5.84 and within a bullish order block on the daily timeframe. This demand zone had confluence with the range lows as well.<\/p>\n<p>Therefore, if a reversal were to occur, this would be the ideal spot. Yet, the OBV jumped below a short-term support level as selling volume rocketed higher. If BTC losses continued, it looked very likely that UNI would drop to the next zone of support at $5.2. A drop below $5.7 and a retest of the same could offer a shorting opportunity.<\/p>\n<h4>The spot CVD began to reverse its uptrend as bearish sentiment intensified<\/h4>\n<div id=\"attachment_336113\" style=\"width: 1929px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PP-3-UNI-coinalyze.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-336113\" class=\"size-full wp-image-336113\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"Uniswap [UNI]\" width=\"1919\" height=\"1097\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PP-3-UNI-coinalyze.png 1919w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PP-3-UNI-coinalyze-300x171.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PP-3-UNI-coinalyze-1024x585.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PP-3-UNI-coinalyze-768x439.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PP-3-UNI-coinalyze-1536x878.png 1536w\" data-lazy-sizes=\"(max-width: 1919px) 100vw, 1919px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PP-3-UNI-coinalyze.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-336113\" class=\"size-full wp-image-336113\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/08\/PP-3-UNI-coinalyze.png\" alt=\"Uniswap [UNI]\" width=\"1919\" height=\"1097\" \/><\/a><\/p>\n<p id=\"caption-attachment-336113\" class=\"wp-caption-text\">Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinalyze.net\/uniswap\/open-interest\/\" data-wpel-link=\"external\">Coinalyze<\/a><\/p>\n<\/div>\n<p>Over the past week the spot CVD was in a healthy uptrend. But the shift in sentiment over the past two days meant the bears were back in control. The sharp price drop was accompanied by a slide in the Open Interest. It also saw a large number of long liquidations.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Is your portfolio green? Check 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>This showed long positions were forced to sell as prices hit liquidation levels. It was also accompanied by a drop in the spot CVD, showing sellers were wholly dominant in the short term.<\/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\u2019s opinion. Uniswap had a strong bearish outlook in the lower timeframes The confluence of a higher timeframe demand zone and range lows highlighted a critical area on the price charts Uniswap [UNI] has been in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":138201,"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-138200","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\/138200","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=138200"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138200\/revisions"}],"predecessor-version":[{"id":148162,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138200\/revisions\/148162"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/138201"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=138200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=138200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=138200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}