{"id":164944,"date":"2023-09-29T08:56:10","date_gmt":"2023-09-29T03:26:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=164944"},"modified":"2023-09-29T08:56:10","modified_gmt":"2023-09-29T03:26:10","slug":"uniswap-will-sellers-exploit-this-roadblock-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/uniswap-will-sellers-exploit-this-roadblock-crypto-news\/","title":{"rendered":"Uniswap: Will sellers exploit this roadblock? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"single-post-author-top\">\n<p>\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Benja-80x80.jpeg\" class=\"avatar pp-user-avatar avatar-48 photo \" height=\"48\" width=\"48\" \/><\/p>\n<p>Journalist<\/p>\n<\/p><\/div>\n<p>\t\t\t\t\t\t\t\t<span class=\"mvp-post-date updated\">Posted: September 29, 2023<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span><\/p>\n<\/p><\/div>\n<div>\n<p><i><span style=\"font-weight: 400\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion.<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400\"><em><span style=\"font-weight: 400\">UNI has been suppressed below $4.5 in September.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400\"><em><span style=\"font-weight: 400\">Demand for UNI in the derivatives segment improved.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/UNI\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">Uniswap [UNI]<\/span><\/a><span style=\"font-weight: 400\"> sellers have been exploiting the $4.5 roadblock to seek gains. At press time, UNI fronted a price reversal and traded at $4.34. But the roadblock had a confluence with 50-EMA (Exponential Moving Average) on the 12-hour timeframe and could attract sellers.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\"><span style=\"font-weight: 400\">Read <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/uniswap-price-prediction\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">Uniswap\u2019s [UNI] Price Prediction<\/span><\/a><span style=\"font-weight: 400\"> 2023-24<\/span><\/p>\n<hr \/>\n<h4>Will sellers re-enter the market at this hurdle?<\/h4>\n<div id=\"attachment_347148\" style=\"width: 1960px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/UNIUSDT_2023-09-28_13-39-49.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-347148\" class=\"size-full wp-image-347148\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"Uniswap\" width=\"1950\" height=\"1109\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/UNIUSDT_2023-09-28_13-39-49.png 1950w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/UNIUSDT_2023-09-28_13-39-49-300x171.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/UNIUSDT_2023-09-28_13-39-49-1024x582.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/UNIUSDT_2023-09-28_13-39-49-768x437.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/UNIUSDT_2023-09-28_13-39-49-1536x874.png 1536w\" data-lazy-sizes=\"(max-width: 1950px) 100vw, 1950px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/UNIUSDT_2023-09-28_13-39-49.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-347148\" class=\"size-full wp-image-347148\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/UNIUSDT_2023-09-28_13-39-49.png\" alt=\"Uniswap\" width=\"1950\" height=\"1109\" \/><\/a><\/p>\n<p id=\"caption-attachment-347148\" class=\"wp-caption-text\">Source: UNI\/USDT on TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">The roadblock at $4.5 aligned with a previously invalidated bullish order block (OB) on the H12 timeframe. Besides, the 50-EMA (Exponential Moving Average) retreated towards the end of September, leading to the price rejection during the trading session on 27 September. <\/span><\/p>\n<p><span style=\"font-weight: 400\">So, the roadblock confluence of $4.5 and 50-EMA could lead to another price rejection. If so, a drop to the short-term support of $4.2 could give short sellers a potential 4.5% gain.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, a convincing cross above the roadblock will invalidate the bullish thesis. In such a case, UNI could aim at $4.8 or $4.9, especially if <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/BTC\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">BTC<\/span><\/a><span style=\"font-weight: 400\"> reclaims $27k and surges.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">But the latter could be far-fetched as capital inflows into the UNI market were muted, as shown by CMF laboring below zero. However, the RSI fluctuated near the equilibrium level, suggesting a possible range-bound extension below $4.5.\u00a0<\/span><\/p>\n<h4>Demand for Uniswap improved in the derivatives market<\/h4>\n<div id=\"attachment_347149\" style=\"width: 1788px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/UNI-Coinalyze.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-347149\" class=\"size-full wp-image-347149\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"Uniswap\" width=\"1778\" height=\"1006\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/UNI-Coinalyze.png 1778w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/UNI-Coinalyze-300x170.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/UNI-Coinalyze-1024x579.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/UNI-Coinalyze-768x435.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/UNI-Coinalyze-1536x869.png 1536w\" data-lazy-sizes=\"(max-width: 1778px) 100vw, 1778px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/UNI-Coinalyze.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-347149\" class=\"size-full wp-image-347149\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/UNI-Coinalyze.png\" alt=\"Uniswap\" width=\"1778\" height=\"1006\" \/><\/a><\/p>\n<p id=\"caption-attachment-347149\" class=\"wp-caption-text\">Source: Coinalyze<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">There was an improvement in demand for UNI in the derivatives market, as shown by the rising Open Interest (OI). The rise in demand depicted a mild bullish momentum, further confirmed by the rising Accumulative Swing Index (ASI).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">For perspective, ASI tracks the strength of price swings, and a positive reading reiterates a long-term uptrend and vice versa.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\"><span style=\"font-weight: 400\">How much are <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/convert\/1-uni-to-usd\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">1,10,100 UNIs worth today<\/span><\/a><span style=\"font-weight: 400\">?\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">The improving ASI indicates a reversal was underway, but the negative reading shows the trend was yet to reach a long-term uptrend. In addition, the CVD (Cumulative Volume Delta) was negative despite the uptick seen at the press time, showing sellers still had market leverage.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">So, sellers could still benefit if the price action falters at the $4.5 hurdle.\u00a0<\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Journalist Posted: September 29, 2023 Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion. UNI has been suppressed below $4.5 in September.\u00a0 Demand for UNI in the derivatives segment improved.\u00a0 Uniswap [UNI] sellers have been exploiting the $4.5 roadblock to seek gains. At [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":164945,"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-164944","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\/164944","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=164944"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164944\/revisions"}],"predecessor-version":[{"id":164951,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164944\/revisions\/164951"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/164945"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=164944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=164944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=164944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}