TL; DR Breakdown UNI/USD saw a bullish momentum towards the end of yesterday’s Uniswap price analysis chart.The circulating supply of Uniswap is at $611.6 million.The BoP indicator is at 0.72, and it points towards the 1, meaning that the bull pressure is so high and has overwhelmed the bears in the market. Uniswap Price Analysis: General price overview Uniswap saw a bullish momentum towards the end of yesterday’s price analysis chart. Today, the bull dominance was cut short by sellers who came into the market aiming to overturn the prevailing bullish trend. The pressure from mighty sellers caused the price to record a sharp decline. UNI/USD has been trading in a bear market trend, forming several descending triangles until it faced solid support from the bulls at $26.5. The bull pressure overwhelmed the seller’s ability to break through the support. Hence it made the price of the coin surge in a rising triangle trend to the intraday high of $32.34. The Moving Average lies slightly above UNI price, indicating a possible uptrend. The bull upsurge momentum will not be stopping soon. The UNI/USD pair prepares for the weekend while trading in a bullish trend. Uniswap price movement in the last 24 hours: Uniswap spikes to $30 The Relative strength index has been in the overbought region; this should tell you that the overall daily price analysis chart is bullish. The buying pressure experienced at 06:00 AM ...
