Uniswap Price Falls Below $9 After It Met With A Sell-Off, What’s Next?

Uniswap price shows downward movement on its trading chart. UNI Coin lost the 9$ price range and was moving closer to its local support level.

Uniswap Price Falls Below $9 After It Met With A Sell-Off, What’s Next?

Last 24 hrs, UNI decreased consistency by 6% The Technical indicator for UNI has depicted mixed trading signals the buyers in the market have left owing to the recent fail in price. 

The live Uniswap price today is $8.38 USD with a 24-hour trading volume of $173,052,857 USD Uniswap is down 4.70% in the last 24 hours. The current CoinMarketCap ranking is #17, with a live market cap of $6,245,633,293 USD. It has a circulating supply of 745,591,571 UNI coins and a max. supply of 1,000,000,000 UNI coins.

Source : CoinMarketCap

UNI Coin broke below its $8.40 support line and tell below that An increase in demand for the coin can help UNI recover over the next trading session. 

Source: UNIUSD on TradingView

UNI lost its immediate support line and the bears have changed the level to a resistance mark for the coin. 

Secondly, the coin has tried to break past the mentioned price mark a couple of times but was met with sellers in the market. The immediate price floor for the coin stood at $7.80 

The volume of UNI coins traded in the last session has declined as there has been a failure in buying strength

Uniswap price was seen below the 20-SMA line this signaled bearishness in the market. it also depicted that the sellers were driving the price momentum in the market. 

Source: UNIUSD on TradingView

The altcoin has flashed bearish signals on most technical indicators UNI registered a sell signal on the four-hour chart UNI Moving average convergence Divergence depicts the price momentum and change in the momentum.

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