UNI Broke Out From The Sideways Consolidation

٢٠ فبراير ٢٠٢١

Uniswap (UNI) showcased a bullish rally and formed a bullish engulfing candle. However, the volume is continuously decreasing over the weekly chart. Support on lower levels is situated at $22 and $18, while the resistance on the higher side is placed around $29 and $32. Presently UNI is trading above all moving averages of 20, 50 and 100, which indicates its bullish momentum for the up-coming trading sessions. Currently UNI is standing at 12th position according to the market capitalization, while its all time low is around $0.4190.