Uniswap price analysis: UNI/USD targets $25

TL;DR Breakdown Uniswap price analysis is bullish for today.UNI/USD saw another rejection above $18.3 support yesterday.Uniswap is currently preparing for another surge. Uniswap price analysis: General price overview Today’s price analysis for Uniswap is bullish, as the market has defied additional downside at $18.3 for the second time this week. As a result, we anticipate UNI/USD to reverse and look to establish a new high early next week. A break below $18.3 would offer an initial downside target at $16.6, while a break above $20.5 could yield further upside towards our next resistance near $23.2 (200SMA). Meanwhile, the 100SMA at $18.0 currently provides dynamic support and looks set to continue doing so. Over the past 7 days, Uniswap has seen a strong bullish trend with consistent daily gains and losses on either side of $17.6 – $18.3, which we believe indicates a continuation of this high volatility and consolidation. Trading at its current price of around $19.0, we see Uniswap is a good buy in the short term but expect a continued bullish sentiment for some time to come. In addition, the 200 SMA at $18.0 is currently providing dynamic support and looks set to continue doing so. The RSI is in resistance at the 70 mark and could move back down, giving a bearish signal; however, we believe this is an extremely low probability given that: Uniswap price analysis 2019 – yesterday saw a second rejection above...