Uniswap Struggles Below $26 High, Can Bulls Sustain an Upturn?

[Rockalo]

Today, Uniswap (UNI) fell to a low of $24 after failing at $26 resistance. Also, bullish candlesticks suggest a possible return to the bullish trend zone.

For buyers to push the altcoin into the uptrend zone, it needs to break above the 50-day line SMA. It is possible that the bulls break through the resistance at $26. This would push the cryptocurrency asset to a high at $30. Currently, the altcoin is below the 50-day line SMA and above the 21-day line SMA. However, if the bears break below the 21-day line SMA, the altcoin will slide into the downtrend zone. This will cause the UNI to fall further into the downtrend zone. Meanwhile, buyers are struggling to break above the 50-day line SMA. More information please click here