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Uniswap (UNIUSD) Price Ranging Within $6.7 and $5.7 Level, Tamadoge Presale Hits $16 Million

Uniswap (UNIUSD) Price Ranging Within $6.7 and $5.7 Level, Tamadoge Presale Hits $16 Million

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Bears are trying to penetrate the $5.7 support level in the Uniswap market

Uniswap Price Analysis – September 17th

The ability of sellers to break the $5.7 price level could push UNI down to $4.5 and the $3.4 price level. If the buyers were able to resist the pressure from the sellers, Uniswap may rise to the resistance level of $6.7, $7.2 and $7.9.

UNI/USD market

Key levels:

Resistance levels: $6.7, $7.2, $7.9

Support levels: $5.7, $4.5, $3.4

UNI/USD Long-term trend: Down

Uniswap is bearish on the long-term outlook. The rate of decline continues in the Uniswap market. The $7.2 support level did not hold the price, it has penetrated and dropped to the $5.7 support level. The price is trying to break the level just mentioned at the moment. The pressure from the bears is trying to push the price below the $5.7 support level, but the bulls are resisting the pressure from the sellers, so the fluctuation movement continues.

Uniswap continues to trade below the 9-period EMA and the 21-period EMA, indicating declining bearish momentum. The fast moving average (9 period EMA) is below the slow moving average (21 period EMA). The ability of sellers to break the $5.7 price level could push UNI down to $4.5 and the $3.4 price level. If the buyers were able to resist the pressure from the sellers, the price could rise to the resistance level of $6.7, $7.2 and $7.9. However, the Relative Strength Index is trending toward the 42 level, indicating a sell signal.

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UNI/USD Medium-term trend: Bearish, Tamadoge pre-sale reaches $16 million

On the 4-hour chart, Uniswap is bearish. Sellers strengthened at the $9.7 resistance level and the price is falling. At the same time, the pace of the bears accelerates and the bulls resist the bear movement, which is when the distance movement begins. Sellers are trying to break the $5.7 support level. Similarly, buyers are struggling to push the price above $6.7.

Uniswap is trading below 9 period EMA and 21 period EMA, relative strength index period 14 is at 45 level bent to indicate a buy signal.

One billion tokens will be sold in the TAMA presale. This number corresponds to 50% of the entire TAMA supply. TAMA’s solid tokenomics is one of the reasons why pre-sales have become very popular. Unlike other memecoins that have trillions and quadrillion coins, TAMA’s supply is capped at 2 billion. TAMA has also acquired new partnerships that make memecoin popular in the crypto community. To make it easier for traders to invest in memecoin, the Tamadoge team has announced Fiat On-Ramp support, which allows users to buy Ether by card or using local payment methods such as Transak, and then convert ETH to TAMA.

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