Trade setup: After two rejections, price finally broke above 200-day moving average (SMA200) and reached $7.50-8.00 resistance zone. Now wait for price to 1) break above $8 to resume an Uptrend or 2) pull back near $6 support. (set a price alert). Short- and Medium-Term trend has inflected bullish again. Uniswap remains the biggest DEX, as mentioned in a recent report .
Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
OBV (On Balance Volume): is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance: Nearest Support Zone is $6.00, then $4.75. The Nearest Resistance Zone is $7.50 - $8.00, then $10.00.
Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
OBV (On Balance Volume): is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance: Nearest Support Zone is $6.00, then $4.75. The Nearest Resistance Zone is $7.50 - $8.00, then $10.00.