Uniswap has displayed tight trading conditions for over the last 24 hours. The coin has been consolidating and it recorded minor losses over the last day. Although Uniswap performed well over the past week securing more than 30% gain, recently, the bulls seem to be resting. Recently UNI broke past the $6.00 mark and it could be eyeing the $8.00 price ceiling now. Buying strength displayed slight decline but buyers were still more in number than sellers in the market. Bitcoin’s price action has helped many altcoins to rally but continued support from the buyers still remain crucial. Going by the technical indicators, it seems though that UNI might hover around the same price zone at least over the upcoming trading sessions. After the rally, chance of a pullback cannot be ruled out, Currently UNI hasn’t witnessed a pullback but consistent consolidation could drag the coin to the nearest support level. If it manages to clear its immediate resistance, there are chances for UNI to trade beyond the $8.00 price mark. Uniswap Price Analysis: Four Hour Chart UNI was trading at $7.41 at press time and the coin was still optimistic on its chart. The current range of consolidation was between $7.33 and $7.49 respectively. A slight push from the buyers could help Uniswap to zoom past the $7.57 resistance mark. If that happens, reaching $8.00 becomes easy and there could be a chance that UNI would trade above the $8.00 mark. On ...
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