fxstreet.com 12 Feb, 2021 17:00 am

UNI technicals and on-chain metrics spell trouble

Uniswap price witnessed a remarkable 580% upswing in roughly 46 days. However, this parabolic rally could be reversing soon due to multiple sell signa

Uniswap price hints at pullback as the TD Sequential indicator flashed a sell signal on the weekly chart.Uniswap price witnessed a remarkable 580% upswing in roughly 46 days.Uniswap price primed for a downswing Uniswap price shows almost every weekly candlestick closed at least 30% higher than its open since December 28.Uniswap new addresses chart As per IntoTheBlock’s Global In/Out of the Money (GIOM) model, the support barrier at $20 is the only one holding Uniswap price from a steep crash.

In the event of a sharp sell-off leading to this support’s failure, Uniswap price will pullback to the next immediate support at $15, where approximately 12,000 addresses purchased about 26.Uniswap IOMAP chart It is worth mentioning that if Uniswap price slices through the recent high of $23.

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