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UNI/USDT Key Market Levels: Resistance Levels: $12, $20 Support Levels: $9, $10
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UNI/USD – Daily Chart The UNI/USD daily chart shows that the crypto market price steps up the effort, moving into a recovery mode. The 50-day SMA indicator is above the 14-day SMA indicator. The upper downtrend line was briefly drawn south beyond the smaller SMA. Stochastic oscillators are in the overbought region, moving in a consolidating fashion to indicate that bullish force is in the making.
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Can there be a flash breakout in the 50-day SMA indicator as the Altcoin price Rises Following the Main Trend of Bitcoin? A sudden breakout against the 50-day SMA indicator may indicate a recovery. It has been a difficult business situation to spot easy patterns to buy tickets. On the downside of the technical analysis, short UNI/USDT market takers have yet to get the signal to suggest a downtrend is likely to return. The price reached the highest point of exhaustion in its current recovery process. Therefore, a free fall should occur in a short time, but with a bullish bias. Resistance points below $16 or around $12 may be instrumental in determining the next price action.
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Despite Recent Drop Below $40,000, Recent Data Shows Rise In demand for Bitcoin (BTC) from institutional investors as investors rush to buy BTC “at a discount.”
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LTC/USDT market positions around downtrend line drawn to indicate increased positions on the support. Cryptocurrency price shows less active movement between $112 and $111
Binance Coin (BNB) is trending down but makes a correction to the upside. The cryptocurrency is trading between the 10 and 50 moving average lines. BNB price is above the 50-line SMA but below the 10-day SMA.
Cardano (ADA) price is trading in the uptrend zone, but may face rejection. On April 19, the cryptocurrency rose to a high of $1.24. The bulls broke out of the resistance level of $0.94. Since April 11, buyers have been struggling to overcome the recent drop. Further upside is doubtful as the market reaches the overbought region.
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price is in a downside correction as it is at risk of falling further to $11. Following the recent crash, selling pressure eased as Chainlink resumed a seemingly steady sideways move in the $13-$15 price range.
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Last day was very volatile and bearish for BTC/USD trading as trade The cryptocurrency market experiences unsteady movements around the $40,000 line. There is currently a record high and low of $41,169 and $39,192, which represent the current trading zones of the crypto economy against the USD.
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