Uniswap holds onto critical support at the 100 SMA amid a battle to avoid further declines under $20.
MATIC price may plunge to $0.73 if overhead pressure keeps surging under $1.
The week’s trading in the cryptocurrency market seems to be progressing in decline after buyers lost steam across the board. Bitcoin has a bid for $40,000 but lost steam at $34,500. At the time of writing, BTC trades slightly above $33,000 in the wake of a 4% loss in 24 hours. The rest of the market is in the red, with considerable single-digit losses.
Uniswap:-
Uniswap price has corrected beneath an ascending parallel pattern’s lower edge support. Moreover, closing the day under $20 introduced a new perspective on how the week’s trading may continue.
The 50 Simple Moving Average (SMA) on the four-hour chart provides immediate support at writing. Uniswap trades at $19.5 but may stretch the bearish leg further the short-term anchor shatters.
According to the Moving Average Convergence Divergence (MACD)
Źródło: https://coingape.com/uniswap-matic-price-analysis-july-12-2021/
