Tezos and Uniswap Market Analysis for 25th January 2021

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Tezos was in an uptrend but faced some resistance above the $3 region and Uniswap surged to $12.5 but could witness a pullback.

Tezos [XTZ]

XTZ has gained 60% in the month of January, rising from lows of $1.95 to trade at $3.12 at the time of writing. Important levels of resistance are $3.23 and $3.58. Support levels to watch out for lie at $2.77 and $2.24.

The RSI rose above neutral 50 and retested it as support to indicate an uptrend in progress, while the price also made a series of higher lows to confirm the trend.

The Stochastic RSI was in the oversold territory, pointing toward a move to the upside for XTZ. Yet, over the past ten days, the $3.15-$3.35 has been a region of supply for XTZ- the price needs to climb above and flip it to one of demand before it can register further gains.

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Uniswap [UNI]

Ethereum, Tezos, Uniswap Price Analysis: 25 January

Source: UNI/USDT on TradingView

The distance between the MACD and the signal line showed that the market was possibly oversold and could see a pullback in the short-term. Trading volume has been consistently high for UNI as it surged to a local high at $12.89, near the 27% extension level.

The OBV was in an uptrend alongside price to show genuine buying behind the price rally.

A dip could ree UNI revisit the $11 region.

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