📈 Uniswap (UNI) Price Analysis: A Bullish Recovery!
Uniswap (UNI) has shown remarkable resilience after hitting a day low of $6.40 on Thursday, slipping below the 50-day SMA and critical $6.50 support level.
🚀 Strong Comeback!
Buyers quickly stepped in, pushing UNI back above $6.50, with a closing price of $6.54. The momentum continued on Friday, where UNI rose by 2.57%, settling at $6.71.
🌟 Weekend Surge!
The weekend was even more favorable, with UNI recording a 1.50% increase on Saturday and an impressive almost 4% jump on Sunday, climbing above the 20-day SMA to close at $7.06.
📊 Weekly Performance
As the new week kicked off, UNI aimed for a breakout above $7.50, reaching a day high of $7.46. However, it lost some momentum, eventually settling at $7.24 after a 2.52% gain.
🔄 Current Trends
Currently, UNI is seeing a slight pullback of just over 2% as sellers try to push the price back below $7 and the 20-day SMA.
📈 Doc’s Tips:
Despite the recent fluctuations, Uniswap (UNI) continues to exhibit bullish potential. Keep an eye on those critical support and resistance levels as the market unfolds!
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