$UNI /USDT Market Update | Bullish Momentum Building?
Uniswap ($UNI ) is showing strong recovery on the 1H chart, currently trading around $7.503 (+9.04%). After bouncing from the $6.784 low, buyers pushed the price toward $7.634 before entering a consolidation phase.
đ Key Levels to Watch:
- Resistance: $7.63â$7.70
- Support: $7.35â$7.30
- Bullish scenario: A clean breakout above $7.63 could open the door to further upside.
- Bearish scenario: Losing $7.30 may weaken the recovery and invite selling pressure.
The price is holding above MA(25) and MA(99), suggesting improving short-term momentum. However, confirmation through volume and a sustained breakout is essential.
đ My take: UNI is at a key decision zone. Will buyers push for a breakout, or will resistance trigger another pullback?
#UNI #Uniswap #Crypto #Trading #TechnicalAnalysis
Uniswap ($UNI ) is showing strong recovery on the 1H chart, currently trading around $7.503 (+9.04%). After bouncing from the $6.784 low, buyers pushed the price toward $7.634 before entering a consolidation phase.
đ Key Levels to Watch:
- Resistance: $7.63â$7.70
- Support: $7.35â$7.30
- Bullish scenario: A clean breakout above $7.63 could open the door to further upside.
- Bearish scenario: Losing $7.30 may weaken the recovery and invite selling pressure.
The price is holding above MA(25) and MA(99), suggesting improving short-term momentum. However, confirmation through volume and a sustained breakout is essential.
đ My take: UNI is at a key decision zone. Will buyers push for a breakout, or will resistance trigger another pullback?
#UNI #Uniswap #Crypto #Trading #TechnicalAnalysis