Uniswap $UNI Potential for Further Upside

Following a strong impulsive move, UNI has broken above a key resistance level on the medium timeframe. After a successful retest, the price now appears poised for continuation, with potential targets in the $10-12+ levels.

Breakout and Retest: The breakout from previous resistance, followed by a solid retest, signals a bullish structure, indicating a possible push to higher levels.
Upside Potential: With momentum on its side, UNI could aim for the next major target around the $10 and above levels, where additional resistance might be encountered.
Trading Insight: A continuation pattern appears likely, but monitoring volume and maintaining stops just below the recent breakout level can help manage risk in case of unexpected pullbacks.
Chart PatternsTechnical IndicatorsTrend Analysisuniswapuniusdt

Also on:

Disclaimer