Uniswap Targets $12.3 Resistance Amid Strong Bullish Momentum
Uniswap (UNI) is experiencing upward momentum, currently approaching the $12.3 resistance level after a rebound from the $10.3 support. Key points include:
- Positive price action indicates increasing investor confidence.
- Trading volume rose over 25% in the last 24 hours.
- The price is testing the 100-day Simple Moving Average (SMA).
- The RSI has exited oversold territory, suggesting building buying momentum.
If UNI surpasses $12.3, further targets may include $15.7 and $17. Sustaining above $12.3 is critical to avoid a pullback; failure could lead to a retracement to $10.3.
This bullish momentum reflects a robust demand for Uniswap, which may solidify its position in the market if upward trends continue.
