Uniswap (UNI) Holds $4.6 Support, Signals Potential Price Surge
Uniswap (UNI) shows potential for a price resurgence, maintaining the critical support level of $4.60. Key points include:
- Recent bullish signals and bounce from support suggest upward momentum.
- UNI has broken out of a falling wedge pattern, indicating a possible trend reversal.
- The Relative Strength Index (RSI) is rising, reflecting increased buying interest.
- Trading volume has increased by over 26%, supporting the bullish narrative.
- Next resistance targets are at $5.5 and $6.7, with a potential medium-term target of $8.7 if momentum continues.
Continued upward movement above these levels could indicate the strength of the current rally.
