Binance Technical Analysis: UNI/USDT 🚀
Current Price: $8.102 (up 18.29% in the last 24 hours)
Uniswap (UNI) has been making some solid moves recently, with the price showing bullish momentum in the last 24 hours. With the price currently at $8.102, let's break down the key technical levels and potential price targets for the coming hours.
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Key Levels to Watch 📊:
1. Support Level: $7.083
This level is derived from the SAR (Stop and Reverse) indicator, which suggests potential support in case of a pullback. If UNI dips below $7.08, we might see further consolidation or even a deeper correction.
2. First Target - $8.141
The 24h high price is currently at $8.141. A breakout above this resistance level could trigger a further rally towards higher levels. If UNI continues to build momentum, this could act as a crucial pivot point for the next phase of upward movement.
3. Second Target - $8.217
If the momentum continues, the $8.217 level becomes the next key resistance. This level aligns with strong selling interest in the order book on Binance, where significant sell orders are placed. A break above this level could potentially open the way for UNI to target new highs.
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Market Sentiment & Volume:
Volume (UNI): 3.99M UNI traded in the last 24 hours, indicating a healthy level of liquidity and investor interest.
Volume (USDT): 29.55M USDT traded, which further confirms active market participation and potential volatility in the short term.
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