$UNI /USDT Market Update

Currently trading at $12.75, $UNI has experienced significant momentum, reflecting a 34.81% increase over the past week and a 59.26% gain in the last 30 days.

This upward trend is a direct result of strong market confidence, largely driven by the growing interest in decentralized exchanges (DEX) and Uniswap’s dominant position within the DeFi space.

Recent Price Action:

24-Hour Price Movement: $UNI saw a slight pullback of -1.62%, fluctuating between $12.37 and $12.96.

Resistance and Support: The immediate resistance level is around $12.96, with support holding steady near $12.37.

A break above $12.96 could pave the way for a retest of higher levels, possibly testing the $14.00 mark.

Long-Term Outlook:

With its market cap of $7.66 billion, Uniswap remains one of the top DeFi tokens, and its all-time high of $44.92 remains a point of interest for investors seeking potential upside in the medium to long term.

Volume Trends: UNI has been experiencing robust liquidity, with a 24-hour trading volume of over $570 million, which suggests continued interest and market depth.

Strategy Considerations:

Short-term traders may want to watch for price action near the $12.37–$12.96 zone for potential entry points.

Long-term holders could view any dips as buying opportunities, given the asset's strong growth over the last year (up 102.53% from November 2023).

In conclusion, Uniswap’s price action is poised for potential breakout, with strong technical support and an expanding role in the DeFi ecosystem.

Traders should remain alert to shifts in market sentiment and act accordingly.

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