$UNI /USDT Technical Analysis – Binance
Current Price: $14.145 (+5.85%)
Timeframe: 30-minute chart
Market Sentiment: Positive momentum, reclaiming higher levels.
Key Targets and Price Levels:
1. Target 1: $14.20 (Near-term Resistance)
The price is testing the immediate resistance zone. Breaking this level will confirm the bullish momentum and pave the way for further gains.
2. Target 2: $14.50 (Medium-term Resistance)
If $UNI clears $14.20, the next target is $14.50. This level aligns with the recent swing high on higher timeframes, serving as a strong resistance zone.
3. Target 3: $15.00 (Long-term Psychological Resistance)
A breakout above $14.50 would set UNI up for a push toward $15.00, a significant psychological and technical barrier.
Strategy and Recommendations:
Short-term Traders: Consider securing partial profits near $14.20. Watch for volume confirmation to hold above this level before adding positions.
Long-term Investors: Maintain stop-loss levels at $13.80 to manage risk while targeting the $15.00 level for a solid breakout opportunity.
Technical Indicators:
Trend: Bullish on the 30-minute timeframe.
Volume: Consistent increase, supporting price action.
RSI: Approaching overbought zones; caution advised for entries near resistance.
Stay tuned for updates and always manage your risk wisely.
