On May 22, Uniswap's price broke out of the $6.75 to $8.30 consolidation range following a 31% rally.
#Uniswap gained significant strength, breaking above the psychological barrier at $10.
The current trade setup indicates that Uniswap's price is experiencing a parabolic recovery.
The latest upswing is expected to elevate the price by more than 15%, targeting the initial barrier at $13.25.
The surge is occurring within the context of a Rounding Bottom Pattern.
Over the past 7 days, the price has increased by 42%, settling above the 100-Day EMA.
As per Coin Gabbar analysis, If the bullish momentum continues and $UNI sustains above $10.00, the price could potentially rally further to reach $15.50.
If the bulls fail to maintain the surge, a pullback may occur, with the price possibly testing the $8.50 level and the rounding bottom support.
KEY LEVELS :
RESISTANCE LEVEL : $14.000-$18.000
SUPPORT LEVEL : $8.000-$5.500
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