$UNI Price Analysis – Daily Update

Current Price: $8.13 (+2.73%)

Uniswap (UNI) is showing a strong upward trend, trading at $8.13 with a daily gain of 2.73%. After reaching a high of $8.32, the price pulled back slightly but continues to display positive momentum. Here’s a closer look at the technical indicators and a price prediction for UNI.

Technical Analysis:

1. Trend: UNI’s price has been on a steady uptrend, forming higher highs and higher lows, which is a classic bullish pattern. The recent peak at $8.32 indicates strong buying interest.

2. Support and Resistance:

• Immediate Resistance: $8.32, the day’s high, serves as a key resistance. A breakout above this level could pave the way for UNI to test higher targets.

• Immediate Support: Around $7.85, where UNI found support earlier in the day. If the price retraces, this level could serve as a base for a rebound.

3. Momentum: The daily increase of 2.73% reflects strong bullish sentiment. Increased trading volume suggests continued investor interest, which could push UNI higher if this trend holds.

Price Prediction:

If UNI manages to break above the $8.32 resistance, the next target could be $8.50, followed by a potential test of the $9.00 level if bullish momentum strengthens. However, if the price faces rejection at the current resistance, it may consolidate around $8.00 or retest support at $7.85 before attempting another move upwards.

Conclusion: Uniswap’s current uptrend shows promising momentum. Traders should watch the $8.32 resistance for a possible breakout, which could open the path to new highs.#BinanceBlockchainWeek #CryptoPreUSElection #USJoblessClaimsDip #EthereumPectraUpgrade