Uniswap (UNI) Price Prediction: Will UNI Lead a New Wave of DeFi Enthusiasm?

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Uniswap (UNI) is currently showing a bullish triangle pattern, with technical charts and on-chain data suggesting a potential breakout. Network activity has surged, with the number of users exceeding 45.3 million, and the market is highly confident in its dominance in the decentralized exchange sector. Recently, a whale investor purchased 100,000 UNI for $1.42 million, further demonstrating the market's optimism towards Uniswap.

Key Price Levels and Breakout Potential

UNI is currently facing a key resistance level at $12; if broken, it could drive the price soaring above $20. However, at the same time, selling pressure is also increasing, and the market needs sustained buying support to maintain upward momentum.

On-Chain Data and Technical Signals

Network Growth: Net growth rate has increased by 0.22%, indicating new user activity is rising.

Whale Activity: Holding concentration has increased by 0.07%, showing stability in large investor confidence.

Technical Indicators: ADX is at 26.77, indicating that the current trend strength is moderate, and a breakout above $12 could further accelerate the bullish trend.

Investors should closely monitor the key resistance level at $12; if broken, UNI may face significant upward opportunities.

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