Popular crypto analyst World of Charts has highlighted the price trajectory for Uniswap, noting that his previous predictions are unfolding according to plan. The analyst’s assessment brings attention to UNI’s performance, which has already yielded over 50% profits for investors following his analysis.
The crypto analyst emphasizes a significant technical development—UNI’s successful breakout from a symmetrical triangle pattern that formed between 2021 and 2024. This particular pattern emerged through a consistent series of lower highs and higher lows, creating a consolidation phase that has now resolved bullishly.
World of Charts points to the weekly timeframe analysis against USDT, where the breakout signal manifests most clearly. The analyst maintains that this technical breakthrough could catalyze a substantial midterm rally, projecting potential gains between 200% to 250%.
Breaking down the numbers, the analyst’s forecast suggests UNI price could target price levels between $45 and $55, considering its current position of around $15.5. However, he acknowledges the historical resistance at $41.5 as a key level to monitor.
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The analyst’s technical assessment identifies the $11 mark as a crucial support level, which coincides with the breakout point. He suggests that maintaining this level is essential for preserving the bullish market structure.
World of Charts’ analysis aligns with broader market optimism, though he implicitly acknowledges that sustained momentum would depend on broader market conditions and fundamental factors. Based on current technical indicators and price action, the analyst appears confident in UNI’s potential to achieve these ambitious midterm targets.
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The post Uniswap (UNI) Price Aligning with Analyst’s Prediction, Potential 250% Rally Incoming appeared first on CaptainAltcoin.
