UNI/USDT Technical Analysis & Trade Signal
Current Price: $16.458
24h Change: +2.81%
Key Technical Indicators:
24h High: $16.629
24h Low: $15.595
SAR (Parabolic SAR): 15.948 (indicating potential support below the current price).
Momentum: Positive momentum with the price rising by 2.81% in the last 24 hours. The current trend shows bullish movement, supported by the recent price action above key levels.
Support & Resistance Levels:
Support: $15.595 (recent 24h low)
Resistance: $16.629 (recent 24h high)
Target Levels (Trade Signal):
1. Target 1: $16.80 – Key resistance point, likely to face selling pressure.
2. Target 2: $17.10 – Psychological resistance zone, with momentum driving further upward.
3. Target 3: $17.50 – Major resistance zone based on trend continuation.
Trade Momentum:
Bullish: With the price currently above the SAR and recent positive movement, the momentum is bullish. The market has seen strong buying interest, with increasing volume.
Action: Consider entering long positions with stop-loss placed near $15.60 to manage risk.
Conclusion:
A continuation of upward momentum is expected, targeting $16.80, $17.10, and $17.50. However, watch for any price reversal at resistance levels, as they could signal a pullback.