Overall Trend:
UNIUSDT is in a strong bullish trend, with prices trading significantly above the 200 SMA at 9.303, indicating sustained upward momentum.
After breaking out of a consolidation phase near 10.00, the price reached a recent high of 11.73, suggesting continued buyer interest.
Support and Resistance Levels:
Immediate Resistance:
The 11.70 - 12.00 zone serves as the immediate resistance. A breakout above this range could push the price toward higher targets at 12.50 - 13.00.
Immediate Support:
Support is observed at 10.50 - 10.80, where the price consolidated before its recent breakout.
Key Demand Zone:
A strong demand zone lies between 9.50 - 10.00, supported by the 200 SMA and prior accumulation during the rally.
Technical Indicators:
RSI (Relative Strength Index):
The RSI is at 58.38, indicating moderate bullish momentum. While it is not yet overbought, further upward movement may cause it to enter overbought territory.
MACD (Moving Average Convergence Divergence):
The MACD line is above the signal line, with a bullish histogram, confirming positive momentum. However, the narrowing gap suggests that bullish momentum may be losing strength.
Volume Analysis:
The volume at 137.903K is strong, indicating solid participation in the recent price action. Continued high volume will be necessary to sustain the current trend.
UNIUSDT remains in a bullish phase, with strong price action above the 200 SMA and rising momentum indicators. However, caution is advised as the price nears significant resistance at 12.00. Traders should monitor the 11.70 - 12.00 resistance zone and look for volume confirmation to support further upward movement. A failure to hold support at 10.50 may signal the start of a deeper pullback.