$UNI /USDT Holds Steady Near Support – Bulls Eye a Breakout
Uniswap (UNI) is trading at $16.229, up by +2.28%, as buyers step in to defend key levels. After testing the day’s low of $15.967, the price rebounded to a high of $16.740 before slightly pulling back. Currently, UNI is consolidating above its crucial support at $16.212. A breakout above this level could spark bullish momentum, with potential targets at $16.77 and $17.00.
📌 Key Levels to Watch:
Support: $16.212 is holding firm, but a drop below this level could see the price retest $15.95, where renewed buying interest might emerge.
Resistance: The immediate hurdle is at $16.77, with a successful breakout likely driving the price toward $17.00.
📈 Trading Strategy:
Bullish Play: Watch for confirmation of a breakout above $16.77, targeting $17.00 or higher.
Bearish Scenario: If UNI loses support at $16.212, expect a decline toward $15.95, presenting potential buy-the-dip opportunities.
🔥 Conclusion:
UNI’s current consolidation phase suggests accumulation, with the potential for a breakout on rising volumes. Traders should stay alert for price action confirmation to capitalize on short-term moves.