$UNI
/USDT Technical Analysis and Trade Signal
Current Price: $13.959
24h Change: +4.57%
Technical Analysis:
Support Levels:
First: $13.161
Second: $13.496
Third: $13.748
Resistance Levels:
First: $14.292
Second: $14.332
Third: $14.40 (higher resistance)
Moving Averages: Currently, UNI is testing the key resistance at $14.00. A breach above this level could open the path toward higher levels near $14.30 and $14.40.
Momentum Indicators:
Relative Strength Index (RSI): Slightly above neutral (52), indicating moderate bullish momentum.
MACD: Positive momentum, suggesting an ongoing uptrend.
Trade Signal:
Bullish Trade: Enter long if the price breaks above $14.00 with strong volume. Target levels are:
1st Target: $14.30
2nd Target: $14.50
3rd Target: $14.80
Bearish Reversal: If price fails to break above $14.00 and drops below $13.50, look for a potential short setup with the following targets:
1st Target: $13.16
2nd Target: $13.00
3rd Target: $12.80
Trade Momentum:
The short-term trend remains bullish, supported by the recent price move above key support levels and positive momentum indicators. However, caution is advised if the price drops below $13.50, as this could signal a bearish reversal.
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