"UNI price prediction: Can the price reach $10?

A zoomed-in look at the weekly chart suggests that UNI may have broken out of the long-term descending resistance trendline （white） that has been in place since its all-time high. If so, the altcoin price is currently confirming this as support. Another interesting development comes from the weekly Relative Strength Index （RSI）. The RSI is moving upwards and has moved above 50. More importantly, it formed a bullish divergence （green line） on the most recent bounce.

A bullish divergence occurs when a price decline is accompanied by a momentum increase. It usually precedes an uptrend reversal. If the altcoin breaks out of the descending resistance trendline, it could rise 40% to the $7.50 resistance area and possibly a 130% upside to the $12 resistance.

"Despite this bullish UNI price prediction, failure to break out of the shorter-term descending resistance trendline could result in a 25% drop to the $4 support area. #crypto #