$UNI Price Prediction: Can It Reach $17 In November? - BeinCrypto Analytics

Uniswap (UNI) is currently in a bullish phase, with its price on the rise after a strong surge in momentum. The RSI (Relative Strength Index) jumped from 50 to 67 in just one day, indicating a significant increase in bullish sentiment. Although UNI is approaching overbought territory, with the RSI still under 70, there is potential for further gains before any reversal. Historically, coins can face corrections after hitting overbought levels, but UNI's price could continue climbing in the short term.

Currently, Uniswap’s BBTrend remains positive at 16.5, signaling continued bullish momentum. However, a slight decline from yesterday's 18 indicates the strength of the rally is weakening. If the trend continues to drop, a consolidation or correction may be on the horizon.

Should the uptrend persist, UNI could test resistance at $13.3 and $14.8, potentially reaching $17, marking a 36% gain from current levels. However, a reversal could see a retest of support at $12 or $10.4, with a significant correction down to $8.59 if these levels fail to hold.