Uniswap price shows bullish momentum with strong support, rising open interest, and market demand. UNI could target $20 if resistance breaks
Uniswap (UNI) price has recently gained momentum, experiencing a significant price surge that signals a bullish trend in the market. Trading above a vital support level, UNI shows signs of strengthened momentum, reflecting an upward shift in investor sentiment. This rebound aligns with a widespread recovery across the cryptocurrency market, suggesting a potential resurgence as November approaches. UNI eyes could be targeting the $20 mark in the coming weeks. Watch till end.

Uniswap Poised for Massive 134% Upsurge
The UNI price has seen a notable price increase. The price of UNI is currently at $8.23, up by 4.42% over the last day, continuing its recent bullish trend.
The 24-hour trading range shows UNI fluctuating between $7.83 and $8.26, reflecting growing investor interest. However, UNI remains significantly below its all-time high of $44.97, recorded in May 2021, indicating an 81.68% drop.

The current analysis highlights a resistance level around $10, with further barriers at $15 and $20. Breaking these levels could propel the top coin towards the $20 target, surging by 134%, especially if bullish momentum continues.

The Moving Average Convergence Divergence (MACD) indicator below the price chart signals slight bullish momentum. The MACD line (in blue) is marginally above the signal line (in orange), and the histogram shows green bars, indicating positive sentiment.According to Coinglass, Uniswap’s UNI derivatives have experienced a significant increase in trading activity. Recent data indicates a strong rise in trading volume and open interest, signaling heightened market interest.
Image source: Trading View
According to Coinglass, Uniswap’s UNI derivatives have experienced a significant increase in trading activity. Recent data indicates a strong rise in trading volume and open interest, signaling heightened market interest.
UNI volume image
UNI’s bullish momentum and rising market interest suggest a strong upward potential. Breaking resistance levels could propel Uniswap to the $20 target, with ongoing trading volume increases bolstering this possible breakout.

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#UniswapUpdate #Uniswape #Uniswap’s #UNI: #UNIWatch

### 1. **Technical Overview of UNI/USDT**
Let's assume you’re trading on a 4-hour timeframe, looking for swing trading opportunities. We'll focus on recent support and resistance levels, trendlines, and moving averages for validation.

### **Long Position Strategy**
- **Entry:** If UNI breaks above the recent resistance around $4.30 and retests it as support, consider entering a long position.
- **TP1:** $4.50 — for a conservative target, which aligns with minor resistance.
- **TP2:** $4.80 — for a more aggressive target, as this is a stronger resistance level.
- **SL:** $4.10 — set slightly below recent support to limit downside risk.

- **Trade Duration:** 3-7 days, depending on price movement and momentum.

### **Short Position Strategy**
- **Entry:** If UNI breaks below recent support at $4.10, look for a confirmed breakdown and potential retest to enter short.
- **TP1:** $3.90 — a conservative target based on immediate support.
- **TP2:** $3.70 — an extended target, where stronger support may be anticipated.
- **SL:** $4.30 — set just above recent resistance to limit potential losses.

- **Trade Duration:** 2-5 days, based on the strength of the downward momentum.

### **Contingency Planning (Plan A, B, C, D)**

**Plan A** — **Trend Continuation**
- If the trade moves in your favor and reaches TP1, consider scaling out a portion of the position and moving your SL to breakeven.
- For longs, trail the SL slightly below higher lows to lock in profits. For shorts, trail SL slightly above lower highs.

**Plan B** — **Partial Exit if Momentum Weakens**
- If price approaches TP1 but shows signs of reversal (e.g., bearish divergence on RSI for longs or bullish divergence for shorts), consider exiting partially and tightening SL.
- This way, you secure some gains and reduce exposure if a trend reversal happens.

**Plan C** — **Exit with Minimal Loss**
- If the price hits your entry level after making a small movement in your favor but lacks momentum, consider exiting with a minimal gain or loss.
- Reassess market conditions before re-entering.

**Plan D** — **Counter-Trade Setup**
- If price reverses and hits SL, look for a reversal signal (e.g., candlestick patterns, RSI oversold/overbought) and consider a counter-trade. For example, if your long position is stopped out at $4.10, watch for potential short entries.
#bitcoin☀️ $UNI

$UNI

_Current Price:_ $8.520
_24h Gain:_ 23.84%
_24h High:_ $8.600
_Recent Low:_ $6.861

_Key Insights:_

1. Powerful breakout
2. Robust bullish momentum
3. Strong buying pressure
4. Support at $7.973

_Trader Considerations:_

1. Monitor momentum for further gains
2. Potential next leg up
3. Watch for consolidation around support

_Technical Levels:_

- Resistance: $9.00, $10.00
- Support: $7.973, $7.50

_Market Sentiment:_

- Bullish
- Increased investor interest

_UNI Stats:_

- Market cap: $5.5B
- Volume (24h): $2.5B
- Circulating supply: 750,000,000 UNI

_Analysis:_

- RSI: 80+ (overbought)
- MACD: bullish crossover
- Moving Averages: upward trend

-Traders consider $UNI 's breakout and potential for further gains.

-Long-term investors watch for consolidation and stability.

Stay updated on $UNI 's performance.

Remember, trading carries risks.

Adjust strategies accordingly.#UNI: #Uniswape #UNIWatch #USElections2024Countdown